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” The chief gaming regulator in the Philippines says the federal government’s casinos are no longer up for sale because business is simply too good. resorts casino reservations Philippines President Rodrigo Duterte is again changing his mind on gambling. doubledown casino games facebook (Image: Reuters)PAGCOR, the Philippine Gaming and Amusement Corp, announced in the fall of 2017 that it would be auctioning off as many as 47 casinos owned and operated by the government. login to raging bull casino The decision came from President Rodrigo Duterte, who wished to raise immediate funds for the national budget. But now, PAGCOR Chair Andrea Domingo tells Inside Asian Gaming that upon further review, it makes better fiscal sense for the country to continue its ownership. “PAGCOR casinos are holding up quite well,” Domingo explained. “Last year, they contributed PHP 22 billion (0 million) … and this year we’re looking at about PHP 26 billion (0 million) to PHP 27 billion (0 million). ”Business as UsualAlong with raising immediate money for the budget, Duterte’s mandate to PAGCOR to divest its casinos was to transition the agency into a regulator-only capacity. The president said the organization, as presently arranged, was prone to corruption. “An entity that has this power runs the risk of dealing itself a favorable hand while undercutting others,” former House Speaker and Duterte ally Pantaleon Alvarez stated last year. Free Slot Games For Fun Qfjg

Alvarez introduced the bill harrah s cherokee casino reviewsthat would change PAGCOR to the Philippine Amusements and Gaming Authority (PAGA) should the agency had sold off its casinos. Asked whether PAGCOR will remain a regulator and operator, Domingo answered, “I think for the next few years, because they’re still profitable. drake casino.com hallmark casino no deposit bonus codes june 2020 casino near me yuma With PAGCOR owned and operated casinos, the gross gambling revenue they yield goes directly to the government, 100 percent. ”Commercial integrated resorts in the Philippines, which are predominantly found in Manila’s Entertainment City, share just five percent of their VIP table game revenue with the government, and 15 percent of mass market play. nugget casino reno bingo Chaos the NormPAGCOR’s decision to completely reverse plans would come as a surprise if it weren’t the Philippines. The gaming industry has been in a state of total confusion since Duterte took office in June of 2016. The controversial leader, who has been