Philippines | World Casino News

Philippines iGaming industry facing potential tax shake-up

February 10, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and a proposal is reportedly making its way through the legislative process that could soon oblige all locally-licensed iGaming operators to pay up to a 5% tax on their gross gaming revenues....

HatchAsia Incorporated completes takeover of Silver Heritage Group Limited

Adam Morgan

January 25, 2021

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

Some eight months after being placed into administration by its main lender and Asian casino operator Silver Heritage Group Limited has now reportedly been officially purchased by Philippines enterprise HatchAs...

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 Holdings Limited unveils Hoiana second phase schedule

Adam Morgan

January 6, 2021

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Philippines, Russia, Vietnam

Asian junket operator Suncity Group Holdings Limited has reportedly announced that it intends to begin construction on the second phase of its $4 billion Hoiana integrated casino resort from sometime later this...

Under-construction Emerald Bay Resort and Casino passes ‘significant milestone’

Adam Morgan

December 7, 2020

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Philippines

In the Philippines and casino operator PH Resorts Group Holdings Incorporated has reportedly announced that it has ‘topped off’ the two hotel towers for its envisioned Emerald Bay Resort and Casino. Accordin...

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...

Melco Resorts and Entertainment Limited records third-quarter deficit

Adam Morgan

November 6, 2020

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

Asian casino operator Melco Resorts and Entertainment Limited has reportedly again followed many of its rivals in recording an overall loss for the three months to the end of September owing to the continuing f...

PAGCor approves iGaming move for Manila integrated casino resorts

Adam Morgan

November 3, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Casino openings, New online casinos, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Philippines

In the Philippines and the nation’s gaming regulator has reportedly informed Manila’s four giant land-based integrated casino resorts that they may now begin accepting online bets so as to help mitigate their c...

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...

Subic Bay Freeport Zone losing its remaining POGO license holders

Adam Morgan

November 2, 2020

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Taxes, Philippines

The three remaining firms holding a Philippine Offshore Gaming Operator (POGO) license in the Subic Bay Freeport Zone are reportedly closing down due to the economic fallout associated with the ongoing coronavi...

PAGCor continuing to count the cost of coronavirus closures

Adam Morgan

October 28, 2020

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

The Philippine Amusement and Gaming Corporation (PAGCor) has reportedly announced that its aggregated gross gaming revenues for the first nine months of the year dropped by 60% on a comparative basis to around ...

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...

Coronavirus repercussions for Sega Sammy Creation Incorporated

Adam Morgan

October 12, 2020

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Game manufacturers, Economy/Finance, Japan, Asian Casino News, Macau, Philippines, Vietnam

Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that its Sega Sammy Creation Incorporated subordinate has recorded a loss of approximately $14.8 million for its most recen...