Philippines' PH Resorts Group gets regulatory nod for $350 million share offerin

Siren

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Quote from: crzy on February 05, 2019, 09:08:43 AM

Quote from: btc_angela on February 05, 2019, 08:00:14 AM

Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

Yes, that's true, even poor people can enter casino's in Manila, although there are dress codes, but I witnessed a lot of every time I enter a casino in Manila people who's really out of money but still trying their luck. And I also see some of them winning, like a case of a old lady who only bet 10 pesos but won 10K pesos in a slot machine.

Ordinary people finds their luck on gambling and that’s why they continue to play. Its not that expensive to gamble in the Philippines and in fact this growth on many casinos can make a lot of jobs, and more profit for the economy. Love to play card games, an easiest way to gamble.

If you are finding luck in gambling thats good but always consider to play moderately specially if we are a family person ,because i will disagree if all the money we gain from our sources of living will end up losing in gambling and our family will go starvation

I am a gambler my self but i make sure that everything is at place,i never compromise the amount in excessively from my budget for playing

We both love card games mate,though i also like playing roulette optionally

Yaunfitda

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Quote from: nydiacaskey01 on February 05, 2019, 10:49:50 PM

Quote from: Baofeng on January 25, 2019, 08:45:07 PM

I thought that the current administration doesn't like gambling at all? Or are they contradicting themselves and trying to bring Philippines to rival its neigbor Macau?

I think what the government doesn't want is illegal gambling because its unregulated and the Government doesn't get anything from it unlike this casinos that are being built in different places in the Philippines, the government earns from it from start to operations like from permits (building permit, environmental permit, business permit) to build up to taxes from their daily earnings.

Exactly, the government is all in for the casino's to milk it with taxes and channel those money for government projects (roads, bridges, public utilities and even health care for the poor or rehabilitation center for drug addicts.) So we can't really blame them after all.

I think someone posted a link already for the positive effects of gambling in a nation so it's going to be captivating if Philippines turns out to be a safe haven for traditional casino's in Asia that could also bolstered online crypto gaming in that country as well.

nydiacaskey01

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Quote from: Baofeng on January 25, 2019, 08:45:07 PM

I thought that the current administration doesn't like gambling at all? Or are they contradicting themselves and trying to bring Philippines to rival its neigbor Macau?

I think what the government doesn't want is illegal gambling because its unregulated and the Government doesn't get anything from it unlike this casinos that are being built in different places in the Philippines, the government earns from it from start to operations like from permits (building permit, environmental permit, business permit) to build up to taxes from their daily earnings.

TravelMug

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Quote from: crzy on February 05, 2019, 09:08:43 AM

Quote from: btc_angela on February 05, 2019, 08:00:14 AM

Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

Yes, that's true, even poor people can enter casino's in Manila, although there are dress codes, but I witnessed a lot of every time I enter a casino in Manila people who's really out of money but still trying their luck. And I also see some of them winning, like a case of a old lady who only bet 10 pesos but won 10K pesos in a slot machine.

Ordinary people finds their luck on gambling and that’s why they continue to play. Its not that expensive to gamble in the Philippines and in fact this growth on many casinos can make a lot of jobs, and more profit for the economy. Love to play card games, an easiest way to gamble.

Correct, and maybe this is the compelling reasons why Duterte changed his stance and willing to established another big casino to that his constituent will have a lot of jobs in the future.

Wondering though since election is coming this May in the Philippines, will this affect negatively if the winners is anti-Duterte. I read that Senators will be elected so I'm thinking that if they're against the current administration and won a seat will there be adverse effect?

crzy

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Quote from: btc_angela on February 05, 2019, 08:00:14 AM

Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

Yes, that's true, even poor people can enter casino's in Manila, although there are dress codes, but I witnessed a lot of every time I enter a casino in Manila people who's really out of money but still trying their luck. And I also see some of them winning, like a case of a old lady who only bet 10 pesos but won 10K pesos in a slot machine.

