Casinos of the Philippines

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
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Taxation, Asian Casino 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, New Hotels, World Casino News, Casino openings, Casino project updates, Casinos of the Philippines, Gaming Industry News, 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 Destinations, Casino News, 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 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, Financial Press Releases, Philippines
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
Latest Casino and Gambling News, Casino Destinations, Casino 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...

Melco International Records a Loss of HK$1.74 Billion in 2023, Narrowed from $5.11 Billion

Vanja Mitic
Latest Casino and Gambling News, Casino News, Casino reviews from Macau, Casinos of the Philippines, Gaming Industry News, Cyprus, Economy/Finance, Macau, Financial Press Releases, Philippines
Macau’s concessionaire Melco Resorts & Entertainment’s parent company, Melco International Development Ltd, reportedly lost HK$1,74 billion (US$222 million) in 2023. The loss is attributable to the owners. ...

Paradise Entertainment Generated $7.8 Million Profit in 2023 to Actively Seek International Expansions

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Casinos of the Philippines, Gaming Industry News, Technology, Economy/Finance, Online Gambling News
A Macau’s leading gaming and entertainment operator, Paradise Entertainment Ltd, reveals that the company generated  a profit of US$7.8 million in 2023. The value added to the company's 2023 balance sheet after...

Bloomberry Resorts Corp Ends Dispute with GGAM by Signing US$300m Settlement Agreement

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, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Philippines
Bloomberry Resorts Corporation, owner of Solaire Resort, revealed that it has managed to reach a settlement agreement in its 10-year legal dispute with previous ally Global Gaming Asset Management (GGAM) Philip...

PAGCOR Chairman Says Philippines Gaming Market to Become Second Largest in Asia

Vanja Mitic
Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases, Philippines
PAGCOR, a Philippine Amusement and Gaming Corporation, spent years working hard on establishing the Philippines as one of the leading gaming markets in the world, and its efforts are finally paying off. Accordi...

Groundbreaking Ceremony For $300M Convention Resort and Casino At Subic Bay, Philippines

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, European Casino News, France, Asian Casino News, Philippines
A foundation stone laying ceremony was held on March 14 for the newest casino, resort and convention center, called Subic Sun Convention Resort and Casino, Inc., in Subic Bay. However, the said complex will be ...

Bloomberry to Open Solaire Resort North in May 2024, Unveils FY 2023 Results to Report $170m in Net Income

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Casino openings, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Philippines, Financial Press Releases
Following the $1 billion development, the Solaire Resort North integrated resort will open its doors to visitors by the end of May 2024. Run by the leading Philippine resort operator Bloomberry Resorts Corporat...