PAGCOR states; Applicable License Fee rate: 30% Special Table...

PAGCOR states;

Applicable License Fee rate: 30% Special Table Gaming Area 30% Electronic Gaming Machines 30% Junket operations. Payable monthly. Late fees at 12% interest!!
Then the taxes plus this guaranteed $5 million profit for FCG!
Plus costs which will be enormous.

Will have to be the most successful casino in Philippines for this size of operation.

Not happy with this 100% equity and the price is 35% over the top.
You must look at the facts not whether a certain person can bring in zillions of pesos with high rollers. Competition is tough in Manila and those hotels are a good 2 stars above this one. Investment of $10 million in refurbishments would make this a top hotel. So is that planned?

Just back from Manila and visited Clark and my views have not changed. Just a risk but that is the nature of any investment. Do your due diligence if it is ok invest if not take a walk. Anyway good luck. I am bullish on the Philippines and amazed at the strength of the PHP but remember election year and laws will change and fast.

I sold but watching closely hoping the Macquarie Street blokes would go away!