Growth of Philippine Casinos

Growth of Philippine Casinos

All Things Casino, or Philippine Casinos to be exact, have long been a staple of South-East Asia for centuries. As many countries in Asia have strong Christian and Muslim cultures, the Philippine Casinos cater to all groups and are even sometimes referred to as “God’s Own Country.” However, despite their popularity and dominance in the gambling scene in the region, the Philippine Casinos are under close scrutiny by both government and independent researchers who are conducting thorough research on their safety and welfare. While the government regulates all aspects of operations, especially including the licensing process for gaming machines, independent agencies such as the Fair Labor Association and the Gaming Commission of the Philippines have been conducting periodic reports on the condition of the Philippine Casinos.

One of the most critical problems facing the Philippine Casinos are the hundreds of thousands of live and working people that are employed in the construction, management, and maintenance of the Philippine Casinos. The two major construction companies, however, claim that most of the workers are from China and the Philippines. While most employees are Chinese, most of the gamblers are actually from India. Most of the worker compensation in the Philippine Casinos is actually dependent on the amount of income that the workers receive and not on the size of the pit that they work in. Unfortunately, the number of employees is dwindling rapidly, leaving the possibility of rampant graft and corruption at all levels of the chain of operations.

Given the present issues with corruption in the Philippine government, and the prevalence of organized crime figures in the Philippines, it is clear that the security and well-being of the Philippine casinos are very important to the Filipino people. In response to this need, the Philippine government has taken several measures over the years to improve the living conditions for gamblers and their families. Many measures have been effective, but there are still scores of problematic individuals who frequent the Philippines casinos and other establishments. For example, most of the patrons who frequent Philippine properties do so with the full understanding that the odds of winning the jackpot are very slim, and that they are most likely to lose a great deal of money.

To address the issue of corruption and poor working conditions in the Philippine casinos, the first integrated casino resort was launched in Manila, the capital city of the Philippines in 1998. Since then, the government has worked hard to improve the conditions for the workers of these gambling facilities. However, despite the best efforts, the problem of corruption and lack of enforcement of anti-gambling laws still persists. This led to the creation of the National Lottery Commission in 2001, which is responsible for implementing various anti-gambling and anti-money laundering policies. Despite its initial shortcomings, the commission has since been successful in eliminating various forms of corruption from within the casinos in the Philippines.

Currently, the government is trying to strengthen its hand in the Philippine casinos industry by further implementing legal measures. One measure that the government has introduced recently is the Presidential Decree on Combating the Problem of Money Laundering and Improving the Preventive Control of Smuggling of Money in the Philippines. Although the presidential decree did not directly address the concerns of the Philippine Commission on License and Certification of Philippine Casinos, the move nonetheless is a step in the right direction to protect the interests of gaming enthusiasts in the country.

The continued growth and development of the Philippines as a tourist and gaming hub is a testament to its dedication to preserving its cultural and recreational assets. With continued support from the government and the gradual evolution of its polity, the Philippine casinos are sure to enjoy a bright future. The success of these casinos in the coming years will no doubt contribute greatly to the increase in their respective revenues.