{"id":17696,"date":"2016-02-04T11:57:42","date_gmt":"2016-02-04T19:57:42","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=17696"},"modified":"2018-05-09T09:07:07","modified_gmt":"2018-05-09T17:07:07","slug":"major-policy-change-hits-philippines-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/major-policy-change-hits-philippines-entrepreneurs\/","title":{"rendered":"Major policy change strikes Philippines entrepreneurs"},"content":{"rendered":"<p>Just when <strong>Melco Crown Entertainment<\/strong> and other operators have gone heavily into the <strong>Manila<\/strong> market, they stand to take a hit from a <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/10\/Tiger-Resort-Okada-Manila-Bay-Resorts_01-e1402018244904.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-14727\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/10\/Tiger-Resort-Okada-Manila-Bay-Resorts_01-e1402018244904-300x188.jpg\" alt=\"Tiger-Resort-Okada-Manila-Bay-Resorts_01-e1402018244904\" width=\"300\" height=\"188\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/10\/Tiger-Resort-Okada-Manila-Bay-Resorts_01-e1402018244904-300x188.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/10\/Tiger-Resort-Okada-Manila-Bay-Resorts_01-e1402018244904-150x94.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/10\/Tiger-Resort-Okada-Manila-Bay-Resorts_01-e1402018244904.jpg 625w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>potential <strong>Philippine Amusement &amp; Gaming<\/strong> policy change that would end the Pagor&#8217;s monopoly on casino gambling outside Manila. Pagcor Chairman\u00a0<strong>Cristino Naguiat<\/strong> said that there are (unspecified) areas in the archipelago that are &#8220;very ripe for a casino.&#8221; The criteria for entry would include a minimum $300 million investment. &#8220;We&#8217;re developing a template to ensure that no one would be granted a license unless an investment commitment is made,&#8221; Naguiat added.<\/p>\n<p>A bigger loser than Melco could be <strong>Kazuo Okada<\/strong>, who has committed $2 billion to <!--more-->a casino resort in the <strong>Entertainment City<\/strong> district (<em>pictured<\/em>). <strong>BDO Unibank<\/strong> analyst <strong>Jonathan Ravelas<\/strong> warned that existing operators &#8220;will have to be on their toes&#8221; when facing the prospect of &#8220;world class&#8221; operators entering other areas of the <strong>Philippines<\/strong>. Melco stock didn&#8217;t take the news well, falling 6%. While Manila is a long way from rivaling <strong>Macao<\/strong>, once all four Entertainment City megaresorts are operational, the Philippines&#8217; annual gaming haul is expected to reach $4 billion.<\/p>\n<p>* Congratulations to <strong>Mohegan Sun at Pocono Downs<\/strong> for initiating a combined heating\/power system that &#8220;will capture heat from the engine\u2019s exhaust gases and use it onsite.&#8221; The new technology, provided by\u00a0<strong>UGI HVAC Enterprises<\/strong>, goes online this autumn and will reduce Pocono Downs&#8217; carbon footprint by 3,900 metric tons a year. The racino made use of preliminary research by <strong>Penn State Hazleton<\/strong> engineering students are part of the selection process.<\/p>\n<p>* Mobile gaming is predicted for enormous new\u00a0acceptance, according to <strong>Juniper Research<\/strong>, which projects an additional 100 million players coming online by 2018,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just when Melco Crown Entertainment and other operators have gone heavily into the Manila market, they stand to take a hit from a potential Philippine Amusement &amp; Gaming policy change that would end the Pagor&#8217;s monopoly on casino gambling outside &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/major-policy-change-hits-philippines-entrepreneurs\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[117,188,93,167,95,192,8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17696"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=17696"}],"version-history":[{"count":4,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17696\/revisions"}],"predecessor-version":[{"id":21663,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17696\/revisions\/21663"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=17696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=17696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=17696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}