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But upon further review, officials changed their minds, deciding it made more financial sense for the country not to sell them.
The gaming industry has been in a state of total confusion since Duterte took office in June of He initially sought to rid the country of online gambling and illegal underground bookies.
He said he would restore online gambling if taxes are collected. Foreign casino operators jumped at the opportunities, until they were impacted by the ban.
The casino sector would also get a boost if the Philippines upgrades its airports. Last year, Japanese financial services firm Nomura Holdings said in a note that the aging airports are keeping wealthier tourists from patronizing casino resorts, especially affluent travelers from China.
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