Philippines | World Casino News

Special economic zone in the Philippines seeks to lure casino investors

May 20, 2016

Latest Casino and Gambling News, Philippines

The Aurora Special Economic Zone and Freeport Authority (APECO) in the north eastern Philippines is looking to the gaming industry for investment and has begun to offer both land-based and online casino license...

Andrea Domingo appointed new head of PAGCOR

Kim M

May 19, 2016

Latest Casino and Gambling News, Philippines

President-elect Rodrigo Duterte announced on Tuesday that he had selected Andrea Domingo to head the Philippine Amusement and Gaming Corporation (PAGCOR). Domingo, a member of Duterte’s election campaign tea...

Manila Bay Resorts developer secures loan deal

Adam Morgan

May 17, 2016

Latest Casino and Gambling News, Casino project updates, Philippines

As it looks to complete construction of its $2 billion Manila Bay Resorts multi-phase hotel and casino development by the end of the year, Tiger Resort Leisure And Entertainment has secured a $809.9 million loa...

Travellers International reports first-quarter drop in gaming revenues

Adam Morgan

May 16, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The owner and operator of the giant Resorts World Manila hotel and casino, Travellers International Hotel Group, has announced its financial results for the first three months of 2016 showing a 33.5% decline ye...

AML laws of Philippines to be strengthened after $81M bank heist

Sadonna Price

May 12, 2016

Latest Casino and Gambling News, Money Laundering, Philippines

In February, hackers managed to steal $101 million from bank accounts in New York for account holders located in Bangladesh. $81 million of this amount was transferred to Manila, at a branch of the Rizal Commer...

First-phase of Vietnamese resort casino to offer three hotels

Adam Morgan

May 5, 2016

Latest Casino and Gambling News, Casino proposals, Australia, Hong Kong, Macau, Philippines, South Korea, Vietnam

Macau junket promoter Suncity Group has revealed that the first phase of the casino resort it is building in Vietnam in partnership with asset management firm VinaCapital Group and Gold Yield Enterprises will i...

Cash hacked from Bangladesh bank returned by junket operator

Kim M

May 5, 2016

Latest Casino and Gambling News, Money Laundering, Philippines

Chinese casino boss and junket operator in the Philippines, Kim Wong, has turned over $5 million, in what is believed to be stolen funds, to the Anti-Money Laundering Council. The money is the fourth and fin...

PAGCOR exceeds first-quarter earnings expectations

Adam Morgan

May 4, 2016

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

The state-run Philippine Amusement And Gaming Corporation (PAGCOR) has revealed that its net income for the first three months of 2016 rose by 11% year-on-year to reach $22.1 million. PAGCOR operates 13 casi...

Soft opening this week for new Philippines casino

Kim M

April 26, 2016

Latest Casino and Gambling News, Casino openings, Philippines

This week, the Midori Clark Hotel and Casino in the Philippines will have a soft opening for the casino only. In an email to GGRAsia, the property’s marketing team said that the grand opening to include the hot...

Quezon City is site for Razon’s second casino

Kim M

April 25, 2016

Latest Casino and Gambling News, Casino proposals, Philippines

A P1.9-billion property in Quezon City, the most populous city in the Philippines, is the chosen location for Filipino billionaire, and chairman of Bloomberry Resorts Corp, Enrique Razon Jr.’s second casino in ...

Bloomberry chairman Razon warns of oversupply in Manila casino market

Kim M

April 22, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

On Thursday, Filipino billionaire, and chairman of Bloomberry Resorts Corp, Enrique Razon Jr., warned that the opening of two additional gaming complexes within the next two years would produce an “oversupply” ...

PAGCOR defends gaming industry amidst money laundering incident

Sadonna Price

April 3, 2016

Latest Casino and Gambling News, Money Laundering, Philippines

Philippine Amusement and Gaming Corporation Head Cristino Naguiat Jr. recently spoke with reporters, defending the gambling industry, stating that casinos are not the easiest venue for criminals to launder fund...

Chinese junket operator in Manila reportedly received $30 million from hacked bank account

Lars Jones

March 16, 2016

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

Details are beginning to emerge in one of the largest cyber bank heists in history with the governor of Bangladesh's central bank resigning along with two deputies being fired. $81 million was reportedly stole...

Loopholes in anti-money laundering law will be plugged; Philippine Senate vows

Kim M

March 13, 2016

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

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The Senate Blue Ribbon committee will attempt to fix loopholes in the Anti-Money Laundering Act (AMLA) on Tuesday when is conducts a public hearing on the alleged $81 million cross-border money-laundering and e...

$100 million money laundering probe in the Philippines: report

Lars Jones

February 29, 2016

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

What appears to be the single largest money laundering crime in the history of the Philippines is being investigated by financial regulators there, according to local media. Apparently $100 million was introduc...

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Special economic zone in the Philippines seeks to lure casino investors

Andrea Domingo appointed new head of PAGCOR

Manila Bay Resorts developer secures loan deal

Travellers International reports first-quarter drop in gaming revenues

AML laws of Philippines to be strengthened after $81M bank heist

First-phase of Vietnamese resort casino to offer three hotels

Cash hacked from Bangladesh bank returned by junket operator

PAGCOR exceeds first-quarter earnings expectations

Soft opening this week for new Philippines casino

Quezon City is site for Razon’s second casino

Bloomberry chairman Razon warns of oversupply in Manila casino market

PAGCOR defends gaming industry amidst money laundering incident

Chinese junket operator in Manila reportedly received $30 million from hacked bank account

Loopholes in anti-money laundering law will be plugged; Philippine Senate vows

$100 million money laundering probe in the Philippines: report

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