Most casinos in the Philippines are operated by PAGCOR. But the country\u2019s private commercial casinos are largely spectacular, sprawling integrated resorts located in Entertainment City in Para\u00f1aque, Metro Manila.<\/p>\n
Properties like City of Dreams Manila, Okada Manila, and Solaire have been operating at 30 percent capacity since emerging from lockdown, and have been making noises about online gambling for some time.<\/p>\n
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According to the latest PAGCOR figures, the country\u2019s casinos were hit with a collective 95.7 percent decline in revenues in Q2. Gross gaming revenue for the sector was just US$46.8 million, compared with US$1.08 billion for the same period in 2019.<\/p>\n<\/div>\n
Richard Lanela, an analyst at COL Financial Group Inc, told Bloomberg<\/em> the move would allow the integrated resorts to \u201csurvive and get through the pandemic until they are allowed by government to fully operate. This is a way for them to earn some revenue.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Casinos in the Philippines have permission to accept online bets to ease the financial pressures of the coronavirus. Alfredo Lim, president of the country\u2019s operator-regulator, PAGCOR, confirmed the move to Bloomberg on Monday by text. But he declined to elaborate on the shape these new online gambling operations might take, or whether Filipinos would be […]<\/p>\n","protected":false},"author":36,"featured_media":154321,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,19],"tags":[],"acf":[],"yoast_head":"\n
Philippines Regulator pagcor Approves Online Gaming Lifeline for Casinos<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n