Makati office space void to grow as online gaming firms eye city exit

The number of vacant office spaces in Makati Central Business district (CBD) may grow next year as online gambling firms leave the financial district in favor of a much business-friendly Philippine cities.

A PAGCOR insider, who spoke under the condition anonymity, told CalvinAyre.com that online gambling firms in the city are now looking at other nearby CBDs where it is easier for companies to set up their shops.

The exodus of online gambling firms in Makati City is reportedly triggered by a row between the city government and operators over the issue business permit.

“Gaming companies have had trouble securing city business permits and are now looking outside of the Makati Central Business District,” the source said.