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casino 1995 castIn January, Philippines Finance Secretary Carlos Dominguez said the 11 full-fledged casinos should be sold “within the next few months.”However, few details have emerged regarding who might be buying the properties. Philippine casinos generated PHP152.55 billion (.92 billion) in land-based gross gaming revenue (GGR) during 2017, an increase of 13.8 percent compared the previous year. In January, Philippines Finance Secretary Carlos Dominguez said the 11 full-fledged casinos should be sold “within the next few months.”However, few details have emerged regarding who might be buying the properties. The four leaders, City of Dreams, Solaire, Resorts World, and Okada, collectively reported GGR of .09 billion, a nearly 26 percent premium on their 2016 performance.Manila’s integrated resorts accounted for 71.5 percent of the entire GGR generated by Philippine casinos in the calendar year.The Philippine Amusement and Gaming Corporation (PAGCOR), which continues to act as not only the country’s gaming regulator but also acool cat casino tournamentsn operator, reported GGR of 0 million for its state-run casinos.Online and electronic gaming, which was attacked in the early months of President Rodrigo Duterte’s administration, posted gross gaming income of 0 million.Ongoing InvestmentDuterte has directed PAGCOR to grow tourism in the Philippines and make the country “the top gaming and entertainment destination in the Association of Southeast Asian Nations” by 2020.Favorable regulations and low taxes have already attracted billions of investment dollars in properties in Manila’s Entertainment City. Commercial properties pay just 15 percent.PAGCOR Chairwoman Andrea Domingo said last summer that the agency would find a way to make sure the critical taxes generated at the agency’s casinos would continue to reach the government once they’re sold.“Privatization is like selling your assets. (Image: Erik de Castro/Reuters)Private integrated casino resorts in Manila continue to fuel the country’s gaming industry. gold coast casino elko nv