PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Income, or Impact Martial Law Directive

PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Income, or Impact Martial Law Directive

PAGCOR, the Philippines Amusement and Gaming Corporation, is none too concerned within the long-term financial implications stemming from the recent terror wreaked on Resorts World Manila that left 37 innocent dead.

About that Resorts World Manila attack? Should not have negative effect on gaming revenue, therefore says PAGCOR Chairwoman Andrea Domingo.

PAGCOR CEO Andrea Domingo told reporters this week that her agency doesn’t expect the country’s casino industry to suffer as a result of the tragedy.

On June 2, a man reportedly enduring a serious gambling addiction, entered Resorts World within the money city and lit elements of the gaming flooring on fire.

‘As of now, I don’t see any effect on the gaming industry,’ Domingo said, as reported by Malaya Business Insight. ‘since, we’re averaging P5 billion ($101 million) a month, so that’s around P25 billion as of May january. I think we are going to manage to hit the prospective of P60 billion and above.’

The cause of Domingo’s seemingly unwarranted optimism is that the Resorts World attack is not believed to have been linked to any organization that is terroristic. Capital Region Police workplace Chief Oscar Albayalde stated the suspect, who later committed committing suicide, was greatly indebted to the casino and that ended up being their main motive.

Unrest in Philippines

Even though many Americans feel President Donald Tru Continue reading “PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Income, or Impact Martial Law Directive”

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion

An aggressive $1 million advertising campaign backed by Sheldon Adelson, chairman and CEO of Las Vegas Sands, is attempting to block legislation in Pennsylvania that would enable gaming that is video (VGTs) in truck stops, restaurants, pubs, and off-track betting facilities.

Billionaire casino magnate Sheldon Adelson is funding group to fight proposed legislation that threatens his hold on gambling activity in the Keystone State.

Adelson’s Sands Casino Resort Bethlehem is leading the fight against House Bill 1010, which would permit certain establishments to install VGTs offering real-money blackjack, poker, along with other casino games.

There are currently almost 27,000 VGTs in Pennsylvania, every one of them in the state’s 12 casinos. If HB 1010 passes, the amount could more than double.

John Cunnane, a Wall Street video gaming and leisure analyst for Stifel Investment Services, told the Allentown Morning Call that this kind of expansion of VGTs and authorized locations that are VGT could hurt founded gaming facilities.

‘That’s a number that is insane of, and we’ve heard of impact that’s had on gambling enterprises in places like Iowa and Illinois,’ Cunnane said. ‘It will not cause a mass exodus from gambling enterprises, but they will feel the pain, no doubt.’

Media Wars

Through Sands Casino Resort Bethlehem, Adeslon gave $1 million to Pennsylvanians For Responsible federal Government (PRG), a newly created Continue reading “Adelson Casino Wages Ad War Against Pennsylvania VGT Expansion”