A seismic shift

Philippine President Rodrigo Duterte has made a series of pronouncements since his inauguration in June that have shaken the established order in the Philippines, including rejecting long-term ally, the U.S., in favor of closer ties with China. The gaming sector hasn’t escaped his reach, with a crusade, since reversed, against online gaming companies and a call for The Philippine Amusement and Gaming Corp. (PAGCOR) to shed its casino assets and focus on its role as a regulator. The position on PAGCOR is likely to be applauded by most foreign investors, who have been uneasy about its dual role.   The potential sale of PAGCOR’s assets not only opens up the chance of a properly licensed and regulated market, it also throws up opportunities for operators and investors, both domestic and international, to buy casino real estate in one of Asia’s best-performing markets last year. But what exactly does PAGCOR have on its...

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