Ordinary people finds their luck on gambling and that’s why they continue to play. Its not that expensive to gamble in the Philippines and in fact this growth on many casinos can make a lot of jobs, and more profit for the economy. Love to play card games, an easiest way to gamble.

btc_angela

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Activity: 2660

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Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

Yes, that's true, even poor people can enter casino's in Manila, although there are dress codes, but I witnessed a lot of every time I enter a casino in Manila people who's really out of money but still trying their luck. And I also see some of them winning, like a case of a old lady who only bet 10 pesos but won 10K pesos in a slot machine.

Johnzky

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Quote from: peter0425 on January 30, 2019, 07:56:30 PM

Quote from: efrenbilantok on January 30, 2019, 10:57:54 AM

What the heck, I can not believe in this news. Having such a thing is unacceptable for a religious nation, especially Duterte now stands as the president of the country, which forces to prevent poverty and oppress the weak powers. This is very shocking news for those people who believes in the President

Don't be surprised by the sudden shift of the government. If they see that there are money to generate by opening another casino then so be it. Religion? He even attacks the Church so no doubt that he will support gambling in the Philippines, but again, my only concern is corruption here. Maybe after his term we will see who's the people behind who really "won" in this decision by the Philippine government.

As if that easy to bring corrupt people behind bars specially in the country like Philippines where politics becomes a normal talk of the town.where no one knows who really talks truthful since they are throwing stones to one another.the former administration will be blame for what had happen to their term.no i think nothing will prove anything but hopefully they will act for one interest and that is for the benefits of the Filipino

Oceat

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Quote from: peter0425 on January 30, 2019, 07:56:30 PM

Quote from: efrenbilantok on January 30, 2019, 10:57:54 AM

What the heck, I can not believe in this news. Having such a thing is unacceptable for a religious nation, especially Duterte now stands as the president of the country, which forces to prevent poverty and oppress the weak powers. This is very shocking news for those people who believes in the President

Don't be surprised by the sudden shift of the government. If they see that there are money to generate by opening another casino then so be it. Religion? He even attacks the Church so no doubt that he will support gambling in the Philippines, but again, my only concern is corruption here. Maybe after his term we will see who's the people behind who really "won" in this decision by the Philippine government.

There has to be another side of the story here and we shouldn't be believing what we don't see or hear rather than do our own research or conduct an interview to him personally so that some of us will know what really is his idea about of this casinos. I heard that Pres. Putin was openly welcome him during on his visit to Russia. I wonder how famous that Pres. Duterte is and how long is his connection because i think he was too famous all around the globe.

peter0425

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Quote from: efrenbilantok on January 30, 2019, 10:57:54 AM

What the heck, I can not believe in this news. Having such a thing is unacceptable for a religious nation, especially Duterte now stands as the president of the country, which forces to prevent poverty and oppress the weak powers. This is very shocking news for those people who believes in the President

Don't be surprised by the sudden shift of the government. If they see that there are money to generate by opening another casino then so be it. Religion? He even attacks the Church so no doubt that he will support gambling in the Philippines, but again, my only concern is corruption here. Maybe after his term we will see who's the people behind who really "won" in this decision by the Philippine government.

efrenbilantok

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What the heck, I can not believe in this news. Having such a thing is unacceptable for a religious nation, especially Duterte now stands as the president of the country, which forces to prevent poverty and oppress the weak powers. This is very shocking news for those people who believes in the President

Kemarit

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Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: stomachgrowls on January 29, 2019, 06:48:41 PM

Not to underestimate the current economic state of Philippines but i cant believe that there are really people who do spent time on casinos.It means there are lots of rich people who can
sustain to play on such expensive way of gambling.

That was true, there are Filipinos who are big time and can really afford to play in high-end casinos here and abroad. However, if we will compare the ratio of rich and poor, there is a big gap. There are only few elites here in our country but also have a huge number of families experiencing poverty. That is why I can't consider our economy as good as the others because of the imbalance.

