Philippines' Duterte orders halt on new casinos to prevent oversupply Feb 09, 2018 0 80 12345 REUTERSMANILAPhilippines President Rodrigo Duterte has ordered a halt on the entry and creation of new casinos to prevent an oversupply in one of Asia's fastest-growing gambling markets, the country's gaming regulator said on Thursday.The non nonsense Philippine leader ordered a moratorium on January 11"because he did not want the industry to be crowded", Andrea Domingo, chairman of the Philippine Amusement and Gaming Corp (Pagcor), said in a text message.Pagcor will no longer process applications for gaming licenses following the ban, Domingo said. Four applications for licenses, mostly by local businessmen, are pending with the gaming regulator.The Philippines, which has one of Asia's most freewheeling gambling industries, recorded 88 billion pesos ($1.71 billion) in gross gaming revenues in the first half of 2017, up 12 percent from a year ago, Pagcor data showed.Growth was driven by warmer ties with China and increasing foreign visitors.With gambling banned in many Asian countries, the Philippines has cashed in on growth of the sector, which has created tens of thousands of jobs and helps bring tourists to its malls, beaches and hotels. POST A COMMENT RELATED ARTICLES Philippine leader rejects ICC probe linked to drug war Feb 09, 2018 0 87 Rescuers brave aftershocks to pull bodies from tilting Taiwan tower Feb 09, 2018 0 72 Philippines says Canada helicopters 'not for attack' Feb 09, 2018 0 604 Philippine bank threatens counter-suit over world's biggest cyber-heist AFP MANILA THE Philippine bank used by hackers to transfer money in the world's biggest cyber heist warned of tit-for-tat legal action on Thursday, after Bangladeshi officials said they would sue the lender. .. Death-row Indonesian kingpin ran drug ring from prison: police JAKARTA A jailed Indonesian drug lord facing execution ran a meth-and-ecstasy ring from behind bars, police said on Thursday, as officials announced his narcotics network had been smashed. A dozen people were arrested .. Indonesia probes killing of Borneo orangutan JAKARTA A critically endangered Borneo orangutan shot to death in Indonesia took 130 pellets from an air rifle, in addition to cuts and bruises, an official of a wildlife group said on Thursday. Indonesia has vast swathes .. Cambodia court grants bail to seven foreigners held over dance party PHNOM PENH A Cambodian court has granted bail to seven of 10 foreigners charged with producing pornography related to dancing at a party, a court spokesman said on Thursday. The 10 were arrested on Jan. 25, along with 77 .. Thai PM says law applies to tycoon accused of poaching BANGKOK A Thai tycoon charged with poaching a leopard in a national park will not escape justice despite his wealth, the country's junta leader vowed on Thursday, as public outcry rages over impunity for the ..