Therefore, it is not surprising that casinos based in the Philippines reported a significant decline in their total gambling income (GGR). One of the most tragic incidents that seriously disarmed the casino industry in the Philippines is the deadly attack on Manila’s famous gambling facility, which killed 38 people. Players who were more concerned about their security decided to choose a different destination for their gambling activities.
The case of a Singaporean woman kidnapped in a casino lobby in Manila is also on the list, although authorities managed to rescue her and arrest the criminal, which is also another obstacle to industrial development.
Another event marking the development of the casino industry in the Philippines involves billionaire and former chairman Kazuo Okada, who was unfairly ousted from key positions at Universal Entertainment subsidiary Tiger Resort, Leisure and Entertainment. Okada tried to open a gaming facility in Manila in July, but that’s never going to happen because he lost a major position in the company.
Experts explain that a series of accidents in a short period of time puts the growth of the casino industry at a very disadvantage. Ben Lee, managing partner at Macau-based IGamiX Management & Consulting, noted that most foreign investors started to think twice before deciding to enter the casino market in the Philippines. Earlier this year, the U.S. State Department released a report that described Philippine casino transactions as unable to prevent illegal activities and that organized crime was included in the gambling industry.
Earlier reports prompted a reaction from Philippine authorities, and President Rodrigo Duterte launched a strong crackdown to prevent money laundering, hurt the gambling industry, and was at a crossroads between life and death.파워볼실시간
All these troublesome events have hampered the development of the casino industry, which once had ambitions to become a major gambling center in Asia. To revive the casino industry, it is essential to find ways to attract lost players back, so it is in the hands of state officials to eradicate illegal activities that stifle the growth of casino trade.