Sunday, August 15, 2010

Consider Monopoly in PAGCOR Pricing

QUESTION: Sir John, I have read your blogs about PAGCOR underprice anomaly. Why do you think PAGCOR should have a higher price than $10B announced by Ramon Ang of SMC?

ANSWER: The whistleblower who contacted me about the underptice anomaly had indicated a price for PAGCOR at $25B maximum. I also personally believe it is more than $10B because you have to put value on the fact that it is a GAMBLING Monopoly. There are many income-generating vices attached to gambling such as entertainment and even underground economies of drugs and prostitution.