Philippines

Philippine Gross Gaming Revenue Grew by 91 Percent in 2022 Over the Previous Year

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Gaming Industry News, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
The Philippine casino sector continued growth in the fourth quarter of 2022 to generate almost PHP56.01 billion (US$1.02 billion) in gross gaming revenue (GGR) as of December 31. This level exceeds the third qu...

Local Demand Drove Bloomberry To 84% yearly GGR Growth in 4Q22

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
Bloomberry Resorts Corporation, a gaming, entertainment, tourism and hotel holding company based in Phillipines, has publicly announced a net profit of Php1.1 billion, which is approximately 20.0 million US dol...

Universal Entertainment Reaches US$87 Million Profit in 2022 Driven by Phillipine Vertical Recovery

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Financial Press Releases, Philippines
Universal Entertainment Corp (UE), a leading Japanese casino corporation, achieved an US$86.5 million profit for the last year ending on 31 December 2022 after a loss amounting to US$144 million sustained in 20...

SPAC Company 26 Capital Initiates Legal Action Against Okada Manila Subsidiaries for Failure to Accurately Fulfill Merger Obligations

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, North America Casino News, Casinos of the Philippines, Hong Kong, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Philippines
On Thursday, February 2, 26 Capital Acquisition Corp., one of the US-based special purpose acquisition company (SPAC) and the most distant parent company of Okada Manila, filed legal action in a Delaware Court ...

PAGCOR Gaming Revenue Increases 69% to US$1 Billion in 2022

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, publicly announced a 68.7% increase in revenue from gaming operations to Php 55.1 billion, which is approximately 1.0 bi...
pagcor

Pagcor Interrogated Regarding Crimes of the POGOs Auditor

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Casino News, Online gambling regulation, Casino Cheating, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Unlicensed Operation, Licenses, Asian Casino News, Online Gambling News, Crime, Licensing, Fines, Lawsuits & Litigation, Philippines
Philippine Offshore Gaming Operators’ revenues had to be monitored by the third-party auditor, and it’s not uncommon - but what is surprising is that the third-party auditor doesn’t possess the business permit....

Travel restrictions ahead of Chinese New Year impact Chinese gambling destinations

Radosav Milutinovic
Casino News, Casino Destinations, Latest Casino and Gambling News, World Casino News, China, Casino reviews from Macau, Casinos of the Philippines, Gaming Industry News, Hong Kong, Japan, Asian Casino News, Macau, Online Gambling News, Malaysia, Philippines, Singapore, South Korea, Vietnam
Beijing states that various countries are ''taking discriminatory entry restriction measures targeting China” after the country saw a rapid decline in COVID-19 cases and opened up to foreign countries. Chinese ...
philippines

Privatization of Philippines Casinos Gains Secretary’s Support

Vanja Mitic
Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Labor Relations, Philippines
Benjamin Diokno, the Philippines' Department of Finance Secretary, announced the plans for the Philippines casinos. The plans for privatization have been recently resurrected, and PAGCOR is about to privatize t...

Jade Entertainment launches BetConstruct-powered Jade Sportsbet platform in Philippines

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino openings, New online casinos, Gaming Industry News, Technology, Casino project updates, Mobile gaming, Online Gambling News, Asian Casino News, Sports betting, Mergers, Acquisitions & Partnerships, Labor Relations, Philippines
Jade Entertainment and Gaming Technologies Inc., a gaming service provider, launches its completely new sports betting platform, Jade Sportsbet, in the Philippines. The runner-up for the Asian service provider ...

Philippines casino industry projected to achieve $10 billion in GGR by 2027

Marija Malenovic
Latest Casino and Gambling News, Casino News, Casino expansion projects, World Casino News, New Hotels, Casino openings, New online casinos, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Conferences / Trade Shows, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
With the opening of new casinos, the Philippines casino industry will achieve GGR of 10 billion dollars by 2027, doubling its revenues in just 5 years, according to analysts from GCG Gaming Advisory Services, a...

Megaworld Arranges $261 million Financing of new Winford casino project: Metro Manila

Marija Malenovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Casino proposals, World Casino News, New Hotels, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Asian Casino News, Online Gambling News, Licensing, Philippines
One of the biggest property developers in the Philippines, Megaworld Corporation, part of Aliance Global Group Inc., has signed a 261 mllion dollar (PHP 15 billion) investment agreement with Winford Resort for ...

Local Demand led Bloomberry to 89% yearly GGR growth in 3Q22

Marija Malenovic
Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines, South Korea
During the past 3 months until September 30th, 2022, Bloomberry Resorts Corporation's, a leading developer of tourist facilities, casino entertainment, hotel and amusement-themed projects, gross gaming revenue ...