Philippines

Bloomberry Develops Third Solaire Resort in Cavite in the Philippines

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, New Hotels, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Casino moguls, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines, South Korea
The casino operator Bloomberry Resorts Corp., owned by casino mogul Enrique Razon, announced the development of the third casino project upon the launch of its Solaire Resort North in Quezon City in the Philipp...

Philippine Senator Recommends Banning POGOs Within 3 Months

Marija Malenovic
Casino Destinations, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Conferences / Trade Shows, Licenses, Online Gambling News, Asian Casino News, Taxation, Crime, Licensing, Taxes, Philippines
Philippine Senator Sherwin Gatchalian, chairman of the Senate’s Committee on Ways and Means, recommended the country's government to officially shut down Philippine Offshore Gaming Operators (POGOs), which are ...

AMLC Study Reveals Unknown Number Of Phillipine Junket Operators’ Failure to Report Suspicious Transactions

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Money Laundering, Asian Casino News, Conspiracy, Crime, Philippines
The Philippine Anti-Money Laundering Council (AMLC) has officially released a study on suspicious transactions connected with casino junkets, which revealed many examples of junket operators who didn’t report c...
bloomberry

Deal with PH Resorts Group Terminated by Bloomberry Resorts Corp

Vanja Mitic
Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines
It was announced on Wednesday that Solaire Resort’s parent company, Bloomberry Resorts Corp, terminated the deal related to acquiring a stake in integrated resort developments in Cebu and Clark, owned by PH Res...

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

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
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
Latest Casino and Gambling News, Casino Destinations, Casino 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
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Philippines, Financial Press Releases
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
Casino News, U.S.A., Latest Casino and Gambling News, Casino Destinations, North America Casino News, World Casino News, Hong Kong, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Online Gambling 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
Casino News, Latest Casino and Gambling News, Casino Destinations, 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, Casino News, Latest Casino and Gambling News, Online gambling regulation, Casino Cheating, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Unlicensed Operation, Licenses, Online Gambling News, Asian Casino 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
Latest Casino and Gambling News, Casino News, Casino Destinations, 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 ...