The ban and the loss of tourists have dealt a double blow, causing revenue declines for the Philippines' two major casinos, Belle Corp and Okada Manila.

The Philippine gaming industry is facing unprecedented challenges. In the first half of 2025, Belle Corp, a real estate giant, saw its gaming revenue from Manila's "City of Dreams" sharply decrease by 18% year-on-year, amounting to only 772.3 million pesos (approximately 13.5 million USD), reflectin

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