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!
PAGCOR states; Applicable License Fee rate: 30% Special Table...
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.463M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.5¢ | $7.3K | 50.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 156192 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 12500 | 1 |
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| Last trade - 12.45pm 26/07/2024 (20 minute delay) ? |
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