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

Believed me, I've been in casino's in the Philippines wherein everyone is welcoming, even the less unfortunate ones who wanted to get a feel on what's its all about playing in a big casino. They're will try everything just to win not just in carnival or fiesta sponsored games. Even free rides from certain point is available. So I have no doubt that many Filipinos will go and take the risk regardless how deep your pocket is. And the "show money" rule before is not longer applicable as well. And with another casino's on the horizon, it's gonna be accessible and more people will be addicted, IMHO.

stomachgrowls

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Quote from: Siren on January 30, 2019, 01:57:28 AM

Quote from: NavI_027 on January 30, 2019, 01:22:52 AM

Quote from: stomachgrowls on January 30, 2019, 12:32:45 AM

The question is, how an average joe would able to sustain to play on a casino? I doubt that even losing a few bets will already lead for him to go home directly.

Absolutely! I think he can't even stand a couple of hours playing poker there unless he is lucky and always winning (but very ideal to happen). And besides there is a tendency that he can't handle the pressure because very small bets are not welcome there. Doing such thing might get you bullied and treated as a joke by the rich players. As a result, he will be forced to level his bets on the others which leads him faster to bankruptcy once he lose.

So as a gambler, it is very important to know your limits because sometimes being gutsy leads you to misery.

Theres alot of games casino can offer and as a average joe mostly paying slot machines in which small amount is enough to satisfy the needs to play.so i guess there will no bullying will happen unless as a average joe you want to sit on a table that mostly bigtime gamblers position,but it is indeed that being a gambler we must be responsible for limitations so the best way is bring only the amount that we can afford to lose

For slots you can really play out with minimal bets but even with just your common sense or self-will you wont really sit into a table which you do know that you are an ant sitting with elephants. Grin

We are already derailing this thread so its time to cut-off this gambling average joe's. hehe

On topic, any government will change plans whether they are willing to do it for the sake of adding up GDP or just simply there are transactions under the table.

Siren

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Quote from: NavI_027 on January 30, 2019, 01:22:52 AM

Quote from: stomachgrowls on January 30, 2019, 12:32:45 AM

The question is, how an average joe would able to sustain to play on a casino? I doubt that even losing a few bets will already lead for him to go home directly.

Absolutely! I think he can't even stand a couple of hours playing poker there unless he is lucky and always winning (but very ideal to happen). And besides there is a tendency that he can't handle the pressure because very small bets are not welcome there. Doing such thing might get you bullied and treated as a joke by the rich players. As a result, he will be forced to level his bets on the others which leads him faster to bankruptcy once he lose.

So as a gambler, it is very important to know your limits because sometimes being gutsy leads you to misery.

Theres alot of games casino can offer and as a average joe mostly paying slot machines in which small amount is enough to satisfy the needs to play.so i guess there will no bullying will happen unless as a average joe you want to sit on a table that mostly bigtime gamblers position,but it is indeed that being a gambler we must be responsible for limitations so the best way is bring only the amount that we can afford to lose

NavI_027

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Quote from: stomachgrowls on January 30, 2019, 12:32:45 AM

The question is, how an average joe would able to sustain to play on a casino? I doubt that even losing a few bets will already lead for him to go home directly.

Absolutely! I think he can't even stand a couple of hours playing poker there unless he is lucky and always winning (but very ideal to happen). And besides there is a tendency that he can't handle the pressure because very small bets are not welcome there. Doing such thing might get you bullied and treated as a joke by the rich players. As a result, he will be forced to level his bets on the others which leads him faster to bankruptcy once he lose.

So as a gambler, it is very important to know your limits because sometimes being gutsy leads you to misery.

stomachgrowls

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Quote from: creeps on January 29, 2019, 11:33:16 PM

Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: stomachgrowls on January 29, 2019, 06:48:41 PM

Not to underestimate the current economic state of Philippines but i cant believe that there are really people who do spent time on casinos.It means there are lots of rich people who can
sustain to play on such expensive way of gambling.

