Philippines

Philippines’ Gaming Industry Thrives Amid Offshore Gaming Clampdown

Vanja Mitic
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
The Philippine gaming sector has demonstrated remarkable resilience and growth, posting a significant 25% increase in Gross Gaming Revenue (GGR) to Php410 billion in 2024, despite the stringent regulatory measu...

Melco Resorts Evaluates Strategic Alternatives for City of Dreams Manila

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines
Melco Resorts & Entertainment Limited, a prominent player in the integrated resort sector in Asia and Europe, is currently assessing various strategic alternatives for its Philippine venture, City of Dreams...

Philippines Boosts AML Efforts Post-FATF Delisting, Eyes iGaming Risks

Vanja Mitic
Cryptocurrency, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Philippines
The Philippines has marked a significant advancement in its financial oversight mechanisms by exiting the Financial Action Task Force's (FATF) gray list, a move that reflects its strengthened anti-money launder...

Philippines Exits FATF’s ‘Grey List’, Enhancing Global Financial Standing

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Philippines
The Financial Action Task Force (FATF) has officially announced the removal of the Philippines from its 'grey list'—a roster of countries under increased scrutiny due to deficiencies in their financial systems....

Major Renovation Set for New Coast Hotel Manila to Boost Casino and Hotel Operations

Vanja Mitic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines
In a significant move to enhance its casino and hotel services, International Entertainment Corp has announced a comprehensive PHP1.47 billion (US$25.5 million) renovation plan for its New Coast Hotel Manila, P...

DigiPlus Interactive Seeks Local Partner for Online Gaming Expansion in Brazil

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Brazil, Technology, Gaming Industry News, Mobile gaming, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Philippines
DigiPlus Interactive Corp., a Philippine-based gaming company, is actively seeking a local strategic partner to help launch its online gaming operations in Brazil. The company was granted a license to operate s...

PAGCOR Shuts Down Two Underperforming Casino Filipino Locations

Vanja Mitic
Casino News, Latest Casino and Gambling News, World Casino News, Casino closures, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Employment & Careers, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has decided to close two of its Casino Filipino gaming sites due to persistent financial losses. The closures are part of the agency's ongoing rationaliz...

PAGCOR Reports Historic Financial Growth in 2024, Surpassing PHP 112 Billion in Revenue

Vanja Mitic
Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has achieved an exceptional financial milestone, reporting an all-time high of PHP 112 billion in revenue for 2024. This figure marks a significant 41% i...

PAGCOR Cuts E-Games Fees to Strengthen Legal Market

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Taxation, Licensing, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a further reduction in Electronic Games (E-Games) fee rates, bringing them down from 35% to 30% effective January 1, 2025. This decision is...

Former Bamban Mayor Alice Guo Charged with 62 Counts of Money Laundering Linked to POGO Scandal

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Crime, Financial Fraud, Fines, Lawsuits & Litigation, Philippines
Former Bamban, Tarlac Mayor Alice Guo, alongside 31 co-defendants, now faces a total of 62 money laundering charges. The charges stem from their involvement in an illicit Philippine Offshore Gaming Operator (PO...

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casino closures, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
The Clark Development Corporation (CDC) has issued a cease-and-desist order against Fontana Development Corporation (FDC) and Fontana Resort and Country Club Inc. (FRCCI), halting all operations of the Fontana ...