Port Irene, in the Cagayan province of the Philippines, under the jurisdiction of the Cagayan Export Zone (CEZ) is now setting its sights on fostering a new gambling business to overtake the current second-hand car business in place.

The American Chamber of Commerce recently sent a team to Port Irene to inspect the car business and came away with the conclusion that closing down the lots would have little to no impact on the local economy and the people employed could find work in the new gambling business set to grow larger in the coming year.

Citing the Republican Act Number 7922, signed into law by Republican Juan Ponce Enrile in 1995, the CEZ has the "right to operate or own directly, indirectly or through a third party any tourism related activities including...gambling casinos...under priorities and standards set by the CEZA."

So this means...
Port Irene is now the only free port legally allowed to run and host online gambling businesses and also license offshore companies which gives the Philippine Amusement and Gaming Corporation (Pagcor) a strong run for its money; quite literally.

Only open to foreigners, Port Irene charges less than their Pagcor counterparts in the Philippines and Macau which draws many visitors from the local area to Taiwan, Hong Kong and even further.

Plans to expand
Currently there are 195 rooms dedicated to gambling with plans for an additional 400 this year alone. Future plans include a total of 800 rooms and 2 brick and mortar casino buildings.

Why stop there though? Also in the works is the possible building of an international airport slated for construction later on this year.

I wonder if jet fuel is more economical than the fuel prices we're paying now?
Port Irene, in the Cagayan province of the Philippines, under the jurisdiction of the Cagayan Export Zone (CEZ) is now setting its sights on fostering a new gambling business to overtake the current second-hand car business in place.

The American Chamber of Commerce recently sent a team to Port Irene to inspect the car business and came away with the conclusion that closing down the lots would have little to no impact on the local economy and the people employed could find work in the new gambling business set to grow larger in the coming year.

Citing the Republican Act Number 7922, signed into law by Republican Juan Ponce Enrile in 1995, the CEZ has the "right to operate or own directly, indirectly or through a third party any tourism related activities including...gambling casinos...under priorities and standards set by the CEZA."

So this means...
Port Irene is now the only free port legally allowed to run and host online gambling businesses and also license offshore companies which gives the Philippine Amusement and Gaming Corporation (Pagcor) a strong run for its money; quite literally.

Only open to foreigners, Port Irene charges less than their Pagcor counterparts in the Philippines and Macau which draws many visitors from the local area to Taiwan, Hong Kong and even further.

Plans to expand
Currently there are 195 rooms dedicated to gambling with plans for an additional 400 this year alone. Future plans include a total of 800 rooms and 2 brick and mortar casino buildings.

Why stop there though? Also in the works is the possible building of an international airport slated for construction later on this year.

I wonder if jet fuel is more economical than the fuel prices we're paying now?