Stakes high on Philippines’ push to privatise over 40 casinos
The plan to decouple the state’s regulator-operator role faces pushbacks, weighing down valuations
Add BT as a preferred source
[MANILA] As the Philippine government races to strip its state gaming regulator of more than 40 retail casino venues worth an estimated 50 billion pesos (US$813 million) to eliminate conflict of interest, the plan is facing serious pushback and mounting concerns.
The long-awaited plan, aimed at ending the state’s dual role as casino operator and regulator, could draw bids from major casino operators.
The 43 Casino Filipino venues, driven by mid-tier table and slot play from local patrons, generate more than 10 billion pesos annually.
TRENDING NOW
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Car-rental firm Charlotte Vehicle allegedly owes about S$140,000 to 34 customers
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
