Property News · December 11, 2018

How China’s love of online betting is boosting the Philippine property sector


The Chinese passion for betting has become a major driver of the Philippine property market.
The country has become a magnet for Chinese online gambling operators, barred from setting up shop at home and stifled in Macau by measures aimed at curbing the spending of wealthy mainlanders.
Warmer relations between Beijing and Manila under President Rodrigo Duterte have underpinned the influx; Chinese gaming firms took up 30 per cent of the 775,000 square metres of office space built in the…

Source : South China Morning Post
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