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Market · Philippines · Sun 13 Sept · 1 min read

Acesite pauses Manila casino redevelopment

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What happened

Acesite halting redevelopment of Waterfront Manila Hotel and Casino, shifting to maintenance-only mode, is a direct signal that the economic headwinds hitting Philippine online operators are now also suppressing capital deployment in land-based hospitality gaming. This is not an isolated corporate decision: it reflects the same demand uncertainty and cost pressure visible in DigiPlus's EBITDA trajectory and IEC's widened net loss despite revenue growth.…

Sources: ASGAM

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