Philippines halts approval of new casinos to prevent oversupply

Philippines halts approval of new casinos to prevent oversupply

February 09, 2018 9:30 AM
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In the Philippines, a direct order from President Rodrigo Duterte to the gambling regulator Pagcor has resulted in a moratorium on new casino licenses nationwide.

Local media report, only applications received before Jan. 13, 2018 to build new casinos in the Philippines will be considered. Pagcor is currently drawing up a detailed directive outlining the new restrictions.

“The President told me last January 11 to freeze the entry of new casinos because there are already many of them and there are more wanting to apply,” said Pagcor head Andrew Domingo.

“We’re just processing now the applications we received before the President ordered the moratorium. After that, as of January 13, we’ve stopped accepting applications.”