According to Morgan Stanley Asia, the Okada Manila casino resort will help expand the casino industry’s GGR in the Philippines.
Casino operators have voiced their optimism about AC’s casino finances in 2018 and the upcoming years.
Macau casinos have seen its first revenue hike since 2013 with total revenue amounting to US$33.13 billion in 2017, up by 19 per cent.
An investigation into gambling tax irregularities that had been closed during the Tusk administration has been reopened.
The Chinese enclave witnessed a 9.4% surge in travellers in November, compared to the same period the previous year.
The bill that is waiting for Trump’s signature would benefit the horse racing industry as it reduces multiple taxes.
According to Bloomberg, gross gambling revenue is set to rise 14 percent in 2018 and is likely to break records in 2019.