In the Philippines and the individual share prices for some of the nation’s largest casino operators have reportedly risen sharply following a dramatic change of heart from President Rodrigo Duterte (pictured).
According to a report from the Bloomberg news service, the 76-year-old leader has been an outspoken critic of gambling for many years and even went so far as to institute a moratorium in 2018 on the building of any new casinos outside of metropolitan Manila’s large Entertainment City zone.
Timely turnaround:
However, the controversial president has now reportedly reversed his long-held position on gambling due the need for his nation to raise much-needed cash amid the coronavirus pandemic. The country of around 109 million people ha…
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