{"id":52126,"date":"2017-06-12T15:55:59","date_gmt":"2017-06-12T22:55:59","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=52126"},"modified":"2017-06-12T15:58:09","modified_gmt":"2017-06-12T22:58:09","slug":"philippines-casino-entry-fee-for-deterring-attackers-could-deter-play","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/","title":{"rendered":"Philippines Casino Proposed Entry Fee Aimed at Deterring Attackers Could Deter Business More Often"},"content":{"rendered":"

A plan to impose an entry fee for all casinos in the Philippines would have a detrimental effect on the sector\u2019s thriving mass market, analysts for investment banking group Morgan Stanley said on Monday. The opinion was issued following the introduction of a bill on Friday in the Philippine House of Representatives.<\/p>\n

\"Casino
Following a deadly attack on Resorts World Manila on June 2, a bill that would charge gamblers $61 to enter the country\u2019s casinos has been introduced to the Philippine House. (Image: EPA)<\/figcaption><\/figure>\n

Rodolfo Albano III, a member of the House, introduced a bill that proposes charging all casino customers in the his country PHP3000 ($61) on entry.<\/p>\n

Resorts World Manila Attack Impetus<\/h2>\n

The legislation comes in the wake of an assault by a lone gunman on Resorts World Manila that left 36 dead, including both gamblers and employees. It follows a week of recriminations in the Philippines House and Senate which largely blamed Resorts World and the firm that supplied its security<\/a> for the deaths.<\/p>\n

Also on Friday, the casino\u2019s license to operate was suspended by the country’s gaming regulator PAGCOR, citing \u201cserious security lapses\u201d made by the casino.<\/p>\n

Albano says his bill would \u201cstrengthen regulation of the participation or engagement of citizens in casino gambling by ensuring that those who enter casinos and similar gaming establishments have the financial resources to engage in gambling.\u201d<\/strong><\/p><\/blockquote>\n

The Resorts World attacker, Jessie Javier Carlos, who caused the deaths by setting fire to gaming tables after dousing them with gasoline, has been identified post-mortem as a problem gambler with a grudge against the casino<\/a>, hundreds of thousands in debt, and no job or prospects for one.<\/p>\n

Impact on Area Gambling<\/h2>\n

Morgan Stanley analysts Alex Poon and Praveen Choudhary noted that the entry fee plan would hurt the \u201cgrind mass\u201d segment, a term referring to the lower end of the mass market, and customers who bring their families along.<\/p>\n

\u201cFilipino gamblers view gambling more as an entertainment compared to Chinese gamblers in Macau,\u201d the analysts asserted.<\/p>\n

\n

The June 2 rampage cast a shadow over a casino sector that was basking in a period of strong growth, bolstered by Philippine President Rodrigo Duterte\u2019s efforts to build bridges with China, which had led to a boon in gaming tourism from that country.<\/p>\n<\/div>\n

As the shock begins to subside, the challenge now for the industry is to restore faith in the safety and security of the Philippines as a tourism destination. And despite their misgivings about the bill, Poon and Choudhary remain bullish on the sector\u2019s future. There is no guarantee of the bill passing, and even if it does, they note, it will have a limited effect on the lucrative VIP segment.<\/p>\n

Operator Optimism<\/h2>\n

Philippine operators who spoke to the UK’s\u00a0Financial Times<\/em> on Monday shared the analysts\u2019 optimism.<\/p>\n

Geoff Andres, property president of City of Dreams Manila, said he expected \u201cmore government investment in infrastructure development in the urban areas to ease the traffic flow and linkages to key tourist destinations, and a strong program to support inbound tourists from both domestic and international markets.\u201d<\/p>\n

Meanwhile, CFO for Tiger Resort, Leisure & Entertainment Hans Van Der Sande said the Philippines is \u201cgaining ground\u201d as a travel destination in Asia. The company is building the multibillion-dollar Okada Manila in Entertainment City,<\/p>\n

\u201cEvery time a new large [casino] property has entered the market, the demand has grown to keep up with the supply,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

A plan to impose an entry fee for all casinos in the Philippines would have a detrimental effect on the sector\u2019s thriving mass market, analysts for investment banking group Morgan Stanley said on Monday. The opinion was issued following the introduction of a bill on Friday in the Philippine House of Representatives. Rodolfo Albano III, […]<\/p>\n","protected":false},"author":42,"featured_media":52190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,13,18],"tags":[],"acf":[],"yoast_head":"\nPhilippines Casino Entry Fee for Deterring Attackers Could Deter Play<\/title>\n<meta name=\"description\" content=\"A proposed Philippines casino entry fee could damage play, but analysts and operators remain bullish, despite the recent Resorts World Manila attack.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines Casino Entry Fee for Deterring Attackers Could Deter Play\" \/>\n<meta property=\"og:description\" content=\"A proposed Philippines casino entry fee could damage play, but analysts and operators remain bullish, despite the recent Resorts World Manila attack.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-12T22:55:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-06-12T22:58:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/Casino-entry-fee-Resorts-World-Manila-attack.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/\",\"url\":\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/\",\"name\":\"Philippines Casino Entry Fee for Deterring Attackers Could Deter Play\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/Casino-entry-fee-Resorts-World-Manila-attack.jpg\",\"datePublished\":\"2017-06-12T22:55:59+00:00\",\"dateModified\":\"2017-06-12T22:58:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"A proposed Philippines casino entry fee could damage play, but analysts and operators remain bullish, despite the recent Resorts World Manila attack.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/philippines-casino-entry-fee-for-deterring-attackers-could-deter-play\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/Casino-entry-fee-Resorts-World-Manila-attack.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/06\/Casino-entry-fee-Resorts-World-Manila-attack.jpg\",\"width\":800,\"height\":450,\"caption\":\"Following a deadly attack on Resorts World Manila on June 2, a bill that would charge gamblers $61 to enter the country\u2019s casinos has been introduced to the Philippine House. 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