Inside Asian Gaming

INSIDE ASIAN GAMING | March 2010 Philippines are however less supportive of the industry in general and Dr Lam in particular. In 2006 Senator Jinggoy Estrada used the local equivalent of parliamentary privilege to make a speech in the Senate attacking him specifically. Three separate attempts by friendly politicians to reappoint the current Pagcor chairman Dr Efraim Genuino to his post before the national election were unsuccessful. If the incoming national president does not reappoint Dr Genuino, there is no guarantee that the new Pagcor chairman will be as supportive of the current taxation and regulatory system for land based and online gaming, including those affecting Dr Lam’s operations. 36 makers opposed to further expansion of the industry and some even in favour of a contraction. The current chairmanof Pagcor, Dr Efraim Genuino, has been seen as sympathetic not only to gaming expansion, but also specifically to Dr Lam’s business aspirations in the Philippines. In the land-based market, Dr Lam’s Jimei Group owns a controlling stake in Fontana Leisure Parks & Casino at Pampanga. Dr Lam is also a founding member of a Pagcor- supported lobby groupwithin the Philippine gaming industry called the Euro-Asian Cooperation on Gaming Association Ltd that was set up in 2006. Some opposition politicians in the A villa at Fontana Leisure Parks & Casino Pagcor Chairman Efraim Genuino Market Outlook