Tag: Leisure and Resorts World

Philippine gaming stocks jump 50% following u-turn

Betting Business, Duterte, Philippine, online gaming, legislation
PhilWeb and Leisure and Resorts World shares jumped by the 50 percent daily limit on 25 August after Philippine President Rodrigo Duterte said he might allow online gambling to resume with some conditions.   PhilWeb, which used to supply software to government-licensed internet gambling cafes, saw its price per share soar to 8.10 pesos at the close of trading, the most...

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