Asia
Philippines to Study the Economic Impact of Online Gambling Ban
The Philippines’ anti-money laundering body is going to study the economic impact of halting online gambling.
Benjamin Diokno, the governor of Bangko Sentral ng Pilipinas (BSP), has ordered the agency and the central bank’s financial stability team to “put some sense to this online gambling.”
“What if all of a sudden they decide to pack up and leave? What will be the impact of that on the property sector, also the food industry, the restaurants? This is part of my job as BSP governor,” Diokno said.
Philippine offshore gambling operators (POGOs), are a boon for the local economy, drawing many visitors from China who work in them, fuelling property demand and retail spending. The POGOs, which bar Filipinos from playing, contribute to national coffers through license fees. Officially, there are 60 POGOs, but critics say that hugely understates the number.
China has urged the Philippines to ban online gaming to support its crackdown on cross-border gambling, which it said foreign criminals had used to embezzle and launder funds as well as illegally recruit workers.
When Diokno was asked if he thinks online gambling firms were being used as money laundering conduits, he replied “not necessarily.”
Japanese citizens continue to oppose the plans for integrated resorts. According to a recent poll, 57.9% of the respondents disagree with the plan and 26.6% agree with it. Among the supporters, 62.8% said they would back the establishment of a casino resort in their area and 29.0% said they would not.
Japan’s public opinion may play a key role in whether some prefectures decide to press ahead with plans to host an IR. Yokohama recently announced it was planning to enter the race and swiftly became the firm favourite amongst major IR operators. However, public opinion against IRs is particularly strong there and may ultimately sway political opinion.
The continued opposition comes despite a concerted effort by operators to win hearts and minds in Japan, sponsoring local festivals and sports events and promoting non-gaming and other elements of IRs.
The Government of Japan is planning to launch the country’s casino management commission on January 7, 2020. The casino management commission will have five members. Their appointments require a confirmation from the country’s parliament and they will serve five-year terms.
The casino management commission is to be in charge of security matters, probity and background checks. The body will oversee integrated resort (IR) operators in that country, as well as devise measures to counter gambling addiction.
Japan is to allow a maximum of three resorts in the first phase of market liberalisation. The national government has yet to announce the full version of its so-called basic policy on IRs. Several prefectural governments and ordinance-designated cities in Japan have already shown interest in hosting an IR.
Aruze Gaming has installed its Super Big Wheel at City of Dreams. The installation forms part of a new ETG zone at City of Dreams and is one of two new Aruze products to be deployed on the main gaming floor, alongside Lucky Roulette.
Super Big Wheel is an X station platform with dual LCD screens. Players can select any of the six coloured areas on the area bet screen to bet on the side game, which also offers a chance at winning a jackpot.
Lucky Roulette is an immersive new roulette game that features an automated roulette wheel with evocative dynamic projection imaging. The three-dimensional visual experience combines the appeal of a traditional roulette.
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