Recently, news from Manila has revealed that the once-declining gambling industry in Kamidi is quietly preparing a "restart" plan, attracting widespread attention from the industry and the public. Insiders have disclosed that the entire Kamidi has been taken over by specific interest groups and is currently in the phase of industrial restructuring. In the future, gambling practitioners may be allowed to re-enter.
What is more noteworthy is that former Philippine Congressman Mike Defensor has partnered with Hong Kong-listed Century Entertainment International Holdings Ltd. to establish a new joint venture in the Philippines, aiming to venture into the development of local online gambling platforms.
According to an announcement by Century Entertainment International, the company has reached an agreement with a local enterprise holding an official PAGCOR license to jointly develop gambling content and platform products suitable for the Philippine market. Although the announcement did not disclose the identity of the partner, Bilyonaryo cited documents confirming that the company is World Platinum Technologies Inc., and Defensor himself holds 5% of the company's shares.
This move is generally seen by the industry as a substantial signal of the "return tide" of Kamidi gambling. Sources revealed: "The relevant gambling companies have been preparing behind the scenes, just waiting for the restructuring process to be completed before entering."
Although PAGCOR has not yet officially issued the approval document, various signs indicate that Kamidi may become a new stronghold of the Philippine gambling industry. If the restart plan is implemented, it could not only drive the recovery of local employment but also inevitably trigger further debates about the legality of gambling, the effectiveness of regulation, and social risks.
The "warming" of the gambling industry: is it an economic opportunity or a social concern? The outside world is watching.