That was true, there are Filipinos who are big time and can really afford to play in high-end casinos here and abroad. However, if we will compare the ratio of rich and poor, there is a big gap. There are only few elites here in our country but also have a huge number of families experiencing poverty. That is why I can't consider our economy as good as the others because of the imbalance.

Gambling in the Philippines is not that expensive because we have so many options to gamble. Everyone is welcome to casinos I think regardless of your status in life as long as you are willing to spend money because I saw a lot of average people trying their luck on casinos and to be honest a lot of girls on casinos are there to do their own business, since most of the casinos here are being occupied by the foreigner.

The question is, how an average joe would able to sustain to play on a casino? I doubt that even losing a few bets will already lead for him to go home directly. Comparing carnival type of gambling
and on a place like casinos then you will really able to see the difference.About prostitution on casinos, its always been there not only to this place but it is on overall.

creeps

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Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: stomachgrowls on January 29, 2019, 06:48:41 PM

Not to underestimate the current economic state of Philippines but i cant believe that there are really people who do spent time on casinos.It means there are lots of rich people who can
sustain to play on such expensive way of gambling.

That was true, there are Filipinos who are big time and can really afford to play in high-end casinos here and abroad. However, if we will compare the ratio of rich and poor, there is a big gap. There are only few elites here in our country but also have a huge number of families experiencing poverty. That is why I can't consider our economy as good as the others because of the imbalance.

Gambling in the Philippines is not that expensive because we have so many options to gamble. Everyone is welcome to casinos I think regardless of your status in life as long as you are willing to spend money because I saw a lot of average people trying their luck on casinos and to be honest a lot of girls on casinos are there to do their own business, since most of the casinos here are being occupied by the foreigner.

Quote from: NavI_027 on January 29, 2019, 09:21:51 PM

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

In addition to this, there's a carnival in every places which you can play more games like the famous one "Color Game". Well, this is very traditional and I think this will stay forever for the traits of the Filipinos.

peter0425

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Quote from: carlfebz2 on January 28, 2019, 10:27:10 PM

Quote from: peter0425 on January 28, 2019, 08:35:03 PM

Quote from: buwaytress on January 28, 2019, 07:14:38 AM

Business is business and while the industry, in all its shrouds of secrecy, may not do much for the actual economy nationally (at least, not provably nett positive), it still contributes a lot to GDP and revenue for government coffers. We've got no idea how much these statistics help them lobby for even regional say.

It does seem extremely at odds with his previous stances. His regime's all about attacking the root causes of social ills, and there's no grounded Filipino I know who won't point at least one accusing finger at the casino industry.

Exactly, money talks and Philippines being one of the most corrupts country not just in Asia, I wouldn't be surprised by the sudden U-turn of the Duterte administration. It will bring some jobs to locals, but it doesn't mean it will have a positive effect to the whole economy. I'm sure politicians pockets big money here just to lobby the President and get his approval for another Philippine casino.

Advantages would always twinned by disadvantages.If the current administration did approved such thing then they do already saw the possible benefit to them.Lets say they are against with gambling
but on the other side they will surely have the thought on its brighter side.
Even I wont really be surprised if they would u-turn on their decision and would focus to open up casinos on that country.

Definitely, there always the pros and the cons specially in this situation. Did Duterte or someone close to him weigh all the advantage against disadvantages? Absolutely, but did someone pocketing something out of this deal? We don't know, but the probability is high I believed, in my opinion.

NavI_027

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Quote from: stomachgrowls on January 29, 2019, 06:48:41 PM

Not to underestimate the current economic state of Philippines but i cant believe that there are really people who do spent time on casinos.It means there are lots of rich people who can
sustain to play on such expensive way of gambling.

That was true, there are Filipinos who are big time and can really afford to play in high-end casinos here and abroad. However, if we will compare the ratio of rich and poor, there is a big gap. There are only few elites here in our country but also have a huge number of families experiencing poverty. That is why I can't consider our economy as good as the others because of the imbalance.

