Alan Peter Cayetano is an ex-House Speaker from the Philippines currently hunting for a seat in the Senate. On Monday, he pleaded with Congress to reject the applications for 25-year legislative franchises requested by two different e-sabong companies in the country. His legislative endeavor follows Deputy Speaker Eddie Villanueva’s last week’s attempt to convince Congress to give a […]
The Philippines continues to fight against gambling operators that it contends are violating the country’s regulations in the sector. The country’s Anti-Money Laundering Council (AMLC) has listed a third Philippine Offshore Gaming Operator (POGO) of its list of non-compliance. The list focuses on companies that have obligations under the existing law, and whose license is […]
Gambling revenue in the Philippines is back on the up as the third-quarter results have restored some confidence in the market. The Philippine Amusement and Gaming Corporation (PAGCOR), which regulates and controls gambling in the country, has reported revenue of $538 million in the quarter, factoring in PAGCOR’s own venues, third-party license holders, and non-categorized […]
According to Alliance Global Group (AGI), gross gaming revenues (GGR) at Resorts World Manila (RWM) increased 53% year-on-year and 46% quarter–on–quarter to Php4.9 billion ($97.5 million) in the three months to September 30, 2021. AGI holds 56.8% of RWM operator Travellers International Hotel Group Inc., while Genting Hong Kong holds 39.2%, and the rest is […]
Manila casinos are ready to welcome back tourists and visitors after the Philippines government eased up COVID-19 restrictions amid falling hospitalizations and overall case numbers last week. The country has downgraded the active Alert Level to a Two from a Three previously. With this in mind, casinos are now able to start chugging along, opening […]
Okada Manila is ready to be seen on NASDAQ. The company is launching on the exchange through a convoluted merger with a special purpose acquisition company (SPAC), 26 Capital Acquisition Corp., and, provided everything goes according to plan, the new company will have a total equity value of $2.5 billion. Okada Manila Hits NASDAQ According […]
The International Basketball Federation (FIBA) has revealed a new partnership with the Philippines-based sports betting operator, J9.com. As a result, J9.com will have access to all major basketball events hosted by the organization through 2024. J9 will secure signage and presence in key FIBA competitions, including the FIBA Continental Cups for men and women as […]
In September, it transpired that POGOs or Philippine Offshore Gaming Operators had shorthanded the state budget by $28 million. Now, the Philippines’ Anti-Money Laundering Council (AMLC) is taking action against two of the 36 licensed POGOs, which have failed or outright refused to meet compliance checks as demanded by regulation. The watchdog has singled out MG Universal Link […]
Bloomberry Resorts, the Philippine gambling operator, has requested a federal judge to order a gaming company from the US to show documents that confirmed its alleged frauds. Global Gaming Asset Management (GGAM) has sued Bloomberry after what a Singapore arbitrary panel has labelled a wrongfully terminated contract with the Las Vegas-based company back in 2016. […]
The Clark Freeport Zone (CFZ) in the Philippine province of Pampanga is meant to be a massive hub of commercial activity, an attempt to bring additional income to the area. Casinos are a significant part of it, but one company has decided to take a step back and rethink its CFZ strategy. PH Resorts Group, […]
