Philippines

Japan’s Universal Entertainment Reports $69M Loss Amid Okada Manila Weakness

Japan’s Universal Entertainment Corp recorded a significant downturn in the first half of 2025, posting a net loss of JPY9.87 billion ($69 million). The setback was primarily linked to underwhelming performance...

Philippines’ Wealthiest Entrepreneurs Maintain Top Spots, With Casino Tycoons Holding Strong Rankings

The latest rankings of the Philippines' wealthiest entrepreneurs, as compiled by Forbes for 2025, reveal that the Sy siblings, Enrique Razon Jr., and Manuel Villar continue to lead the pack. Despite the ongoing...

Philippines’ Online Gaming Surges Past ₱114B, Now Dominates Industry Revenues

The Philippine gaming industry saw a major shift in the first half of 2025 as the online gaming segment surged to unprecedented heights, surpassing traditional casino earnings for the first time. According to t...

Marcos Leaves Online Gambling Unaddressed in 2025 SONA

In a move that surprised some and reassured others, Philippine President Ferdinand “Bongbong” Marcos Jr. made no mention of online gambling during his 2025 State of the Nation Address (SONA), despite widespread...

Senator “Bong” Go Seeks Total Online Gambling Ban in Philippines

Senator Christopher “Bong” Go has introduced legislation that would outlaw online gambling across the Philippines, citing the growing toll it takes on families, financial stability, and mental health. On July 1...

Philippine Central Bank Proposes Tighter Oversight for Online Gambling Payments

The Bangko Sentral ng Pilipinas (BSP) is advancing a plan to implement stricter regulations on digital payment services used in online gambling, citing concerns over consumer protection, financial health, and r...

Solaire, Okada, Newport Defend Online Gaming Practices in Joint Statement

Three of the Philippines' leading integrated casino-resort operators—Solaire Resort, Newport World Resorts, and Okada Manila—have publicly defended their online gaming operations in response to intensifying scr...

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

The Philippine online gambling industry has been jolted by renewed legislative efforts that have triggered steep market sell-offs and intensified regulatory uncertainty. Stocks tied to the sector—particularly t...

City of Dreams Sri Lanka to Open in August 2025: A New Era for Tourism and Luxury

The much-anticipated City of Dreams Sri Lanka is set to officially open on August 2, 2025, marking a pivotal moment in Sri Lanka's tourism sector. This $1.2 billion integrated resort, developed through a partne...