Tag Archives: Rodrigo Duterte
- Duterte quits online gambling nitpicking in new state address
July 24, 2017
Philippine President Rodrigo Duterte delivered on Monday his second state of the nation address, which was basically the same as last year—justifying his campaign against drugs, crackdown on corruption, improving the country's infrastructure while denying allegations of human rights violations. In a two-hour litany of his supposed accomplishments during his...
- Philippines to sweep dirty casino cash with new Anti-Money Laundering Law
July 19, 2017
The Philippines will no longer sweep dirty cash from casinos under the carpet after President Rodrigo Duterte signed the country’s newly improved Anti-Money Laundering Law. President Duterte signed Republic Act 10927 on Wednesday in a bid to decrease illicit cash inflows. With the new law, which extends its reach to...
- One year on: Gambling in the time of Rodrigo Duterte
June 30, 2017
The sound of phones ringing incessantly inside the Philippine Stock Exchange drown out the gasps of traders as they watch the share price of gaming technology provider PhilWeb Corp. take a nose dive on August 3. PhilWeb, which has been managing the eGames network of Philippine Amusement and Gaming Corporation...
- Jimei junking junkets for film biz; Duterte targets Jack Lam buddy
Casino junket operator Jimei International Entertainment Group is branching out into the world of cinema now that its gaming operations have dried up. On Wednesday, Jimei alerted the Hong Kong Stock Exchange that the company had hired noted film director F. Gary Gray “in relation to the development and production...
- Duterte’s gambling policy pulls down LRWC Q1 net income
May 18, 2017
Philippine-listed holding company Leisure and Resorts World Corporation (LRWC) is feeling the pinch of President Rodrigo Duterte’s new online gambling policy, with its gambling segments posing significant decreases in income in the first quarter of the year. LRWC, which operates a bingo gaming business and maintains majority interest in First...
- Philippines can overtake Singapore, but with higher risk
March 21, 2017
The case of the Philippines vs. Singapore is more than just a question of who will overtake whom. The two countries have very different regimes and economic policies, so timeframes must be kept in mind here. From an outsider perspective who hasn’t been to either country, it looks as if...
Two blockbuster main events headline ONE: Immortal pursuit in Singapore
September 14, 2017
Okada Manila eyes Philippine backdoor listing
May 2, 2017