Casinos of the Philippines

Andrew Lo Appointed President of Suntrust Resort Holdings Inc, Succeeding David Chua

Vanja Mitic
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Casino moguls, Employment & Careers, Asian Casino News, Labor Relations, Philippines
Suntrust Resort Holdings Inc. has named Andrew Lo Kai Bong its new president following David Chua Ming Huat's sudden departure. This leadership transition was announced in a filing to the Philippines Stock Exch...

Philippine Gaming Industry Revenue Soars 19% to $3.3 Billion in First Half of 2024

Vanja Mitic
Latest Casino and Gambling News, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
The Philippine gaming industry witnessed a significant surge in revenue during the first half of 2024, reporting a year-on-year growth of 19.2%. According to the latest figures released by the Philippine Amusem...

PH Resorts Ends Agreement with TRLEI for Emerald Bay Resort Project

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines
PH Resorts Group Holdings Inc, which is overseeing the stalled Emerald Bay Resort casino project in Mactan, Cebu, has officially terminated its term sheet with Tiger Resort Leisure & Entertainment Inc (TRLE...

FATF Keeps Philippines on Grey List, Cites Need for Further AML/CFT Improvements

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Online Gambling News, Asian Casino News, Philippines
On Friday, the Financial Action Task Force (FATF), a global financial watchdog, confirmed that the Philippines remains on its "grey list" of jurisdictions under heightened scrutiny. Despite this, the FATF ackno...

Philippines DOJ Accepts Human Trafficking Complaint Against Suspended Bamban Mayor Alice Guo

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Crime, Fines, Lawsuits & Litigation, Philippines
Authorities in the Philippines have lodged a qualified human trafficking complaint against suspended Bamban, Tarlac "POGO Mayor" Alice Guo at the Department of Justice (DOJ). The complaint, filed on Friday by t...

PAGCOR Chairman Says Shutting Down IGLs Will Not Eliminate Foreign Criminal Activity

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Online Gambling News, Philippines
In an extensive exploration of offshore gaming intricacies, Alejandro H. Tengco, Chairman and CEO of the Philippine Amusement and Gaming Corporation (PAGCOR), provides nuanced insights into the evolving landsca...

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Taxation, Asian Casino News, Online Gambling News, Taxes, Philippines
In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

Solaire Resort North: Bloomberry Unveils $1 Billion Casino Complex in Quezon City, Aiming to Boost Local Tourism

Vanja Mitic
Casino Destinations, Latest Casino and Gambling News, Casino News, World Casino News, Casino openings, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Asian Casino News, Philippines
Bloomberry Resorts Corp, a prominent name in the Philippines' gaming industry, debuted its latest venture, Solaire Resort North, on Saturday, situated in Vertis, Quezon City, just north of Metro Manila. This ne...

Philippine Gaming Industry Hits Record High: Q1 Revenues Surge to PHP81.70 Billion, E-Games Sector Leads Remarkable Growth

Vanja Mitic
Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has unveiled impressive figures, revealing that the country's gross gaming revenues (GGR) for the first quarter of the year surged to PHP81.70 billion ($...

PAGCOR’s Gaming Revenue Hits All-Time High in Q1 2024

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) revealed on April 28 that it managed to hit an all-time record in gaming revenue of Php25.24bln, roughly US$437m, for the 3-month period leading to March 31 of...

Philippine Senator Files Proposal to Ban POGOs over Human Trafficking Concerns

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Money Laundering, Online Gambling News, Asian Casino News, Conspiracy, Crime, Philippines
Philippine Senator Risa Hontiveros has called on the country's legislature to immediately ban Philippine Offshore Gaming Operations, known as POGOs, over human trafficking concerns allegedly raised after the re...

Okada Manila Reports 24% Revenue Decline In Q1 2024

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
Tiger Resort Leisure and Entertainment Inc, the Okada Manila casino resort operator, reportedly revealed the resort's financial result for the first quarter of 2024. According to the operator's filings made on ...

Newport World Resorts Hits Newest Yearly High in GGR for 2023; Non-Gaming Income up 40%

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Casino moguls, Asian Casino News, Financial Press Releases, Philippines
It was recently revealed that Newport World Resorts managed to reach the newest yearly high in terms of gross gaming income collected for the previous year, surpassing PHP34.2bln, which is roughly $600.38m. Add...