Casinos of the Philippines

Philippine Gaming Revenues Hit US$1.24 billion in Q1 2023

Radosav Milutinovic
Casino Destinations, Latest Casino and Gambling News, Casino News, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Asian Casino News, Philippines, Financial Press Releases
Inside Asian Gaming reports that the gross gaming revenues of the Philippine gambling industry soared to Php68.9 billion (US$1.24 billion) in the first quarter of 2023. The strong growth was reportedly driven b...
ph group

PH Resorts Group Continues Negotiations with Investors for IR Project in Cebu

Vanja Mitic
Casino News, Latest Casino and Gambling News, Casino Destinations, New Hotels, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Philippines, Financial Press Releases
Udenna Group’s subsidiary for the gaming and hospitality industry, PH Resorts Group, is planning to continue the development of its new integrated resort project, which will be situated in Cebu. Negotiations...

Aristocrat Opens First Dedicated Gaming Showroom in Manila

Radosav Milutinovic
Australia, Casino News, Casino Destinations, Latest Casino and Gambling News, Online gambling regulation, Casino expansion projects, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Mobile gaming, Conferences / Trade Shows, Asian Casino News, Online Gambling News, Oceania Casino News, Philippines
Australian gaming machines and iGaming innovator, Aristocrat Leisure Ltd, reportedly opened “the first dedicated gaming showroom” in the Philippines. As GGRAsia reports, the gaming facility is part of Aristocra...

Pagcor Doubled Net Income in Q1 on 50% Revenue Growth

Radosav Milutinovic
Casino News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, reported that its net income for the first quarter of 2023 amounted to approximately PHP1.34 billion (US$24.0 million). ...
pagcor

Pagcor’s Fight Against Illegal Betting in the Philippines

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Unlicensed Operation, Online Gambling News, Crime, Philippines
The illegal gambling scene is expanding in the Philippines. The authorities are fighting against that with all possible weapons, and the last was a warning that was issued by the Philippine gaming regulator.  ...

Bloomberry Develops Third Solaire Resort in Cavite in the Philippines

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, New Hotels, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Casino moguls, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines, South Korea
The casino operator Bloomberry Resorts Corp., owned by casino mogul Enrique Razon, announced the development of the third casino project upon the launch of its Solaire Resort North in Quezon City in the Philipp...

Philippine Senator Recommends Banning POGOs Within 3 Months

Marija Malenovic
Casino News, Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Licenses, Asian Casino News, Taxation, Online Gambling News, Crime, Licensing, Taxes, Philippines
Philippine Senator Sherwin Gatchalian, chairman of the Senate’s Committee on Ways and Means, recommended the country's government to officially shut down Philippine Offshore Gaming Operators (POGOs), which are ...

AMLC Study Reveals Unknown Number Of Phillipine Junket Operators’ Failure to Report Suspicious Transactions

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Money Laundering, Asian Casino News, Conspiracy, Crime, Philippines
The Philippine Anti-Money Laundering Council (AMLC) has officially released a study on suspicious transactions connected with casino junkets, which revealed many examples of junket operators who didn’t report c...
bloomberry

Deal with PH Resorts Group Terminated by Bloomberry Resorts Corp

Vanja Mitic
Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
It was announced on Wednesday that Solaire Resort’s parent company, Bloomberry Resorts Corp, terminated the deal related to acquiring a stake in integrated resort developments in Cebu and Clark, owned by PH Res...

Local Demand Drove Bloomberry To 84% yearly GGR Growth in 4Q22

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
Bloomberry Resorts Corporation, a gaming, entertainment, tourism and hotel holding company based in Phillipines, has publicly announced a net profit of Php1.1 billion, which is approximately 20.0 million US dol...

SPAC Company 26 Capital Initiates Legal Action Against Okada Manila Subsidiaries for Failure to Accurately Fulfill Merger Obligations

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, North America Casino News, Hong Kong, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Philippines
On Thursday, February 2, 26 Capital Acquisition Corp., one of the US-based special purpose acquisition company (SPAC) and the most distant parent company of Okada Manila, filed legal action in a Delaware Court ...

PAGCOR Gaming Revenue Increases 69% to US$1 Billion in 2022

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, publicly announced a 68.7% increase in revenue from gaming operations to Php 55.1 billion, which is approximately 1.0 bi...