MANILA (Reuters) – Philippines President Rodrigo Duterte has ordered a halt on the entry and creation of new casinos to prevent an oversupply in one of Asia’s fastest-growing gambling markets, the country’s gaming regulator said on Thursday.
The non nonsense Philippine leader ordered a moratorium on Jan. 11 “because he did not want the industry to be crowded”, Andrea Domingo, chairman of the Philippine Amusement and Gaming Corp (Pagcor), said in a text message.
Pagcor will no longer process applications for gaming licenses following the ban, Domingo said. Four applications for licenses, mostly by local businessmen, are pending with the gaming regulator.
The Philippines, which has one of Asia’s most freewheeling gambling industries, recorded 88 billion pesos ($1.71 billion) in gross gaming revenues in the first half of 2017, up 12 percent from a year ago, Pagcor data showed.
Growth was driven by warmer ties with China and increasing foreign visitors.
With gambling banned in many Asian countries, the Philippines has cashed in on growth of the sector, which has created tens of thousands of jobs and helps bring tourists to its malls, beaches and hotels.
Pagcor operates dozens of casinos in the Philippines, with 526 tables and 10,461 machines and there are nine huge private casino complexes offering 1,236 gaming tables and 7,767 electronic gaming machines, according to the latest available data.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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