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Industry
January 3, 2022
Manila Casinos Back on Lockdown as COVID-19 Threat Rises
Last October, after repeatedly dealing with COVID-19 issues, Manila finally found some relief. The Philippine city was the last to be able to lower its threat level, from 3 to 2, which gave area casinos a little breathing room. It was short-lived, though, as the threat level is being returned to 3. For the next […]
Industry
January 3, 2022
Rich Goldman Announced Solaire Profit Sharing Agreement Void
Rich Goldman Holdings, a company involved in junket operations as part of its leisure and entertainment business, announced in a filing to the Hong Kong Exchanges and Clearing (HKEX) that the profit share agreement with a venture partner related to junket business at Solaire Resort & Casino in Manila had been terminated. Agreement Terminated Rich […]
Casino
December 15, 2021
Philippines: COVID-Related Restrictions Remain in Place
The COVID-19 pandemic grew exponentially in the Philippines. In an effort to stop the spread and flatten the curve of positive cases, the government introduced strict COVID-related rules. Earlier this year, in March and April, the country has seen significant spikes of COVID cases, surpassing 10,000 cases per day. Philippine Businesses Have Been through a […]
Casino
December 15, 2021
New Philippines Casino Launching Today in Clark Freeport Zone
Hann Casino Resort in the Clark Freeport Zone, Philippines is opening its doors today, according to an announcement by its developer, Hann Philippines Inc. This new plan involves the expansion and rebranding of the former Widus Hotel & Casino complex through an investment of $238.3 million by Hann Philippines. Clark Continues to Expand In addition […]
Business
December 9, 2021
Okada Manila IR Operator Changed Name Ahead of NASDAQ Listing
The global trend of rebranding did not pass by integrated casino resort operators after Okada Manila International, Inc., owner of the largest integrated resort in the Philippines. Okada Manila, announced today a corporate name change to “UE Resorts International, Inc.” New Chapter, New Name The new business entity UE Resorts International will continue on the […]
Sports
November 26, 2021
Filipino Lawmaker Warns Online Cockfighting, Gambling Are Country’s New Pandemic
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 […]
Casino
November 18, 2021
The Philippines Adds Third POGO on Non-Compliance List
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 […]
Industry
November 16, 2021
Philippines Posts Strong Gambling Revenues in Q3 2021
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 […]
Casino
November 16, 2021
Resorts World Manila Finally On the Rebound
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 […]
Casino
November 9, 2021
Philippines Ease Restrictions, Casinos Ready to Swing Back in Action
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 […]