Casinos of the Philippines

Philippine Senator Recommends Banning POGOs Within 3 Months

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, Casino News, Online gambling regulation, World Casino News, Gaming Industry News, Casinos of the Philippines, 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 Destinations, Casino News, Latest Casino and Gambling News, 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 News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines, Financial Press Releases
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, Gaming Industry News, Casinos of the Philippines, Hong Kong, Economy/Finance, Online Gambling News, Asian Casino 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
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, 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...
pagcor

Pagcor Interrogated Regarding Crimes of the POGOs Auditor

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Casino News, Online gambling regulation, Casino Cheating, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Unlicensed Operation, Licenses, Asian Casino News, Online Gambling News, Crime, Licensing, Fines, Lawsuits & Litigation, Philippines
Philippine Offshore Gaming Operators’ revenues had to be monitored by the third-party auditor, and it’s not uncommon - but what is surprising is that the third-party auditor doesn’t possess the business permit....

Travel restrictions ahead of Chinese New Year impact Chinese gambling destinations

Radosav Milutinovic
Casino News, Casino Destinations, Latest Casino and Gambling News, China, Casino reviews from Macau, World Casino News, Gaming Industry News, Hong Kong, Casinos of the Philippines, Japan, Asian Casino News, Macau, Online Gambling News, Malaysia, Philippines, Singapore, South Korea, Vietnam
Beijing states that various countries are ''taking discriminatory entry restriction measures targeting China” after the country saw a rapid decline in COVID-19 cases and opened up to foreign countries. Chinese ...
philippines

Privatization of Philippines Casinos Gains Secretary’s Support

Vanja Mitic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Labor Relations, Philippines
Benjamin Diokno, the Philippines' Department of Finance Secretary, announced the plans for the Philippines casinos. The plans for privatization have been recently resurrected, and PAGCOR is about to privatize t...

Philippines casino industry projected to achieve $10 billion in GGR by 2027

Marija Malenovic
Latest Casino and Gambling News, Casino News, Casino expansion projects, World Casino News, New Hotels, Casino openings, New online casinos, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
With the opening of new casinos, the Philippines casino industry will achieve GGR of 10 billion dollars by 2027, doubling its revenues in just 5 years, according to analysts from GCG Gaming Advisory Services, a...

Megaworld Arranges $261 million Financing of new Winford casino project: Metro Manila

Marija Malenovic
Gaming Law & Legislation, Casino proposals, Latest Casino and Gambling News, Casino News, World Casino News, New Hotels, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Asian Casino News, Online Gambling News, Licensing, Philippines
One of the biggest property developers in the Philippines, Megaworld Corporation, part of Aliance Global Group Inc., has signed a 261 mllion dollar (PHP 15 billion) investment agreement with Winford Resort for ...

Local Demand led Bloomberry to 89% yearly GGR growth in 3Q22

Marija Malenovic
Latest Casino and Gambling News, Casino News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines, South Korea
During the past 3 months until September 30th, 2022, Bloomberry Resorts Corporation's, a leading developer of tourist facilities, casino entertainment, hotel and amusement-themed projects, gross gaming revenue ...

PAGCor orders two locally-licensed iGaming enterprises to close

Adam Morgan
Latest Casino and Gambling News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Unlicensed Operation, Online Gambling News, Crime, Licensing, Philippines
The gaming regulator for the Philippines has reportedly ordered a pair of locally-licensed iGaming firms to close after detaining 140 members of their staffs who were suspected of having been kidnapped and forc...