The government in Manila, Philippines, has opened up the gaming industry to foreign investors, allowing them to invest up to 40 per cent equity in gambling ventures outside of special economic zones.
Under the latest foreign investment negative list, foreigners may invest in all forms of gambling in any combination with Filipino investors, as long as they are covered by agreements with the Philippine Amusement and Gaming Corp and operating within special economic zones.
Outside of these zones, foreign investments in all forms of gambling are limited to 40 per cent. The foreign investment negative list is periodically issued by the president upon the recommendation of the National Economic and Development Authority.
