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
[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.
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