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The Philippines: Belle confirms interest in Pagcor

17 January 2011

MANILA, Philippines -- Belle Corp. would bid for PAGCOR, the state-run gambling agency, if the government decides to privatize it, according to an ABS-CBN News report.

The new President Aquino has indicated he plans to sell PAGCOR's assets to help a budget deficit, the report explained.

The Philippines is hoping to follow in the footsteps of Singapore and become a significant gaming destination in Asia, the ABS-CBN News report mentioned.

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