Philippines | World Casino News

PhilWeb Corporation shares offered to Philippines government

August 18, 2016

Latest Casino and Gambling News, Licenses, Online Gambling News, Philippines

The majority shareholder of Philippine online games developer PhilWeb Corporation has offered to donate most of his stake to the nation’s gaming regulator in an effort to save the firm and safeguard the jobs of...

Philippine regulator unlikely to reverse PhilWeb Corporation decision

Adam Morgan

August 17, 2016

Latest Casino and Gambling News, Licenses, Online Gambling News, Philippines

Hopes of salvaging the future of Philippine "online" games developer PhilWeb Corporation seem to be at an end after the nation’s regulator revealed that it was not likely to reconsider an earlier decision not t...

Resorts World Manila operator reports $13.7 million profit in second quarter and confirms expansion plans

Renee Kingsley

August 16, 2016

Latest Casino and Gambling News, Casino expansion projects, Philippines, Financial Press Releases

The Alliance Global Group in the Philippines and Genting Bhd in Malaysia created a joint venture company called the Travellers International Hotel which was responsible for operating the Resorts World Manila ca...

Bangladesh central bank withholding results of investigation into cyber theft

Adam Morgan

August 15, 2016

Latest Casino and Gambling News, Hacking, Money Laundering, Philippines

The central bank of Bangladesh has revealed that it is withholding the findings of an investigation into a February cyber theft that netted criminals around $81 million in order to avoid tipping off the “foreig...

Bloomberry Resorts Corporation returns to profitability

Adam Morgan

August 13, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Philippine casino operator Bloomberry Resorts Corporation has published its unaudited consolidated financial results for the first six months of 2016 showing a return to profitability thanks to record highs in ...

Tax holiday set to end for Entertainment City casinos

Adam Morgan

August 13, 2016

Latest Casino and Gambling News, Taxation, Philippines

After previously taking aim at the online gambling sector, the administration of newly-elected Philippine President Rodrigo Duterte has now turned his attention to the nation’s land-based casino industry by ann...

PAGCOR now looking into CEZA-licensed online operators

Sadonna Price

August 12, 2016

Latest Casino and Gambling News, Philippines

The online gambling woes continue in the Philippines as operators may not be safe from the efforts to ban the activity by President Rodrigo Duterte. Yesterday, the Philippine Amusement and Gaming Corp (PAGCOR) ...

Roberto Ongpin auctioning his controlling stake in PhilWeb Corporation

Adam Morgan

August 11, 2016

Latest Casino and Gambling News, Online gambling regulation, Online Gambling News, Philippines

In a latch ditch effort to save Philippine online games developer PhilWeb Corporation, businessman Roberto Ongpin has announced that he will be holding an auction for the 53.76% stake he holds in the enterprise...

PhilWeb Corporation begins winding up operations

Adam Morgan

August 10, 2016

Latest Casino and Gambling News, Online gambling regulation, Online Gambling News, Philippines

After the government announced plans earlier this month that could see it revoke up to 626 further online gaming licenses, Philippines online games developer PhilWeb Corporation has revealed that it has begun w...

Belle Corporation benefits from City Of Dreams Manila success

Adam Morgan

August 9, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Philippines real estate and gaming firm Belle Corporation has released its financial results for the first six months of 2016 showing an over 9.5% increase year-on-year in net profit to $19.54 million. A sub...

Thousands of jobs lost if PhilWeb license pulled: Updated — license will not be renewed

Sadonna Price

August 8, 2016

Latest Casino and Gambling News, Gaming Industry News, Licensing, Philippines

This just in: Bloomberg reports that Pagcor will not renew Philweb's license. “We won’t cancel it but we won’t renew it,” Philippine Amusement and Gaming Corp. Chief Executive Officer Andrea Domingo told the me...

Philippines Bank forced to pay largest fine in the country’s history for role in Bangladesh heist

Renee Kingsley

August 7, 2016

Latest Casino and Gambling News, Money Laundering, Fines, Lawsuits & Litigation, Philippines

Rizal Commercial Banking Corp (RCBC) in the Philippines made the news earlier this year for its role in the $81 million heist from Bangladesh’s central bank. The funds were hacked from the central bank’s accoun...

Okada Manila seeking to fill 8,000 positions

Sadonna Price

August 5, 2016

Latest Casino and Gambling News, Casino project updates, Philippines

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The SMX Convention Center of Pasay City hosted a job fair for the new Okada Manila, a casino resort that is expected to open this November. The job fair was hosted in an effort to recruit as many as 8,000 indiv...

Philippines regulator revokes 124 online gambling licenses

Adam Morgan

August 1, 2016

Latest Casino and Gambling News, Online Gambling News, Licensing, Philippines

As it steps up efforts to stop operations that cater to local players, the Philippine Amusement And Gaming Corporation has reportedly revoked 124 online gaming licenses over the past month and intends to deny u...

Changes in Japan’s political environment brings casino legislation once again to the forefront

Renee Kingsley

July 30, 2016

Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Japan, Licenses, Macau, Asian Casino News, Philippines, South Korea

Gaming analysts believe that Japan is in a great position to benefit from legalizing the casino industry and Union Gaming analyst Grant Govertsen recently confirmed that a change in the country’s political envi...

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PhilWeb Corporation shares offered to Philippines government

Philippine regulator unlikely to reverse PhilWeb Corporation decision

Resorts World Manila operator reports $13.7 million profit in second quarter and confirms expansion plans

Bangladesh central bank withholding results of investigation into cyber theft

Bloomberry Resorts Corporation returns to profitability

Tax holiday set to end for Entertainment City casinos

PAGCOR now looking into CEZA-licensed online operators

Roberto Ongpin auctioning his controlling stake in PhilWeb Corporation

PhilWeb Corporation begins winding up operations

Belle Corporation benefits from City Of Dreams Manila success

Thousands of jobs lost if PhilWeb license pulled: Updated — license will not be renewed

Philippines Bank forced to pay largest fine in the country’s history for role in Bangladesh heist

Okada Manila seeking to fill 8,000 positions

Philippines regulator revokes 124 online gambling licenses

Changes in Japan’s political environment brings casino legislation once again to the forefront

ESPN Bet Expands into Washington D.C., Marking Another Milestone in Nationwide Rollout

Virginia’s Online Gambling Proposal Shelved for Further Review

High-Stakes Lawyer Faces Tax Evasion and Gambling Debt Charges

Queensland Premier Signals Tough Stance on Star Entertainment Amid Financial Crisis

Gambling Commission Issues Warning on Licensed Games Found on Illegal Sites