Philippines allows online bets for casino as Covid-19 cases almost hitting 394,000

Members of the Democrats Abroad Philippines holding slogans as they gathered at the Makati Suburbs in Manila Philippines while continuing to monitor developments in the US election. - AP

MANILA, Nov 7 (Bloomberg): The Philippines has allowed a land-based casino to accept bets online and is reviewing two other requests in a move that could help operators mitigate losses from the Covid-19 pandemic. Gaming stocks rose.

The Philippine Amusement and Gaming Corp. has approved the application of Bloomberry Resorts Corp.’s Solaire Resort and Casino, president Alfredo Lim said in mobile-phone messages.