BUSINESS

New Philippines President orders ominous gambling review

TAGs: Benigno Simeon C. Aquino III, gambling license review, President

Philippines-President-BenignoIt seems that the Malaysian government is not the only national authority backtracking on agreements to issue gambling licenses. Now they’re at it in the Philippines as well, where the new Pope, I mean President, Benigno Simeon C. Aquino III has ordered a review into the issuing of licenses, the lifting of the 40% cap on foreign ownership of gaming firms and privatization. What’s going on? I’m all for eradicating corruption but is this guy going to throw the baby out with the bathwater here? Has Al-Quaeda got to him? Worse still, have the Americans got to him? Read more.

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