Casinos of the Philippines

Melco International Sees Significant Turnaround in 2024

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Financial Press Releases
In 2024, Melco International Development Limited, the Hong Kong Stock Exchange-listed parent of Macau-based Melco Resorts & Entertainment, reported a significant reduction in its annual financial losses. Th...

Melco Resorts Evaluates Strategic Alternatives for City of Dreams Manila

Vanja Mitic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines
Melco Resorts & Entertainment Limited, a prominent player in the integrated resort sector in Asia and Europe, is currently assessing various strategic alternatives for its Philippine venture, City of Dreams...

Philippines Boosts AML Efforts Post-FATF Delisting, Eyes iGaming Risks

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Cryptocurrency, Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Philippines
The Philippines has marked a significant advancement in its financial oversight mechanisms by exiting the Financial Action Task Force's (FATF) gray list, a move that reflects its strengthened anti-money launder...

Philippines Exits FATF’s ‘Grey List’, Enhancing Global Financial Standing

Vanja Mitic
Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Philippines
The Financial Action Task Force (FATF) has officially announced the removal of the Philippines from its 'grey list'—a roster of countries under increased scrutiny due to deficiencies in their financial systems....

Major Renovation Set for New Coast Hotel Manila to Boost Casino and Hotel Operations

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Philippines
In a significant move to enhance its casino and hotel services, International Entertainment Corp has announced a comprehensive PHP1.47 billion (US$25.5 million) renovation plan for its New Coast Hotel Manila, P...

PAGCOR Shuts Down Two Underperforming Casino Filipino Locations

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Latest Casino and Gambling News, Casino News, World Casino News, Casinos of the Philippines, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has decided to close two of its Casino Filipino gaming sites due to persistent financial losses. The closures are part of the agency's ongoing rationaliz...

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

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Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casinos of the Philippines, Casino closures, Gaming Industry News, Economy/Finance, Financial Fraud, Fines, Lawsuits & Litigation, Philippines
The Clark Development Corporation (CDC) has issued a cease-and-desist order against Fontana Development Corporation (FDC) and Fontana Resort and Country Club Inc. (FRCCI), halting all operations of the Fontana ...

Philippines Targets Final Active POGOs for Shutdown

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Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Unsavory reports, Gaming Industry News, Casinos of the Philippines, Money Laundering, Crime, Fines, Lawsuits & Litigation, Philippines
In a significant development, the Philippine government has announced stringent actions against Philippine Offshore Gaming Operators (POGOs), signaling a major policy shift aimed at curbing illegal activities a...

DigiPlus Refutes CasinoPlus Acquisition Reports Amid Strategic Expansion Plans

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Latest Casino and Gambling News, Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships, Philippines
DigiPlus Interactive Corp., a prominent name in the Philippines' gaming and leisure industry, has officially refuted recent reports suggesting it is on the brink of acquiring CasinoPlus. In a statement submitte...

Philippine Gaming Sector Sees 37.5% Growth, Led by Surge in Electronic Gaming

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Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases, Philippines
In the latest financial quarter, the Philippine gaming sector recorded a remarkable increase in gross gaming revenue (GGR), climbing by 37.52% to reach P94.61 billion. This surge, as reported by the Philippine ...

Strategic Reforms Propel Philippines Towards Exiting FATF Grey List

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Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Technology, Casinos of the Philippines, Mobile gaming, Online Gambling News, Asian Casino News, Philippines
The Philippines is on the verge of a significant regulatory milestone as it nears its removal from the Financial Action Task Force's (FATF) grey list. This progress stems from a series of strategic reforms impl...