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Duterte backer steps up casino plans despite anti-gambling rhetoric

Davao tycoon Dennis Uy secures 'backdoor listing' for integrated resort vehicle

Dennis Uy, left, is a Davao-based entrepreneur who helped bankroll President Rodrigo Duterte's election campaign. 

MANILA -- Filipino tycoon Dennis Uy is pressing ahead with plans to build casinos, despite the risk of clashing with President Rodrigo Duterte, who has vowed to block the construction of new gaming resorts. 

Uy, a prominent Duterte supporter during his election campaign, has won the approval of the Securities and Exchange Commission to convert Philippine H2O Ventures, a listed shell company, into PH Resorts Group Holdings, a vehicle for integrated resorts and casinos, according to a stock exchange filing on Wednesday.

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