That project has been mothballed, though Galaxy Chairman Lui Che Woo has said he is confident he will eventually get his resort.
During his fourth State of the Nation Address this week, Duterte praised Philippine Amusement and Gaming Corp. Chair, Andrea Domingo, for collecting US$313 million revenue as of July 2019. He also urged Domingo to encourage more gaming, the Inquirer reports.
Asked if Duterte is now open to lifting the moratorium, Presidential Spokesman Salvador Panelo said: “That would be the logical consequence of what he said,” the newspaper reports.
Pagcor is one of the biggest revenue earners for the Philippine government, remitting the fees and taxes it earns from its own casinos and those it licenses, both online and land based, to nation building projects.
Domingo has spoken out in favor of further casino investment to generate more revenue from the state.
She doesn’t want further development in Manila’s Entertainment City, but believes there is room for further casino hubs to help generate tourism in certain areas of the country. These include the Clark Freeport Zone, a former U.S. naval base north of Manila and the central island of Cebu.
Several casino projects in both of these locations are already moving ahead.
Source: GMB / AG Brief
