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Casino
September 16, 2022
Falsification Lawsuit Against Okada Dismissed by Philippine Court
The court battle between the two factions fighting over the control of the Okada Manila Casino Resort continues at full steam. Following a series of lawsuits filed by both sides in this conflict, the court has made a decision on one of them. TRLEI Motion Against Kazuo Okada Was Rejected On September 8, 2022, the […]
Casino
September 13, 2022
Philippine Police Vows to Do More to Tackle POGO Worker Exploitation, Crime
The Philippine National Police wants more to be done when it comes to gaining control over the regulated Philippine Offshore Gaming Operators sector and the inflow of foreign workers who come to work in the gambling industry. In fact, the police wants to create a detailed list that keeps track of workers and can assist […]
Legal
September 12, 2022
TRAL Takes Okada to Court over Okada Manila Takeover
The saga surrounding the Philippine casino resort Okada Manila continues as Tiger Resorts Asia Limited (TRAL) sues Kazuo Okada for fraud and violence. In May, Okada forcefully took over the resort after he returned to the company thanks to a status quo ante order by the Supreme Court of the Philippines. TRAL and Okada have […]
Industry
September 12, 2022
Philippines: Banning E-sabong Brings Financial Hardships
Online betting on cockfights or the activity also referred to as e-sabong was incredibly popular in the Philippines. E-sabong helped generate invaluable revenue for different institutions including banks such as the Philippine Business Bank (PBP). However, after information regarding e-sabong-related crimes emerged, the Philippines lawmakers decided to outlaw the activity earlier this year. Now, a […]
Casino
September 9, 2022
Court Denies Okada’s Appeal against PAGCOR
Japanese billionaire and founder of the Okada Manila Casino Resort Kazuo Okada is not giving up on the fight over the control of the resort that easily. Okada recently made an attempt to block the decision by the Philippine Amusement and Gaming Corporation (PAGCOR) to reinstate the board of directors of the resort’s operator Tiger […]
Casino
September 7, 2022
TRAL Regains Control Over Okada Manila Following PAGCOR Order
On September 2, Philippine Amusement and Gaming Corporation (PAGCOR) ordered the group led by Japanese billionaire Kazuo Okada to surrender the Okada Manila Casino Resort back to The Tiger Resort Asia Limited (TRAL), the legal owner of the casino’s operator Tiger Resort, Leisure and Entertainment Inc (TRLEI). TRAL Regains Control Over Okada Manila Following an […]
Casino
September 5, 2022
PLC Reports 47% Revenue Increase in H1 2022
Premium Leisure Corp (PLC), an investment holding company that participates in gaming-related businesses, has posted its financial results for the first half of 2022. The results demonstrate a strong post-COVID recovery and show the company’s strengths. PLC Recorded Improved Revenues As reported by PLC, the company earned around $14.69 million (current conversion rates) for the […]
Industry
September 1, 2022
New PAGCOR Chief Suggests Privatization of State-Owned Casinos
The new CEO and chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro Tengco, has suggested that he will be considering the privatization of the state-owned casinos in the Philippines. New PAGCOR Chief Voices Ideas Regarding Casino Privatization The freshly appointed PAGCOR head, Tengco, has made comments that PAGCOR will reconsider its current function […]
Legal
August 29, 2022
Former TRLEI Board Accused of Theft by Current Okada-led Executives
The saga over the control of the Okada Manila Casino Resort still continues. The next move in the dispute comes from the board of the casino operator Tiger Resort, Leisure and Entertainment, Inc (TRLEI) led by Japanese millionaire Kazuo Okada. The executives have filed a lawsuit against the former TRLEI board members on theft charges […]
Business
August 29, 2022
PAGCOR Casinos May Be Up for Sale Under BBM
The presidential elections in the Philippines earlier this year resulted in the appointment of Bongbong “BBM” Marcos, a scion of Ferdinand Marcos Sr., a former president, and Imelda Romualdez Marcos, a former first lady. While his family is linked to profligate spending that was largely seen as one of the reasons why the Philippines ended […]