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Industry
June 21, 2022
The Philippines Can’t Get Off FATF’s Grey List
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 […]
Casino
June 21, 2022
PAGCOR Reveals MPEC in Bulacan, More to Come
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 […]
Casino
June 20, 2022
Banks Freeze Okada Manila Accounts amid Takeover
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 […]
Casino
June 14, 2022
Tiger Resort Asia Ltd Hits Back at Kazuo Okada over Okada Manila
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 […]
Casino
June 14, 2022
Jade Entertainment CEO Takes Stock of Philippines Black Market
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 […]
Legal
June 10, 2022
TRLEI’s New Board Denies Forceful Takeover Allegations
Tiger Resort, Leisure and Entertainment Inc’s new board has insisted that the transition of power was peaceful and it denied all allegations that it took control of the Okada Manila operator by force. The Kazuo Okada team added on Thursday that the group was welcomed well and assisted by the security team. TRLEI Stated Last […]
Business
June 6, 2022
Universal Entertainment Accuses Philippines Regulator of Corruption and Abuse of Power
The dispute revolving around the hostile takeover of Okada Manila continues to build up momentum as the Philippine gaming authorities side with Kazuo Okada. Universal Entertainment Corp (UEC) issued a statement condemning PAGCOR for corruption and unjustly favoring one side of the dispute. UEC is the parent company of Okada Manila’s owner, Tiger Resort, Leisure […]
Casino
June 6, 2022
Filipino Man Resorts to Stealing Bicycles to Cover Gambling Debt
The Philippines has been a particularly dynamic gambling market. Yet, gambling addiction has been plaguing some of the less fortunate and the country has somewhat fallen behind in directing payment to these individuals. One such is a 52-year-old man who was arrested after stealing and pawning a bicycle so that he could pay off his […]
Casino
June 3, 2022
Universal Entertainment Condemned Okada Manila Illegal Takeover
The operator of Okada Manila casino integrated resort in the Philippines, Tiger Resort, Leisure and Entertainment (TRLEI), will file criminal charges against everyone involved in the property takeover on Tuesday, stated the operator’s Japanese parent Universal Entertainment Corp. on its website. Criminal Charges against Everyone Involved The statement published by Universal Entertainment in response to […]
Sports
June 3, 2022
Philippine Authorities Make Final Appeal to Meta to Comply
The Department of the Interior and Local Government (DILG) of the Philippines issued a statement Wednesday to warn Meta that its operations in the country should be compliant with all Philippine laws, rules and regulations at all times. Ignoring the Request of Philippine Authorities Speaking on behalf of DILG, the department’s Undersecretary Jonathan Malaya reminded […]
