The Philippines gambling watchdog, the Philippine Amusement and Gaming Corporation (PAGCOR), has collected aggregated profits of over PHP300 billion ($5.5 billion) for the six-year period during which Andrea Domingo headed the regulator. Record Gambling Revenue for PAGCOR In a press release issued on June 29, chairman and CEO of PAGCOR Andrea Domingo shared the financial […]
Hann Philippines, a casino resort operator in the Philippines, is planning to expand its casino and hotel offerings over the next five years expecting demand from South Korea and Macau. Back to Pre-Pandemic Levels Formerly known as Widus Group, Hann Philippines initially announced its plans to revamp the Widus Resort located in the Clark Freeport […]
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that it has collected more than a third of the fees Philippine Offshore Gaming Operators (POGOs) owed. In total, the regulator recovered about $15 million. The rest is owed by operators that have remained closed since the beginning of the pandemic. The PAGCOR Recovered a Third of […]
The fight for control over the Okada Manila casino resort continues as the Philippines Supreme Court has issued a court order obliging Japanese billionaire Kazuo Okada to reply to a motion for clarification filed by the parent company of Tiger, Resort Leisure & Entertainment’s (TRLEI). The motion disputes the reinstatement of Okada on the TRLEI […]
The goal of PAGCOR, the Philippines’ gaming regulator, has always been to raise sufficient funds to pour back into various social programs. Now, though, a new audit indicates that the watchdog may have not collected as much as PHP2.33 billion ($42.7 million) from Philippine Offshore Gaming Operators (POGOs) over the past five years. PAGCOR Still […]
Following a meeting that lasted for four days, Paris-based international regulator, the Financial Action Task Force (FATF), has decided to keep the Philippines on its grey list. Despite progress on the anti-money laundering (AML) and combatting the financing of terrorism (CFT) front, the country still has work to do in order to be able to […]
The Philippine Amusement and Gaming Corporation (PAGCOR) has inaugurated a new evacuation facility funded with gambling tax revenue in Bulacan. The ceremony for the new facility was held on Monday and it reflects the regulator’s efforts to continue creating societal benefits especially when the Philippines finds itself battered by nature’s elements with thousands of people […]
Okada Manila, an iconic integrated resort in the Philippines, has been the subject of a legal battle. Kazuo Okada, the resort’s founder and Tiger Resorts Asia Ltd (TRAL) have been fighting over ownership of the venue. As the quarrel continues, banks have frozen Okada Manila’s bank accounts. Banks Freeze the Resort’s Bank Accounts The announcement […]
Hong Kong-listed Tiger Resort Asia Ltd (TRAL), which holds a 99.99% stake in Okada Manila Tiger Resort Leisure and Entertainment Inc (TRLEI), has released a public advisory, notifying the public and all institutions that it is not going to honor or recognize any transaction on behalf of TRLEI made by Kazuo Okada, Antonio Cojuangco, Dindo […]
Jade Entertainment CEO Joe Pisano recently penned a contribution article for Asia Gaming Brief in which he discussed the state of illegal gambling in the Philippines and the active steps taken that can be taken by the regulator, the Philippine Amusement and Gaming Corp. (PAGCOR), consumers and other entities in tackling the issue. While much […]
