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The papers have been signed, which means that the Philippines is set to have one of the largest Entertainment City complexes in the world. Ambitious as it may be PAGCOR president Rafael Francisco is excited at the prospects for the $15 billion complex. Work on the 150 hectare site is slated to begin in early 2009. Vegas and Macau style If plans go as scheduled the Philippines complex will rival the complexes of Las Vegas and Macau. Heavyweight investors including Japan's Aruze Corporation, SM Group of Companies and Alliance Global are looking to get on board. Some eight luxurious hotels, spectacular theme parks, shopping havens and amazing gambling facilities will be created. This translates into hundreds of thousands of new jobs for the island nation.?With all that investment and government approval backing it up - gambling in the Philippines is going to attract a whole lot of international investment. Gambling base The Philippines already has a well-established lottery in place and the next step certainly looks to be a gambling super-center. Sports betting is already huge with things like boxing -?star pugilist Manny Pacquiao - always attracts a whole lot of gambling attention.
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In a marathon session of deliberation, Filipino lawmakers have now verified that currently there are no statutes prohibiting online casino gambling. This goes for both the actual online casinos themselves and the act of online gaming. Online gambling is perfectly legal Current law in the Philippines is such that there is nothing in the statutes declaring online gambling illegal in any way, shape or form. This is according to Philippines national law. The importance of this legal clarification paves the way for greater understanding of the whole debate on online casino gambling. Some want to change this However, there are opponents of online casino gaming like Representative Narciso Santiago. He is in favour of making amendments to the current legislation, such that online gambling would be declared illegal. Currently he has compiled a bill to that effect and the thrust of his proposal would make it illegal to use the Internet for placing or receiving wagers. And his bill would also declare it illegal for sending and receiving information abetting the placement of wagers in the Philippines. Effectively this puts the onus on lawmakers to decide which way to go. At present it is illegal to prosecute people and online gaming companies for engaging in gambling activity. There is no law that is being contravened. Loopholes in the new proposal Representative Santiago's proposal to outlaw gaming is inherently flawed in that it makes exceptions for horse racing and the national lottery. If it is the wellbeing of children that he is attempting to safeguard, then lawmakers suggest a blanket strategy outlawing all forms of gambling activity. But many folks on the ground are in favour of regulating the industry as opposed to outlawing gambling.
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