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PAGCOR, the Philippines Amusement and Gaming Corporation, is none too concerned over the long-term financial implications stemming from the terror that is recent on Resorts World Manila that left 37 innocent dead.

PAGCOR CEO Andrea Domingo told reporters this week that her agency does not expect the country’s casino industry to suffer as a result of the tragedy.

On June 2, a man reportedly suffering from a serious gambling addiction, entered Resorts World in the money city and lit areas of the gaming flooring burning.

‘As of now, I don’t see any effect on the gaming industry,’ Domingo stated, as reported by Malaya Business Insight. ‘since, we’re averaging P5 billion ($101 million) a month, so that’s around P25 billion as of May january. I do believe we will find a way to hit the target of P60 billion and above.’

The reason behind Domingo’s seemingly unwarranted optimism is that the Resorts World attack is not thought to have been linked to any terroristic organization. Capital Region Police Office Chief Oscar Albayalde stated the suspect, whom later committed committing suicide, was greatly indebted to the casino and that ended up being their main motive.

Unrest in Philippines

Even though many Americans feel President Donald Tr Continue reading “PAGCOR Claims Manila Casino Mass Killing Won’t Hurt Gaming Revenue, or Impact Martial Law Directive”

The tourism industry in Las Vegas has restored all but 1.3 percent from the devastating fallout of this recession, but what lies ahead for Sin City’s visitor growth for the next five years? It depends who you ask.

Several facets point toward slower growth, nevertheless the recovery from the 2008 Great Recession is almost complete.

That is according to UNLV’s Center for Business and Economic Research director Stephen Miller, whom said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a restricted capacity, in 2018, in accordance with a story in the vegas Review-Journal.

Those thoughts are in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there genuinely believe that indicators point toward an upsurge in visitors, continuing a trend they have seen for the past three years.

Tourism Records Broken

Visitor numbers in Las vegas, nevada have actually been spiking since 2015. Occupancy rates in hotels, as well as average room that is daily, have actually also gone up within the previous couple of years, according to the LVCVA.

It has definitely been a bull market for both the Strip and downtown in Las Vegas. In 2016, 42.9 million v Continue reading “Is Las Vegas Tourism’s Future Boom or Bust? Professionals Have Different Viewpoints”