Gaming and Hospitality-Writeup

Question 1

GAMING SERVICES:

Answer 1

1. Licensed Casinos
2. Electronic Gaming Machines (EGMs)
3. Online Gaming Platforms (OGPs)
4. Sports Betting Operators

Question 2

Non-gaming services:

Answer 2

1. Resorts & Hotels
2. Restaurants
3. Other Leisure Establishments

Question 3

It is “a large-scale venues
or properties that offer a one-stop comprehensive entertainment, hotel, retail
and casino experience for gaming and non-gaming customers”.

Answer 3

Integrated Resorts

Question 4

Risks Relating to Industry

Answer 4

1. Competition risks
2. Macroeconomic Risks

Question 5

Risk Relating to the Business

Answer 5

Operational Risks
Management, Development and FInancing Risks
Technology, Information Protection and Privacy Risks

Question 6

Risks Related to Laws and Regulations of the Industry

Answer 6

Noncompliance with the applicable laws and regulations may lead to escalated expenses, diminished profitability, or constrained expansion for a company.

Question 7

is a Government Business Enterprise (GBE) that operates, grants authority to
operate, and regulates gaming establishments in the Philippines.

Answer 7

Philippine Amusement and Gaming Corporation (PAGCOR)

Question 8

Casinos, e-games, sports betting operators, bingos, etc. are subject to the oversight
and scrutiny of

Answer 8

PAGCOR

Question 9

The hospitality industry is under the umbrella of the Department of Tourism and so the operating guidelines for hotels, resorts, and other accommodation establishments’ activities are mainly issued by the Department of Tourism in accordance with

Answer 9

RA 9593 or The Tourism Act of 2009.

Question 10

three notable industry major players worldwid

Answer 10

Marriott International, Inc.
MGM Resorts International
Caesars Entertainment, Inc.

Question 11

four biggest integrated resort casinos currently operating in Metro Manila include:

Answer 11

Solaire Resort and Entertainment City
City of Dreams
Okada Manila
Newport World Resorts

Question 12

means all businesses engaged in legalized gambling activities, including without limitation casinos. Gaming industry means the industry comprising businesses engaged in operating, or providing services to, online casinos.

Answer 12

Gaming industry

Question 13

gambling activities or games regulated as gambling are played in such physical premises

Answer 13

Land-based gambling

Question 14

“Gaming” as an activity consisting in participating in an internet game, offering an internet gaming service, or providing internet gaming content or support (Internet Gaming Licensing Regulations

Answer 14

Online Gambling

Question 15

generally regulates gaming activities in the Philippines and issues the license to operate a gaming activity.

Answer 15

PAGCOR

Question 16

have the power to regulate gaming activities conducted within and gaming equipment (including computer servers) found strictly within such economic zone.

Answer 16

CEZA, the APECO, and the AFAB

Question 17

As clearly emphasized in our applicable regulations, receiving a license is a privilege, not a right.

Answer 17

true