Philippines | World Casino News

Cruise ship numbers and profits rise for Genting Hong Kong

August 24, 2015

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Philippines

Genting Hong Kong Limited, a gaming operator that runs casino cruise ships as well as a casino gaming developer in the Philippines, recorded a net profit rise by 898 percent year-on-year in the first half of 20...

Bernstein report states that mass gambling can help Macau’s casino industry to recover

Renee Kingsley

August 22, 2015

Asian Casino News, Macau, Philippines, South Korea

Macau’s casino industry has been in decline for the past 18 months with gambling revenue for Macau’s top six casinos falling 40% in the first half of 2015. Industry experts predict that decline to continue thro...

Leisure and Resorts World Corp. reports increased first half net profit by 50%

Alex Lanter

August 21, 2015

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Philippines

Gaming company Leisure and Resorts World Corp (LRWC) reported an increased net profit by 50 percent to P454 million year-on-year in the first semester. In a press release on Tuesday, the company said that net p...

PAGCOR approves new casino to replace historic Manila Army and Navy Club

Renee Kingsley

August 17, 2015

Casino proposals, Gaming Law & Legislation, Gaming Industry News, Licenses, Macau, Asian Casino News, Philippines

The casino industry in the Philippines has been growing at a rapid pace as the ruling government wants to encourage gambling establishments to set up operations in the country and capitalize on the collapse of ...

Gaming in Philippines is losing its winning streak; Pagcor says no worries

Alex Lanter

August 17, 2015

Latest Casino and Gambling News, Asian Casino News, Philippines

Despite the fact that the gambling companies in the Philippines are on a losing streak due to increasing costs resulting from business expansion, Pagcor, the Philippine Amusement Gaming Corp, said in the local ...

Higher costs continue Bloomberry slide in second quarter

Alex Lanter

August 17, 2015

Latest Casino and Gambling News, Asian Casino News, Philippines

Bloomberry Resorts Corp reported a net loss for the second quarter of 2015, just like it did for the first three months of the year. This operator is best known as the owner of Solaire Resorts and Casino in Man...

Beijing launches operation Chain Break to crack down on casino promoters

Sam Mitchell

August 12, 2015

Latest Casino and Gambling News, China, Macau, Philippines, South Korea

August 11, 2015—Berstein Research shows the Chinese government is cracking down on all junket operators, including agents trying to promote other Asian casino destinations. Over the weekend, the Chinese governm...

Stagnant gaming business means layoffs for City Of Dreams Manila

Kim M

August 10, 2015

Latest Casino and Gambling News, World Casino News, Economy/Finance, Macau, Philippines

After celebrating the “Grand Launch” of its new integrated casino resort in February of this year, the $1.3 billion City of Dreams Manila, a joint venture between Macau’s Melco Crown Entertainment and the Belle...

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Lars Jones

August 8, 2015

China, Money Laundering, Bribery, Financial Fraud, Philippines

Philippine Secretary of Justice Leila De Lima re-issued a deportation order on Tuesday for the alleged gambling kingpin from China, Bo Wang. Thursday morning he left the country from Ninoy Aquino International ...

Kazuo Okada’s $2.2 billion financing plan moves Manila Bay Resorts towards completion

D. Graham

August 1, 2015

Latest Casino and Gambling News, Casino project updates, Hong Kong, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines

Self-made Japanese billionaire Kazuo Okada has increased his investment assurance to $2 billion U.S. towards completing phase one of the integrated Manila Bay Resorts casino and entertainment complex. The Phili...

Rector wants PAGCOR to remit 3.9 billion pesos for PAGASA modernization

Renee Kingsley

July 7, 2015

Gaming Industry News, Technology, Asian Casino News, Racketeering, Philippines

The casino industry in the Philippines has grown considerably over the last 18 months and is expected to generate a significant amount of gaming tax revenue for the country. One of the biggest threats to the Ph...

Monday last day of Hong Kong trading for Melco Crown

Lars Jones

June 28, 2015

Latest Casino and Gambling News, Hong Kong, Economy/Finance, Macau, Philippines

In early January Melco Crown Entertainment Limited announced they would be de-listing their shares from the Hong Kong stock exchange (HKSE). In late March it was announced that shareholders had overwhelmingly a...

Okada’s Universal Entertainment sued for US$3.42 billion by shareholder

Lars Jones

June 27, 2015

Latest Casino and Gambling News, World Casino News, Japan, Bribery, Fines, Lawsuits & Litigation, Philippines

According to a filing with the Japanese stock exchange as reported on Asian news outlet GGRAsia, Universal Entertainment Corp shareholder, Tsuyoshi Hosoba, is suing for damages related to Wynn Resorts Ltd.'s ca...

Seventeen casinos scheduled to open before 2020 in Asia Pacific

Renee Kingsley

June 22, 2015

Cambodia, Latest Casino and Gambling News, Australia, Casino News, China, New Zealand, Japan, Macau, Asian Casino News, Malaysia, Oceania Casino News, Nepal, Philippines, Russia, Singapore, South Korea, Vietnam

The gambling industry in Asia continues to grow at a rapid pace and gambling establishments are not wasting any time in expanding their presence throughout the Asia Pacific region. As many as seventeen casinos ...

DreamPlay by DreamWorks officially opens at City of Dreams Manila

Lars Jones

June 13, 2015

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

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Official opening ceremonies were held on June 12 for the family entertainment destination at City of Dreams Manila. Attending were Mr. Lawrence Ho, co-chairman and CEO of Melco Crown Entertainment and DreamWork...

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Cruise ship numbers and profits rise for Genting Hong Kong

Bernstein report states that mass gambling can help Macau’s casino industry to recover

Leisure and Resorts World Corp. reports increased first half net profit by 50%

PAGCOR approves new casino to replace historic Manila Army and Navy Club

Gaming in Philippines is losing its winning streak; Pagcor says no worries

Higher costs continue Bloomberry slide in second quarter

Beijing launches operation Chain Break to crack down on casino promoters

Stagnant gaming business means layoffs for City Of Dreams Manila

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Kazuo Okada’s $2.2 billion financing plan moves Manila Bay Resorts towards completion

Rector wants PAGCOR to remit 3.9 billion pesos for PAGASA modernization

Monday last day of Hong Kong trading for Melco Crown

Okada’s Universal Entertainment sued for US$3.42 billion by shareholder

Seventeen casinos scheduled to open before 2020 in Asia Pacific

DreamPlay by DreamWorks officially opens at City of Dreams Manila

China’s Supreme Court Cracks Down on Cross-Border Gambling Syndicates

Unusual Betting Activity Sparks Investigation Into Eastern Michigan Basketball Games

KPMG Under Scrutiny for 2022 Entain Audit Amid Growing Regulatory Issues

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PAGCOR Cuts E-Games Fees to Strengthen Legal Market