Tagged entertainment city

Summit Ascent Holdings Limited extends loan on Philippines casino

September 21, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

Asian casino operator Summit Ascent Holdings Limited has reportedly extended the maturity date on a $122.5 million loan it agreed with Filipino associate SunTrust Home Developers Incorporated in February. Ac...

Value of Manila casino stocks rise on the back of Duterte reconsideration

Adam Morgan

July 8, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Philippines

In the Philippines and the individual share prices for some of the nation’s largest casino operators have reportedly risen sharply following a dramatic change of heart from President Rodrigo Duterte (pictured)....

Okada Manila licensed to offer online gaming in the Philippines

Adam Morgan

April 27, 2021

Online gaming software, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Philippines

In the Philippines and the operator behind the giant Okada Manila integrated casino resort has reportedly announced that the property has just been licensed to offer online gaming to domestic punters. Accord...

Okada Manila records depressing first-quarter financials

Adam Morgan

April 19, 2021

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Philippines

In the Philippines and the operator behind the giant Okada Manila integrated casino resort has reportedly detailed that the 993-room property saw its first-quarter gross gaming revenues decrease by some 42% yea...

Nustar Resort and Casino expecting to open in the Philippines from 2022

Adam Morgan

April 16, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Taxation, Philippines

In the Philippines and local developer Universal Hotels and Resorts Incorporated has reportedly announced that its Nustar Resort and Casino is expected to begin opening sometime next year complete with a trio o...

Universal Entertainment Corporation cancels proposed Okada Manila land sale

Adam Morgan

March 31, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and the owner of the giant Okada Manila casino resort has reportedly announced the termination of a deal that was to have seen it sell an adjacent nine-acre plot of land for approximately $27...

Enrique Razon facing another Solaire Resort and Casino lawsuit

Adam Morgan

March 30, 2021

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Philippines

In the United States and the billionaire Chairman of Asian casino operator Bloomberry Resorts Corporation is reportedly facing a federal lawsuit over the cancellation of a deal that was to have seen Global Gami...

Suncity Group Holdings Limited disposes of interest in FOPM Group

Adam Morgan

March 26, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

The Philippines subsidiary of Asian casino investor Suncity Group Holdings Limited has reportedly sold off its remaining stake in the FOPM Group real estate business so as to better focus on a new gaming-friend...

Suncity Group Holdings Limited expecting to record full-year profit

Adam Morgan

March 23, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Asian casino investor Suncity Group Holdings Limited has reportedly announced that it expects to release its 2020 financials next week featuring a respectable full-year profit attributable to shareholders of ab...

Future operator of coming Resorts World Westside City venue incorporated

Adam Morgan

January 20, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and the majority-owned Suntrust Home Developers Incorporated subsidiary of Asian junket operator Suncity Group has reportedly established its own Suncity WC Hotel Incorporated enterprise to s...

Philippines casino industry posts encouraging third-quarter figures

Adam Morgan

November 25, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Philippines

In the Philippines and ongoing effects of the coronavirus pandemic reportedly pushed aggregated third-quarter gross gaming revenues for the nation’s land-based casino industry down by over 71% year-on-year to a...

Suncity Group agrees Resorts World Westside City construction contract

Adam Morgan

November 16, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and a subsidiary of Asian junket operator Suncity Group has reportedly inked an agreement that is to see Megawide Construction Corporation assist in building the first stage of its coming Res...

Okada Manila disappointment for Universal Entertainment Corporation

Adam Morgan

November 13, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Game manufacturers, Economy/Finance, Philippines

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation is reportedly continuing to be adversely impacted by the coronavirus-induced drop in revenues from its Okada Manila inte...

Waterfront Philippines Incorporated to persevere with Entertainment City plan

Adam Morgan

November 2, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Fines, Lawsuits & Litigation, Philippines

In the Philippines and local hotel and casino operator Waterfront Philippines Incorporated has reportedly been granted permission to move forward with its plan to bring a new gambling-friendly property to Manil...

Belle Corporation counting the cost of coronavirus lockdown

Adam Morgan

October 23, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Philippines

Philippines real estate and gaming firm Belle Corporation has reportedly announced that its net income for the first nine months of 2020 has fallen by 96.4% year-on-year to approximately $1.91 million owning to...