Recently, there has been speculation that the Philippine Amusement and Gaming Corporation (PAGCOR), which regulates gaming and operates casinos in the country, should have its role changed. There¡¯s the possibility that it could be split up with the introduction of a dedicated and exclusive gaming regulator.
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The single biggest bet came in May. McIngvale bet $3 million at Caesars when the Astros had 10-1 odds to win the World Series. He netted $30 million from that wager, which the Las Vegas-based operator said represents the single largest payout in legal sports betting history.
The initial rental rate on the property will yield Oak Street an 8.5% annual capitalization rate, adjusting to 7% as the casino receives gaming approvals. The rent rate is subject to CPI increases, the companies said in a release.
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