Known Filipino business magnates have begun traversing their way into the gaming industry just before President Duterte ordered a temporary prohibition on establishing new casinos.
During the ICE Totally Gaming 2018 event in London, Philippine Amusement and Gaming Corporation (PAGCOR) chair and CEO Andrea Domingo said that businessman John Gokongwei Jr. has acquired a license for his casino venture, while Manuel Villar Jr. and Dennis Uy were able to file applications before January 11, the day the moratorium was ordered by the President.
According to a PhilStar report, Gokongwei is planning to situate his first casino project in Cebu. On the other hand, Villar is eyeing a location in Dasmarinas, Cavite, while Uy, who filed for his second casino, plans to set the project in Clark, Pampanga.
The PAGCOR head said that she was directed to halt the processing of new casinos as they are now “too many”, she told reporters on the event’s sidelines, as the President has seen a “proliferation” of these establishments.
In compliance, the government-owned corporation has stopped accepting applications since January 13, and will thus “let the market mature first”, added Domingo.
Applications filed before the issuance of the moratorium will be the only ones to be processed.
A memo is now being drafted to elaborate on the President’s directive.