The Philippines casino industry is set to continue growing over the next several years, with gross gaming revenue set to reach $10 billion by 2027, GCG Gaming Advisory Services, a consultancy firm, outlined, cited by Asgam. Many Reasons for Optimism Moving Forward According to GCG, there is significant and consistent growth in the gambling industry […]
Ahead of the upcoming financial results report scheduled for November 22, Universal Entertainment Corp, the parent company of Okada Manila Casino Resort operator Tiger Resort, Leisure and Entertainment Inc (TRLEI), has announced that it will probably report major losses resulting to the hostile takeover of the resort by Japanese billionaire Kazuo Okada and his group. […]
The Philippine casino sector is posting yet another strong month of growth amid calls to privatize the sector and make sure that PAGCOR’s say in gambling matters diminishes. Well, the Philippine Amusement and Gaming Corp, posted fresh results that defy such detractors and suggestions as the revenue in the third quarter was up 7.6% on […]
Newport World Resorts in Manila, the Philippines, will play host to the penultimate event for the Asian Poker Tour this year, which will feature 13 days of intense play, reuniting some of the regional heavyweights. The APT event is a precursor to the last event on the APT is scheduled for December and will be […]
The Philippines has dispensed with the mandatory requirement for face masks with an Executive Order signed by President Ferdinand Marcos Jr. This is part of the country’s plans to revitalize tourism and bolster the economy, which has taken a serious hit due to the pandemic. With visitor numbers falling, President Marcos Jr. wants to signal […]
Three of local business groups in the Philippines have become the latest to oppose the Philippine Offshore Gaming Operators (POGO) in what can be construed as a growing animosity towards the lucrative sector. A report by GMA News, a local media, outlined the latest criticism of the sector and the reasons the three business groups […]
The Philippines is set to remove the lingering COVID-19 restrictions hopeful to boost its tourism industry, revitalize the economy, and generally beckon to the world that recovery is well underway. The country is now removing the mandatory use of face masks in public space, a rather belayed decision with other Southeast Asia nations already making […]
The attempt of Japanese billionaire and founder of the Okada Manila Casino Resort, Kazuo Okada, to throw away grave coercion charges has been discarded by a Philippines Metropolitan Trial Court judge. Lawsuit Against Okada and his Group Moves Forward in Court The lawsuit filed by Okada Manila Casino Resort operator Tiger Resort, Leisure and Entertainment […]
PAGCOR has been a bulwark in the Philippine gaming industry. The regulator-slash-operator of gaming businesses in the Asian country has also been a big contributor to the state budget, good causes, relief funds, educational initiatives, and local government schemes. PAGCOR’s Corporate Social Responsibility mandate has now resulted in a total of PHP19.5 million or $331,000 […]
The Philippines Bureau of Immigration is delivering on its promise to repatriate workers who worked in the Philippine Offshore Gaming Operators (POGOs) without the necessary visa and permits to work. The PBI has vowed to send home around 40,000 workers (previous numbers put them closer to 48,000), with the first six of those processed on […]
