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Gambling News - 'Philippines'
Casino
August 8, 2022
Bloomberry Resorts Posts Strong Q2, First Half 2022 Results
The resort developer and operator, Bloomberry Resorts, released its unaudited financial results for the six months and three months ended June 30, 2022. Bloomberry Resorts Enjoys Strong First Half, Q2, 2022 The company reported a strong first half of 2022 with double-digit growth. This result was further complemented by triple-digit growth in gross gaming revenue […]

Casino
August 8, 2022
Philippines Court Lifts Freeze on Funds of Chinese Junket
An appeal from the Philippines’ Anti-Money Laundering Council (AMLC) was rejected by the Court of Appeals in the Philippines after the court confirmed its own decision on April 29 to lift the asset preservation order (APO) against a Chinese casino operator that has operations in the Philippines, which was issued in connection with the cyber […]

Legal
August 5, 2022
Okada Manila Corporate Wrangle to Continue with Inspection
The corporate wrangle around Okada Manila casino integrated resort in the Philippines continued with the board backed by Tiger Resort Asia (TRA) sending a demand letter to the board backed by Kazuo Okada demanding internal documents inspection. Disbursing Funds from the Casino Cage TRA, the owner of 99.9% of the voting rights of Tiger Resorts, […]

Esports
August 4, 2022
Manhunting Philippine Esports Team Owner After $33M Drug Bust
According to the accused, who “categorically denies” the allegations, “the truth will always prevail”. On the other side, the governmental bodies want him to “surrender and face the charges against him”. Bernard Lu Chong Wanted for Alleged Drug Smuggling The Daily Tribune reported on the National Bureau of Investigation (NBI) launching a so-called “manhunt” for […]

Industry
August 1, 2022
PAGCOR Shares H1 2022 Financial Report, Revenue Reaches $481.9M
The Philippine Amusement and Gaming Corporation (PAGCOR), has posted a financial report for the first half of 2022 and the data states that its YoY revenue has increased by 68.11%. In the period between January and June 2022, the total reported revenue reached P26.70 billion ($481.9 million). PAGCOR’s Revenue Even Exceeded the Original Expectations Originally, […]
Industry
July 26, 2022
Philippine Gambling Revenue Projected Reaching Pre-Pandemic Levels By 2026
COVID-19 bans and lockdowns affected the gaming industry worldwide, and projections place 2026 as a recovery date for the Philippines, in line with Macau and Singapore estimations. Return to Normalcy Takes Time All sectors of the entire hospitality industry were heavily affected by the not-so-recent pandemic and gambling was hit especially hard, as it infuses […]
Industry
July 26, 2022
PAGCOR Opened an Evacuation Center in Laguna
The Philippine Amusement and Gaming Corporation (PAGCOR) has demonstrated its commitment to the safety of Philippine citizens by opening a new multi-purpose evacuation center. The new establishment will shelter people in times of disaster and provide them with all the necessities they might need. PAGCOR’s New Facility Is Well-Equipped PAGCOR officially opened the new evacuation […]
Casino
July 25, 2022
PH Resorts Clarifies No Loan Default in Stock Exchange Disclosures
Udenna Corp is a Philippine conglomerate and some worrying debt default news headlines lead to steep drops in many of the involved companies. PSE disclosures were issued by four companies, in order to clarify the confusion, addressing a single online article in the original disclosure statement documents. PSE Disclosures Clarify Default News After multiple news […]

Legal
July 15, 2022
UEC CEO Accuses Okada of Hiding Information in Battle over Okada Manila
The fierce fight over the control of the Okada Manila Casino Resort keeps on raging with more public statements from the involved parties. This time Universal Entertainment Corp (UEC) CEO Jun Fujimoto has targeted accusations against Kazuo Okada and his representatives. Okada Accused of Concealing Information Regarding the ongoing dispute over the control of the […]
Legal
July 12, 2022
Dispute over Okada Manila Rages in Battle of Public Statements
While awaiting court proceedings, the battle for the Okada Manila casino resort continues to rage through a sharp exchange of remarks between the opposing parties – the group led by Japanese billionaire and founder of the resort, Kazuo Okada, and the board of Tiger Resorts, Leisure and Entertainment Inc (TRLEI), which is backed by The […]