26-02-2025, 09:47 PM
Thailand’s plan to legalise casinos is a “big threat” to the Philippines, which is now Asia’s second-largest gambling hub and is looking to set a revenue record in 2025, says the head of the country’s gaming agency.
The Philippines welcomed 5.4 million foreign tourists in 2024, compared with 35 million in Thailand and a record 37 million in Japan.
Pagcor, as the Philippine agency is known, must shape up and proceed with a plan to sell its dozens of small state-owned Casino Filipino outlets so that it can focus on its role as industry regulator, he said.
“By decoupling, we will be able to show the world that we are fair. That there is no conflict of interest,” Tengco said. The privatisation process may start next year, he added.
https://www.bangkokpost.com/business/gen...f?tbref=hp
The Philippines welcomed 5.4 million foreign tourists in 2024, compared with 35 million in Thailand and a record 37 million in Japan.
Pagcor, as the Philippine agency is known, must shape up and proceed with a plan to sell its dozens of small state-owned Casino Filipino outlets so that it can focus on its role as industry regulator, he said.
“By decoupling, we will be able to show the world that we are fair. That there is no conflict of interest,” Tengco said. The privatisation process may start next year, he added.
https://www.bangkokpost.com/business/gen...f?tbref=hp