Quote from: btc_angela on January 29, 2019, 08:33:14 PM

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

So mean that even the poor can go to casinos? I don't think so. Yes! I do believe that some poor people gambles due to desperation for money but only in low level. They only play small games such as mahjong, various card games, small betting and lottery (Sorry if I ever misinterpreted your question).

btc_angela

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Activity: 2660

Merit: 551

Quote from: stomachgrowls on January 29, 2019, 06:48:41 PM

Quote from: sheenshane on January 29, 2019, 10:36:14 AM

Quote from: Dreamchaser21 on January 29, 2019, 08:57:42 AM

Quote from: omonuyak on January 29, 2019, 05:15:37 AM

This is another great developments in the casino's crypto and Philippines regulatory authority has done very well. I believe that in future other governments are going to see good in this and cryptocurrencies will be used all over the world.

I think this is not a crypto casinos but its a traditional gambling. Its good for the Philippines, and it can make a lot of gamblers again. More countries are slowly showing a great support for gambling nowadays, and no doubt that Philippines is one of those countries, I will just enjoy the good ambiance of those casinos.

Yes, that is not a crypto casino, that is a traditional casino. A lot of Filipino politicians people are in a casino every weekend, I knew that because my uncle told me. But it would nice to hear if that casino is accepting cryptocurrencies to use in gambling. So that cryptocurrency and gambling casino were showing up together here in the Philippines. And probably Bitcoin too will be known as well, uh, maybe that is a start to trigger the casino to accept also cryptocurrencies, who knows.

Not to underestimate the current economic state of Philippines but i cant believe that there are really people who do spent time on casinos.It means there are lots of rich people who can
sustain to play on such expensive way of gambling.

Philippines is a third world country so I doubt that only the rich people goes into a casino, lots have been trying their luck to became rich or at least win big. Not just in the Philippines but other countries as well.

Quote from: stomachgrowls on January 29, 2019, 06:48:41 PM

A certain country will really make decisions or do alter anytime as they like if they able to see the advantage of it and it may harm the community through addiction
but they are focusing on the revenue/tax.

I agree but the problem with the government of the Philippines is that they're portraying to be non-corruptible but I smell something fishy here because someone mentions a certain Dennis Uy, which look like a close confidante of the President that's why he was able to lobby him to and get approval.

stomachgrowls

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Quote from: sheenshane on January 29, 2019, 10:36:14 AM

Quote from: Dreamchaser21 on January 29, 2019, 08:57:42 AM

Quote from: omonuyak on January 29, 2019, 05:15:37 AM

This is another great developments in the casino's crypto and Philippines regulatory authority has done very well. I believe that in future other governments are going to see good in this and cryptocurrencies will be used all over the world.

I think this is not a crypto casinos but its a traditional gambling. Its good for the Philippines, and it can make a lot of gamblers again. More countries are slowly showing a great support for gambling nowadays, and no doubt that Philippines is one of those countries, I will just enjoy the good ambiance of those casinos.

Yes, that is not a crypto casino, that is a traditional casino. A lot of Filipino politicians people are in a casino every weekend, I knew that because my uncle told me. But it would nice to hear if that casino is accepting cryptocurrencies to use in gambling. So that cryptocurrency and gambling casino were showing up together here in the Philippines. And probably Bitcoin too will be known as well, uh, maybe that is a start to trigger the casino to accept also cryptocurrencies, who knows.

Not to underestimate the current economic state of Philippines but i cant believe that there are really people who do spent time on casinos.It means there are lots of rich people who can
sustain to play on such expensive way of gambling.

A certain country will really make decisions or do alter anytime as they like if they able to see the advantage of it and it may harm the community through addiction
but they are focusing on the revenue/tax.

Topic: Philippines' PH Resorts Group gets regulatory nod for $350 million share offerin (Read 568 times)