BUSINESS

Philippines opens gaming sector to foreign investment

TAGs: philippines. foreign investment

ThrillaManilaThe release of the Eighth Regular Foreign Investment Negative List (which stipulates investment areas and activities off limits to foreign investors) tells us that gambling has been granted an exemption by the Philippines government. Foreign companies will need to have agreements with Philippine Amusement and Gaming Corp. (Pagcor), and their activities must be situated in special economic zones, unlike these people, who should be confined to special alcoholic zones. Read more.

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