Betting on the Philippines’ island potential

The Philippines was one of the best-performing casino markets around Asia in 2015, defying the regional slump to post a 17 percent increase in gross gaming revenue. Most of the focus has been on the multi-billion dollar resorts springing up in Manila’s Entertainment City, but industry experts say there’s plenty of opportunity outside of the capital. The pristine beauty of the Philippine islands and the fact that locals are permitted to gamble make for an interesting mix for casino investors. Mactan Island and Cebu Island have recently received multi-million dollar investments from the likes of the Sino-America Gaming Investment Group and SM Group. While the Aurora Pacific Economic Zone and Freeport Authority (APECO) now has the power to grant land-based and online casino licenses independently of PAGCOR. Then there’s Clark Special Economic Zone, a former US Air Force base turned tourism and entertainment complex with casinos including the Royce, Casablanca, Widus, Midori...

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