Philippines

International Entertainment To Invest $1Billion In New Coast Hotel Manila Expansion

Radosav Milutinovic
Casino News, Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Hong Kong, Gaming Industry News, Casino project updates, Casinos of the Philippines, Employment & Careers, Licenses, Asian Casino News, Online Gambling News, Labor Relations, Philippines
Hong Kong-listed leisure enterprise International Entertainment Corp will reportedly invest between US$1.0 billion and US$1.2 billion into the development and establishment of a hotel and casino resort in Manil...

Singapore Police Seized $1.8 Billion in the Anti-Money Laundering Blitz

Radosav Milutinovic
Turkey, Cambodia, Latest Casino and Gambling News, Casino Destinations, China, World Casino News, Gaming Industry News, Cyprus, Money Laundering, Economy/Finance, Online Gambling News, Dominican Republic, Crime, Philippines, Singapore, Switzerland
The biggest anti-money laundering case in Singapore has resulted in the seizure of assets worth almost S$2.4 billion ($1.76 billion) following the simultaneous raid of 400 police officers in the city that broug...

Pagcor To End Gaming Operations By 2025 To Exclusively Focus on Regulatory Work

Radosav Milutinovic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Employment & Careers, Conferences / Trade Shows, Asian Casino News, Online Gambling News, Philippines
Philippine Amusement and Gaming Corp (Pagcor) will terminate its operating functions by 2025 to exclusively focus on regulatory work. In the opening session of the recent IAG Academy Summit, regulator's chairma...

Delaware Court Ruled Okada Manila Out Of Merger Deal With 26 Capital

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, U.S.A., Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Casino moguls, Delaware, Asian Casino News, Online Gambling News, Conspiracy, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Philippines
The Delaware judge ruled on September 7, 2023 that Okada Manila, the largest casino in the Philippines, is not obliged to complete a special purpose acquisition company (SPAC) merger agreement with the US-based...
pagcor

PAGCOR’s Chairman and 9 Other Members Face Serious Allegations over the Missing Money

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Casinos of the Philippines, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
PAGCOR (Philippine Amusement and Gaming Corp.) is one more time in the middle of the scandal, which occurred when its chairman and nine other members were accused of graft.  The missing money: The Office ...
philippines

Second Richest Man in Philippines Builds Two New Casinos in Manila Region

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
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Vertex Entertainment and Resort Corp, owned by the second richest man in the Philippines, according to Forbes, is planning to open two new casinos in Manilla. The casinos are part of a bigger project, a huge re...

OKBet Unexpectedly Halts Operations; Shuts Down Every VIP Room In Philippines

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Hong Kong, Casino closures, Gaming Industry News, Money Laundering, Asian Casino News, Online Gambling News, Crime, Philippines, Singapore
OKBet Infinity Inc, a flagship online gaming and junket operator, has halted its operations along and shut down its VIP rooms in the Philippines without prior notice. Decision made by the Board of Directors:...

PAGCOR Privatization Expected to Bring $1.1Billion to the Philippines; POGOs Facing License Revocation

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Unlicensed Operation, Online Gambling News, Taxation, Asian Casino News, Philippines
The privatization of a chain of the state-owned casinos proposed by Pagcor's Chairman and CEO Alejandro Tengco and approved by the Philippine President Ferdinand Marcos Jr is expected to raise PHP60 billion (US...

PAGCOR Seeking Privatization By 2025 To Split Regulator and Operator Roles

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, World Casino News, Gaming Industry News, Casinos of the Philippines, Online Gambling News, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) is undertaking efforts to privatize 45 of its casinos by the third quarter of 2025, as reported by CNN. As the regulator's chair announced during the nat...

New Hotel-Casino Construction Project In Manila Arrives At Roof Level

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Philippines
In its second quarter 2023 earnings report submitted with the Philippine Stock Exchange on August 14, Suntrust Resort Holdings Inc. the company listed behind the new Philippines US$1.1 billion casino and hotel ...
megaworld

Megaworld’s New Hotel Complex in Westside City, Philippines, to Be Opened by the End of the Year

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, Casino openings, Casino project updates, Casinos of the Philippines, Gaming Industry News, Philippines
By the end of the year, the Philippine market will be enriched with another gaming facility. The new Grand Westside Hotel will be placed within the borders of Westside City in the popular Entertainment City in ...
pagcor

PAGCOR Launches Its Own Online Casino Under the Casino Filipino Brand at the Beginning of 2024

Vanja Mitic
Online gaming software, Casino News, Latest Casino and Gambling News, Casino expansion projects, Online gambling regulation, New online casinos, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Online Gambling News, Philippines
After the Philippine Amusement and Gaming Corporation (PAGCOR) experienced various issues with the offshore operators related to fighting against crime and finally succeeded in increasing its gaming income afte...

PAGCOR Gaming Income Up 35.6%; Philippine Industry GGR In First Six Months Of 2023 Rises To US$2.50 Billion

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Licensing, Financial Press Releases, Philippines
On July 20, the Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, revealed overnight that its rise in total profit by 35.6% in the first six months of 2023 to Php36.21 billio...

PAGCOR Extends Regulatory Framework to Online Casinos to Push Philippines Gaming Industry

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Online Poker, Poker, Unlicensed Operation, Licenses, Online Gambling News, Macau, Asian Casino News, Philippines
PAGCOR Chairman and CEO Alejandro Tengco has announced the extensive re-arrangement and upgrade of the Philippines’ gaming regulatory frameworks. The regulator will reportedly introduce standards to have online...