Megaworld Corporation | World Casino News

Resorts World Manila operator chalks up $23 million first-quarter loss

May 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 operator behind the Resorts World Manila property has reportedly released its first-quarter financial results showing a net deficit of about $23 million owing to the impacts of the co...

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...

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...

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...

Suncity Group inks operations deal for coming Resorts World Westside City

Adam Morgan

October 29, 2019

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

Prominent Asian junket firm, Suncity Group, has reportedly inked a multi-layered agreement that is to see it become largely responsible for operating the main casino and hotel inside the Philippines’ coming Res...

First-quarter results highlight the importance of Entertainment City

Adam Morgan

May 17, 2019

Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Philippines

The gaming industry in the Philippines reportedly recorded aggregated first-quarter gross gaming revenues of just over $1.1 billion with the majority of this at around $756 million having come from the three La...

Theme park provision for Philippines’ coming NayonLanding

Adam Morgan

July 27, 2018

Latest Casino and Gambling News, New Hotels, Casino project updates, Licenses, Philippines

The Philippine Amusement and Gaming Corporation regulator has reportedly declared that Chinese real estate firm Landing International Development Limited will be required to open the theme park element of its N...

Provisional license for fifth Entertainment City integrated casino resort

Adam Morgan

July 26, 2018

Latest Casino and Gambling News, New Hotels, Casino project updates, Licenses, Philippines

Chinese real estate firm, Landing International Development Limited, has announced that one of its subsidiaries has been granted a provisional gaming license for the new integrated casino resort it is planning ...

Andrew Tan resigns as boss of Alliance Global Group Incorporated

Adam Morgan

June 5, 2018

Latest Casino and Gambling News, Employment & Careers, Philippines

In the Philippines, real estate development firm, Alliance Global Group Incorporated, has reportedly announced that Andrew Tan (pictured) has stepped down as its Chief Executive Officer to be replaced by his 38...

Developer increases budget for coming Resorts World Westside City

Adam Morgan

February 27, 2018

Latest Casino and Gambling News, Casino project updates, Philippines

In the Philippines, the local property developer behind the under-construction Resorts World Westside City integrated casino resort has reportedly revealed that it will spend an additional $1.03 billion on the ...