Philippines | World Casino News

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

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, Asian Casino News, Macau, 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...

Philippines immigration commissioner says he did not accept any bribe from Chinese deportee

Renee Kingsley

June 6, 2015

Unsavory reports, China, Crime, Philippines

Beijing anti-corruption campaign has extended its reach into international territories as Chinese authorities are determined to go after corrupted officials and VIP gamblers from the Mainland who have now fled ...

Baccarat games boost Las Vegas revenue in April 2015

Renee Kingsley

June 1, 2015

Latest Casino and Gambling News, U.S.A., Las Vegas, Macau, Financial Press Releases, Philippines, South Korea, Vietnam

Casinos in Las Vegas might have had an average 2014 but things are looking up in 2015. Las Vegas casinos reported a five percent spike in April 2015 when compared to April 2014 and brought in over $95 million i...

Singaporean citizen refutes claims of scamming Manila casino of $8 million

Renee Kingsley

May 28, 2015

Asian Casino News, Crime, Financial Fraud, Philippines, Singapore

According to reports in Asian news outlets, Solaire Resort and Casino in Manila filed a police report against Singaporean national and junket operator Dominic Sim for defrauding the casino of millions of dolla...

All Asia Dealers’ Championship grand final Thursday

Sam Mitchell

May 21, 2015

Latest Casino and Gambling News, Cambodia, Macau, Asian Casino News, Philippines, Singapore

May 21st 2015 marks the final for the G2E Asia event of All Asia Dealers’ Championship in Macau. 36 dealers progressed to the quarter finals. The competition is to put focus on Asia’s dealing talent. There a...

Okada’s Universal sells entire Manila land stake to local firm

Lars Jones

May 20, 2015

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

According to a filing with the Japanese Stock Exchange, Universal Entertainment Corp has sold it's entire 40% stake in Eagle II Holdco Inc, to Filipino firm All Seasons Hotels & Resorts Corp for $2.9 millio...

Kambi Group Plc branch office In Manila being investigated for illegal gambling activities

Renee Kingsley

May 20, 2015

Latest Casino and Gambling News, Sports betting, Crime, Philippines

The online gambling market has grown at a rapid pace and benefited governments across the world that earn significant amounts of revenue in the form of online gambling taxes. The biggest challenge that the onli...

Okada Group confirms new partner who will help launch casino in Manila

Renee Kingsley

May 19, 2015

Casino project updates, Mergers, Acquisitions & Partnerships, Philippines

The Philippines is becoming one of the hottest destinations in Asia for gamblers as foreign enterprises continue to invest heavily into setting up mega-casino resorts in the country. The government of the Phili...

Sun City opens junket rooms in Philippines–Macau policies may be reason

Sam Mitchell

May 18, 2015

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

Sun City is currently the largest junket in Macau with a historic share of the lucrative market in the 25-30% range. They recently began expanding operations in the Philippines. Analysts are worried that this m...

Lapu mayor endorses Sino-American Philippines casino project

Renee Kingsley

May 18, 2015

Casino proposals, Philippines

The casino industry in the Philippines is growing at a rapid pace as the Philippine government continues to encourage foreign companies to invest in its casino industry and construct mega-casino resorts. An Ame...

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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

Philippines immigration commissioner says he did not accept any bribe from Chinese deportee

Baccarat games boost Las Vegas revenue in April 2015

Singaporean citizen refutes claims of scamming Manila casino of $8 million

All Asia Dealers’ Championship grand final Thursday

Okada’s Universal sells entire Manila land stake to local firm

Kambi Group Plc branch office In Manila being investigated for illegal gambling activities

Okada Group confirms new partner who will help launch casino in Manila

Sun City opens junket rooms in Philippines–Macau policies may be reason

Lapu mayor endorses Sino-American Philippines casino project

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