Philippines | World Casino News

PhilWeb Corporation begins winding up operations

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, Asian Casino News, Macau, 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...

Oriental Paradise Casino ordered to close in the Philippines

Adam Morgan

July 28, 2016

Latest Casino and Gambling News, Casino closures, Philippines

In the Philippines, the operator of Oriental Paradise Casino has been ordered to close the facility after allegedly failing to comply with revenue-sharing rules set by the Subic Bay Metropolitan Authority. A...

Okada Manila head interested in Philippines infrastructure projects

Adam Morgan

July 25, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Philippines

Japanese casino mogul Kazuo Okada wants to participate in the development of more tourism-friendly infrastructure projects in the Philippines, including a new international airport being planned for Manila. ...

PAGCOR stirs social media debate over new five star hotel and casino development in Manila

Renee Kingsley

July 22, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Licenses, Philippines

The Philippine Amusement and Gaming Corporation (PAGCOR) had put out a request for proposal back in 2014 to open out a gambling facility at the historic Army Navy Club (ANC) complex in Manila. PAGCOR was lookin...

Business improves for Philippines casino operator

Adam Morgan

July 21, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement And Gaming Corporation has released its financial results for the first six months of 2016 showing a 2.5% increase year-on-year in net income to $51.9 million. The state-owned firm o...

Japanese Casino Tycoon Okada wants opportunity to develop airports in the Philippines

Renee Kingsley

July 21, 2016

Latest Casino and Gambling News, Casino openings, Japan, Philippines

Japanese billionaire Kazuo Okada is chairman for Universal Entertainment Corp and for its Philippines subsidiary Tiger Resort, Leisure and Entertainment, Inc which owns and will run the Okada Manila casino reso...

Manila Bay Resort to be called Okada Manila; $4b to be invested

Kim M

July 20, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Philippines

The official property name of Entertainment City’s most recent and largest integrated resort and casino in Parañaque (Metro Manila) in the Philippines is Okada Manila, announced developer Tiger Resort Leisure a...

Government officials and employees banned from casinos in the Philippines

Kim M

July 18, 2016

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

Andrea Domingo, recently appointed CEO of the Philippine Amusement and Gaming Corp (PAGCOR), has been ordered by President Rodrigo Duterte to strictly implement Presidential Decree No. 1067-B, which along with ...

PhilWeb granted interim one month online license; Stocks continue to fall

Lars Jones

July 11, 2016

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

Philippines state gambling regulator PAGCOR, has allowed a month to month license renewal for online gaming operator PhilWeb. Share prices for the Realtime Gaming Asia (RTG) e-gaming station provider were down ...

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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

Oriental Paradise Casino ordered to close in the Philippines

Okada Manila head interested in Philippines infrastructure projects

PAGCOR stirs social media debate over new five star hotel and casino development in Manila

Business improves for Philippines casino operator

Japanese Casino Tycoon Okada wants opportunity to develop airports in the Philippines

Manila Bay Resort to be called Okada Manila; $4b to be invested

Government officials and employees banned from casinos in the Philippines

PhilWeb granted interim one month online license; Stocks continue to fall

Philippines Exits FATF’s ‘Grey List’, Enhancing Global Financial Standing

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