Philippines

Aristocrat Opens First Dedicated Gaming Showroom in Manila

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Australia, Casino News, World Casino News, Online gambling regulation, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Asian Casino News, Oceania Casino News, Philippines
Australian gaming machines and iGaming innovator, Aristocrat Leisure Ltd, reportedly opened “the first dedicated gaming showroom” in the Philippines. As GGRAsia reports, the gaming facility is part of Aristocra...

Pagcor Doubled Net Income in Q1 on 50% Revenue Growth

Radosav Milutinovic
Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, reported that its net income for the first quarter of 2023 amounted to approximately PHP1.34 billion (US$24.0 million). ...
pagcor

Pagcor’s Fight Against Illegal Betting in the Philippines

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Unlicensed Operation, Online Gambling News, Crime, Philippines
The illegal gambling scene is expanding in the Philippines. The authorities are fighting against that with all possible weapons, and the last was a warning that was issued by the Philippine gaming regulator.  ...

Bloomberry Develops Third Solaire Resort in Cavite in the Philippines

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino expansion projects, New Hotels, Casinos of the Philippines, Gaming Industry News, Casino project updates, Casino moguls, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines, South Korea
The casino operator Bloomberry Resorts Corp., owned by casino mogul Enrique Razon, announced the development of the third casino project upon the launch of its Solaire Resort North in Quezon City in the Philipp...

Philippine Senator Recommends Banning POGOs Within 3 Months

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Licenses, Online Gambling News, Asian Casino News, Taxation, Crime, Licensing, Taxes, Philippines
Philippine Senator Sherwin Gatchalian, chairman of the Senate’s Committee on Ways and Means, recommended the country's government to officially shut down Philippine Offshore Gaming Operators (POGOs), which are ...

AMLC Study Reveals Unknown Number Of Phillipine Junket Operators’ Failure to Report Suspicious Transactions

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Money Laundering, Asian Casino News, Conspiracy, Crime, Philippines
The Philippine Anti-Money Laundering Council (AMLC) has officially released a study on suspicious transactions connected with casino junkets, which revealed many examples of junket operators who didn’t report c...
bloomberry

Deal with PH Resorts Group Terminated by Bloomberry Resorts Corp

Vanja Mitic
Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
It was announced on Wednesday that Solaire Resort’s parent company, Bloomberry Resorts Corp, terminated the deal related to acquiring a stake in integrated resort developments in Cebu and Clark, owned by PH Res...

Philippine Gross Gaming Revenue Grew by 91 Percent in 2022 Over the Previous Year

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
The Philippine casino sector continued growth in the fourth quarter of 2022 to generate almost PHP56.01 billion (US$1.02 billion) in gross gaming revenue (GGR) as of December 31. This level exceeds the third qu...

Local Demand Drove Bloomberry To 84% yearly GGR Growth in 4Q22

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
Bloomberry Resorts Corporation, a gaming, entertainment, tourism and hotel holding company based in Phillipines, has publicly announced a net profit of Php1.1 billion, which is approximately 20.0 million US dol...

Universal Entertainment Reaches US$87 Million Profit in 2022 Driven by Phillipine Vertical Recovery

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Financial Press Releases, Philippines
Universal Entertainment Corp (UE), a leading Japanese casino corporation, achieved an US$86.5 million profit for the last year ending on 31 December 2022 after a loss amounting to US$144 million sustained in 20...

SPAC Company 26 Capital Initiates Legal Action Against Okada Manila Subsidiaries for Failure to Accurately Fulfill Merger Obligations

Marija Malenovic
Latest Casino and Gambling News, Casino News, Casino Destinations, U.S.A., North America Casino News, World Casino News, Hong Kong, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Philippines
On Thursday, February 2, 26 Capital Acquisition Corp., one of the US-based special purpose acquisition company (SPAC) and the most distant parent company of Okada Manila, filed legal action in a Delaware Court ...