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Philippines – Philippine gaming up despite Manila attack

By - 29 July 2017

Despite the atrocities suffered at Resorts World Manila, Philippine gaming regulator PAGCOR has still reported that the casino sector as a whole has posted a 25 per cent increase over the first six months of the year.

PAGCOR reported an 8.3 per cent increase in income from gaming operations in the first half of the year with GGR reaching US$ 557.4m.

The casinos paid a total of US$ 291.5m in taxation over the six months ended June 30.
The last month of the quarter saw a problem gambler launch a murderous attack at Resorts World Manila with 37 people losing their lives on June 2. The casino remained shut for the next 27 days with Pagcor saying daily revenue fell by between US$ 236,370 and 275,700 as a result of the closure.

PAGCOR also warned the public against unscrupulous individuals who are posing as PAGCOR employees to defraud unsuspecting victims.

Based on recent reports, several individuals used the name of the agency and swindled substantial amounts of cash and various products from their victims (which are mostly business establishments) who fell prey to fraudulent contracts.

The regulator stated: “Many of the victims deposited huge amounts of cash to the suspects’ accounts. Meanwhile, some victims received fake PAGCOR-issued cheques in exchange for a promise of a huge contract or project from PAGCOR.

In the light of these events, please be advised that PAGCOR adheres to a legitimate procurement process through public bidding in compliance with Republic Act (RA) 9184, and as such, it does not engage in private or personal business transactions. PAGCOR cautions the public to be wary of individuals who would offer to facilitate deals with the Corporation in exchange for cash. Likewise, we urge everyone to immediately report such fraudulent acts to the proper authorities.”

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