Casinos of the Philippines

Philippine Gaming Industry Generates US$1.24 Billion in Q3 2023 to Exceed Prepandemic Levels

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
Gross gaming revenues of the Philippine gaming industry reached the level of Php68.8 billion (US$1.24 billion) in the third quarter of 2023. The figure reportedly represents a 20.1% increase when compared to th...

Newport World Resorts To Launch Table Games For PIGO Clients

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Licenses, Online Gambling News, Asian Casino News, Licensing, Philippines
The owner of Newport World Resorts, located in Manila, Philippines, plans to extend its operations under the license of the Philippine Inland Gaming Operator (PIGO). The expansion involves new table games that ...

Pagcor to Upgrade Casino Filipino As Country’s Gaming Revenues Head to Exceed the 2019 Record

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
Following the recent move to transform the state-run Philippine Amusement and Gaming Corp (Pagcor) into an exclusively regulatory entity, this governmental agency's chairman and chief executive Alejandro Tengco...

Philippine Presidential Office Requests Regulatory Action To Improve The Country’s Image

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casinos of the Philippines, Gaming Industry News, Money Laundering, Online Gambling News, Asian Casino News, Philippines
After a series of cases affecting the reputation of the Philippine gambling stakeholders, the country's Presidential Office has made a move to improve the image of the national industry. As reported by Asian Ga...

Albee Benitez Makes A Plea To Galaxy Ent. To Reconsider Boracay Casino Project; Galaxy Ent. Not Interested

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines
Galaxy Entertainment Group Limited, the leading operator in Macau commented that is not weighting the possibility of starting anything in Boracay, an island in the Philippines, including a resort. The company a...

First Phase of Waterfront Manila Hotel & Casino to Be Completed by May 2024

Vanja Mitic
Casino News, Latest Casino and Gambling News, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Mergers, Acquisitions & Partnerships, Philippines
The works on the reconstruction of the Waterfront Manila Hotel and Casino complex are ongoing, and the first phase is expected to be completed in the middle of the next year. Back in 2018, the property was seri...

International Entertainment To Invest $1Billion In New Coast Hotel Manila Expansion

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, Casino News, Casino expansion projects, World Casino News, Hong Kong, Gaming Industry News, Casino project updates, Casinos of the Philippines, Employment & Careers, Licenses, Asian Casino News, Online Gambling News, Labor Relations, Philippines
Hong Kong-listed leisure enterprise International Entertainment Corp will reportedly invest between US$1.0 billion and US$1.2 billion into the development and establishment of a hotel and casino resort in Manil...

Pagcor To End Gaming Operations By 2025 To Exclusively Focus on Regulatory Work

Radosav Milutinovic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Employment & Careers, Conferences / Trade Shows, Asian Casino News, Online Gambling News, Philippines
Philippine Amusement and Gaming Corp (Pagcor) will terminate its operating functions by 2025 to exclusively focus on regulatory work. In the opening session of the recent IAG Academy Summit, regulator's chairma...

Delaware Court Ruled Okada Manila Out Of Merger Deal With 26 Capital

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, U.S.A., Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Casino moguls, Delaware, Asian Casino News, Online Gambling News, Conspiracy, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Philippines
The Delaware judge ruled on September 7, 2023 that Okada Manila, the largest casino in the Philippines, is not obliged to complete a special purpose acquisition company (SPAC) merger agreement with the US-based...
pagcor

PAGCOR’s Chairman and 9 Other Members Face Serious Allegations over the Missing Money

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Unsavory reports, Casinos of the Philippines, Gaming Industry News, Crime, Financial Fraud, Fines, Lawsuits & Litigation, Philippines
PAGCOR (Philippine Amusement and Gaming Corp.) is one more time in the middle of the scandal, which occurred when its chairman and nine other members were accused of graft.  The missing money: The Office ...
philippines

Second Richest Man in Philippines Builds Two New Casinos in Manila Region

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
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Vertex Entertainment and Resort Corp, owned by the second richest man in the Philippines, according to Forbes, is planning to open two new casinos in Manilla. The casinos are part of a bigger project, a huge re...

OKBet Unexpectedly Halts Operations; Shuts Down Every VIP Room In Philippines

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Hong Kong, Casino closures, Gaming Industry News, Money Laundering, Online Gambling News, Asian Casino News, Crime, Philippines, Singapore
OKBet Infinity Inc, a flagship online gaming and junket operator, has halted its operations along and shut down its VIP rooms in the Philippines without prior notice. Decision made by the Board of Directors:...

PAGCOR Privatization Expected to Bring $1.1Billion to the Philippines; POGOs Facing License Revocation

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Unlicensed Operation, Asian Casino News, Online Gambling News, Taxation, Philippines
The privatization of a chain of the state-owned casinos proposed by Pagcor's Chairman and CEO Alejandro Tengco and approved by the Philippine President Ferdinand Marcos Jr is expected to raise PHP60 billion (US...