Philippines

Groundbreaking Ceremony For $300M Convention Resort and Casino At Subic Bay, Philippines

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, European Casino News, Asian Casino News, France, Philippines
A foundation stone laying ceremony was held on March 14 for the newest casino, resort and convention center, called Subic Sun Convention Resort and Casino, Inc., in Subic Bay. However, the said complex will be ...

Bloomberry to Open Solaire Resort North in May 2024, Unveils FY 2023 Results to Report $170m in Net Income

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, Casino openings, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, Online Gambling News, Financial Press Releases, Philippines
Following the $1 billion development, the Solaire Resort North integrated resort will open its doors to visitors by the end of May 2024. Run by the leading Philippine resort operator Bloomberry Resorts Corporat...

PAGCOR Releases Statement Denying Misinformation About Plans For Privatization

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) has officially published a statement combating misinformation regarding its plans for privatization. The impact of misinformation: In the aforementioned ...

PAGCOR Wants To Lower Fees For iGaming Operators to 35% In March, Says Tengco

Marija Malenovic
Casino Destinations, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Taxation, Asian Casino News, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR), the gaming regulatory agency of the Philippines, revealed that it will lessen the fees imposed on iGaming providers to 35% in the 3rd month of this ongo...

PAGCOR Boosts Its Share of Income To National Government, But Lags Behind Pre-Pandemic Levels

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Taxes, Philippines
It was recently reported that the Philippine Amusement and Gaming Corp. (PAGCOR) increased its handout to the country in the first 11 months of 2023, but it still fell short of pre-pandemic numbers. Boost: ...

2024 Philippine Gaming Industry GGR To Reach PHP336.38bln, Says Tengco

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
CEO and President of the Philippine Amusement and Gaming Corporation (PAGCOR), aka the gaming regulator of the Philippines, Alejandro Tengco, estimates that the gross gaming income (GGR) of the Philippines this...

Philippine Gaming Industry Generates US$1.24 Billion in Q3 2023 to Exceed Prepandemic Levels

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
Gross gaming revenues of the Philippine gaming industry reached the level of Php68.8 billion (US$1.24 billion) in the third quarter of 2023. The figure reportedly represents a 20.1% increase when compared to th...

Newport World Resorts To Launch Table Games For PIGO Clients

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Licenses, Asian Casino News, Online Gambling News, Licensing, Philippines
The owner of Newport World Resorts, located in Manila, Philippines, plans to extend its operations under the license of the Philippine Inland Gaming Operator (PIGO). The expansion involves new table games that ...

Pagcor to Upgrade Casino Filipino As Country’s Gaming Revenues Head to Exceed the 2019 Record

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
Following the recent move to transform the state-run Philippine Amusement and Gaming Corp (Pagcor) into an exclusively regulatory entity, this governmental agency's chairman and chief executive Alejandro Tengco...

Philippine Presidential Office Requests Regulatory Action To Improve The Country’s Image

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casinos of the Philippines, Gaming Industry News, Money Laundering, Online Gambling News, Asian Casino News, Philippines
After a series of cases affecting the reputation of the Philippine gambling stakeholders, the country's Presidential Office has made a move to improve the image of the national industry. As reported by Asian Ga...

Albee Benitez Makes A Plea To Galaxy Ent. To Reconsider Boracay Casino Project; Galaxy Ent. Not Interested

Marija Malenovic
Latest Casino and Gambling News, Casino News, Casino Destinations, New Hotels, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships, Philippines
Galaxy Entertainment Group Limited, the leading operator in Macau commented that is not weighting the possibility of starting anything in Boracay, an island in the Philippines, including a resort. The company a...

First Phase of Waterfront Manila Hotel & Casino to Be Completed by May 2024

Vanja Mitic
Casino News, Latest Casino and Gambling News, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Mergers, Acquisitions & Partnerships, Philippines
The works on the reconstruction of the Waterfront Manila Hotel and Casino complex are ongoing, and the first phase is expected to be completed in the middle of the next year. Back in 2018, the property was seri...