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Manila stops issuing new casino licenses

Early investors protected amid fears of oversupply

Gamblers try their luck with Okada Manila's roulette machines in Manila. (Photo by Akira Kodaka)

MANILA The Philippines will not issue any more casino licenses in the capital for five years; the industry regulator is heeding oversupply concerns among existing investors.

Andrea Domingo, chair of the Philippine Amusement and Gaming Corporation (Pagcor), said the four licensees from Manila's Entertainment City filed a position paper last month calling for the moratorium.

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