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The Latest in philippines
Industry
September 6, 2021
PAGCOR Shorted Almost $28 Million in POGO-based Fees and Dues
The Philippines has had a lot of difficulty due to the COVID-19 pandemic and hasn’t, until very recently, started to see limited signs of recovery. This has taken a toll on the country’s gaming industry, which also affects the amount of money the Philippines has to work with. The Philippine Amusement and Gaming Corp. (PAGCOR), […]
Casino
September 3, 2021
Casinos in Boracay Could Come Sooner than Expected
Just days after a moratorium on new casino construction in the Philippines was lifted, two projects are possibly in the works. One is a resort that was forced to stall due to COVID-19 and the moratorium, while the other is a new property. Expected launch dates haven’t been revealed; however, with the idea that they […]
Industry
August 30, 2021
New Casino for the Philippines Confirmed After Moratorium Lifted
The COVID-19 has caused economic hardships on every level and it doesn’t look like things are ready to get back to normal yet. The Delta variant is continuing to cause issues, but the pandemic has also helped open the doors to new gambling opportunities that perhaps would have never been explored before. The Philippines, previously […]
Blockchain
August 25, 2021
The Philippines Wants to Tax Blockchain Games Player Income
Axie Infinity’s continuous success has prompted Philippine authorities to ask if players must pay income tax on their earnings in the game. Axie Infinity Player Revenue Soars as Income Tax Questions Mount As the play-to-earn model has come to salience around the world, blockchain-powered games such as Axie Infinity have been able to capitalize on the demand […]
Sports
August 24, 2021
EvenBet Gaming Adds Asian Sportsbook Giant SBOBET to Portfolio
EvenBet has announced a new partnership with the Philippines-based top sportsbook platform, SBOBET. EvenBet Gaming Goes Strong in Asia EvenBet Gaming has increased its presence in the Asian gaming market after securing an agreement with SBOBET sportsbook to include it into its gaming platform. SBOBET is a Philippines-based sportsbook platform and a top leading player in the Asian industry. The deal will offer a […]
Business
August 17, 2021
PAGCOR Investigates Suncity Group Over Missing Player Deposits
Suncity Group may have tripped over itself. The junket operator, and backer of a multimillion-dollar resort project in the Philippines, is reportedly under investigation by the Philippines Amusement and Gaming Corp. (PAGCOR) after allegedly receiving complaints from some of Suncity’s customers that they haven’t been able to withdraw their funds. While delays and technical glitches […]
Business
August 16, 2021
Mobile Sports Betting in the Philippines Expands with MegaSportsWorld Approval
It’s been a tumultuous time for the Philippines, unable to come out from under the relentless attack of COVID-19. Casinos in some parts of the country have been forced to shut down or reduce operations in an effort to thwart the virus, but the decline in land-based gaming has been a catalyst for online gaming […]
Business
August 12, 2021
Despite COVID-19 Setbacks, Hann Casino Resort Plans Hiring Spree
The Philippines can’t shake its COVID-19 issues. Just when it seems like things are improving, new cases emerge, forcing the return of quarantine and other health measures. Despite the ongoing problems, Widus Philippines is going on a hiring spree for its Hann Casino Resort in the Clark Freeport Zone. Up to 1,000 positions need to […]
Business
August 2, 2021
Belle Corp Reports Profit as Manila Enters Strict Lockdown
Belle Corp reports profitable rental income from City of Dreams Manila, but casinos prepare for a new two-week strict lockdown period starting on August 6. For the six months to June 30, 2021, Philippines real estate company Belle Corporation has reported a 244% increase in consolidated net income and a 27% increase in consolidated revenues […]
Industry
July 16, 2021
COVID-19 restrictions are set to be eased in the Philippines
After suffering massive profit losses due to COVID-19, Metro Manila in the Philippines finally has some good news. The capital is set to ease off some of its restrictions and the spokesperson for President Rodrigo Duterte, Harry Roque, states that the general community quarantine will be in effect only until July 31. Casinos are affected, […]