88 Gaming
Philippines
Gaming report
While rumours are revealing the possible privatisation
of pAGCOr following the next presidential
elections, the state-owned monopoly for gaming
onshore operations announces record-breaking
performances and the launch of a new gaming
facility as a prelude to the forthcoming Bagong
Nayong pilipino gaming and entertainment city
by Harry Ashton*
Exceptions to the General Prohibition
General Prohibition
on Gambling in Philippines
Article 195 Revised
Penal Code
Terrestrial Gaming Remote Gaming
Casino, Regulated by First First Cagayan
gaming clubs or Cagayan Leisure is a subsidiary
amusement places, and Resort of Leisure
Sports gaming
Racing
Corporation and Resorts
pools, lotteries, who is Master World Corporation
bingo parlours Licensor which is listed
appointed on the Philippines
by Cagayan Stock Exchange
Economic Zone
Regulated by Regulated by
Authority under
Pagcor under the Philippines
Section 34
Pagcor Charter Racing Commission
of the Interactive
PD 1869 - pursuant
Rules and
government owned to PD 420 of 1974
regulations
d
Philippine Manila
43 Online
Pagcor license
Gaming
Philweb
Racing club Jockey Club
Licenses
operates Pagcor
e-games online
T
he gambling industry in the estimate of the future potential growth The Manila Bay Integrated City
Philippines is worth an es- in gaming revenues, stating: “I estimate project is designed to strengthen revenue
timated 100 billion pesos in 2007 Philippine gaming revenue growth even further. PAGCOR Chairman
(US$2.08 billion per year), while illegal reached US$792 million. It’s not stretch- Efraim Genuino has described the project
activities account for a further 50 bil- ing things too far to say this market as the “single biggest dollar investment in
lion pesos (US$1.04 billion). Dean Ma- could be doing US$1.8 billion in gaming the country” and states he expects it to
comber, speaking at a 2007 GEM expo revenue by 2013, even without Manila create 200,000 jobs in the Philippines. A
in Manila, estimated that 66 percent of Bay Integrated City - that would amount primary objective for the project is to en-
gaming revenues comes from operations to a doubling of the domestic market and courage more tourists, particularly given
in Metro Manila. He also provided an a tripling of the VIP business.” the strain put on the tourism market by
March 2010
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