Philippines | World Casino News

Universal Entertainment confirms Okada Manila Phase 1 Opening For December 2016

November 15, 2016

Latest Casino and Gambling News, Casino openings, Casino project updates, Philippines

Universal Entertainment which is led by Japanese tycoon Kazuo Okada recently confirmed that their $2.4 billion Okada Manila casino resort in the Philippines will open before the end of December 2016. The multi-...

Philippines President says lack of manpower preventing his government from cracking down on illegal gambling

Renee Kingsley

November 9, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Unlicensed Operation, Philippines

Rodrigo Duterte, the President of the Philippines has created a lot of controversy within the first year of his rule as his government looks to crackdown on corruption, wage war on narcotics and clean up the co...

$15 million returned to Bangladesh from $81m stolen in cyber heist

Lars Jones

November 8, 2016

Latest Casino and Gambling News, Money Laundering, Financial Fraud, Philippines

A team from the Bangladesh Bank was in Manila Monday to start the process of moving some of the $81 million pilfered from its New York Federal Reserve in February back the central bank in Bangladesh, according ...

Belle Corporation terminates revenue sharing agreement with LRWC

Adam Morgan

November 7, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Philippines

Philippines real estate and investments firm Belle Corporation has announced the termination of its revenue sharing agreement with retail gaming operator Leisure And Resorts World Corporation. According to a...

Casinos in the Philippines set to benefit as the country’s relationship with China continues to improve

Renee Kingsley

November 5, 2016

Latest Casino and Gambling News, China, Philippines

The Philippines and China have not had the best of relationships in the past, but things are looking better for both countries after Philippine’s president Rodrigo Duterte visit to China in October. Philippine ...

Belle Corporation to invest in proposed Manila airport project

Adam Morgan

November 4, 2016

Latest Casino and Gambling News, Philippines

In the Philippines, local investment vehicle Belle Corporation revealed this week that it has agreed to join a consortium hoping to build a new international airport on reclaimed land near the southwest suburbs...

Casinos in the Philippines will have to report all suspicious financial transactions if House Bill 14 is approved

Renee Kingsley

November 2, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Philippines

The Philippines has continued to tighten financial regulations on the casino industry in an effort to stop money laundering activities in the country. Rep. Feliciano Belmonte Jr from Quezon City recently introd...

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Kim M

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Philippines

The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from paying a corporate tax, imposed by the Bureau of Internal R...

Philippines operator reports improved nine-month net income

Adam Morgan

October 29, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement and Gaming Corporation has released its financial results for the nine months to the end of September showing that it achieved a 0.32% increase year-on-year in net income to $65.91 mill...

Eleven charged over controversial Manila casino land deal

Adam Morgan

October 25, 2016

Latest Casino and Gambling News, Crime, Fines, Lawsuits & Litigation, Philippines

In the Philippines, an anti-graft and corruption watchdog has lodged a formal complaint against Cristino Naguiat, the former Chairman and Chief Executive Officer for the Philippine Amusement And Gaming Corporat...

Filipinos may get local e-gaming cafes back

Sadonna Price

October 11, 2016

Latest Casino and Gambling News, Gaming Industry News, Philippines

After putting PhilWeb, a top gaming technology provider based in the Philippines, through the ringer, the country has finally decided to stop a war against iGambling. The government has fought the industry for ...

PAGCOR confirms that 76 operators have applied for offshore gaming licenses

Renee Kingsley

October 11, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Licenses, Philippines

The Philippine Amusement and Gaming Corp (Pagcor) announced in September that it would be awarding offshore gaming licenses to allow operators to offer online casino games and sports betting services in the cou...

Okada Manila soft launch delay due to bad weather

Alex Lanter

October 10, 2016

Latest Casino and Gambling News, Casino project updates, Philippines

The 110 acres (44 hectar) casino and hotel resort in Entertainment City, Manila, the Okada Manila, will delay its November soft opening, according to local news reports. The $2.4 billion investment was supposed...

PhilWeb Corporation intends to “reapply” for operating licenses

Adam Morgan

October 7, 2016

Latest Casino and Gambling News, Licenses, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines, online games developer PhilWeb Corporation has reportedly announced that it intends to “reapply” for licenses to operate its network of e-Games parlors. According to a report from GGRAsia...

FATF may blacklist Philippines if casinos are not covered by AMLA

Sadonna Price

October 4, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Philippines

The Financial Action Task Force is considering blacklisting the Philippines if the government does not include casinos within the Anti-Money Laundering Act. Known as the AMLA, the Anti-Money Laundering Council ...

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Universal Entertainment confirms Okada Manila Phase 1 Opening For December 2016

Philippines President says lack of manpower preventing his government from cracking down on illegal gambling

$15 million returned to Bangladesh from $81m stolen in cyber heist

Belle Corporation terminates revenue sharing agreement with LRWC

Casinos in the Philippines set to benefit as the country’s relationship with China continues to improve

Belle Corporation to invest in proposed Manila airport project

Casinos in the Philippines will have to report all suspicious financial transactions if House Bill 14 is approved

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Philippines operator reports improved nine-month net income

Eleven charged over controversial Manila casino land deal

Filipinos may get local e-gaming cafes back

PAGCOR confirms that 76 operators have applied for offshore gaming licenses

Okada Manila soft launch delay due to bad weather

PhilWeb Corporation intends to “reapply” for operating licenses

FATF may blacklist Philippines if casinos are not covered by AMLA

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