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Business
October 18, 2021
Okada Manila Ready to Land on NASDAQ
Okada Manila is ready to be seen on NASDAQ. The company is launching on the exchange through a convoluted merger with a special purpose acquisition company (SPAC), 26 Capital Acquisition Corp., and, provided everything goes according to plan, the new company will have a total equity value of $2.5 billion. Okada Manila Hits NASDAQ According […]
Sports
October 11, 2021
J9.com Becomes Global Partner for FIBA
The International Basketball Federation (FIBA) has revealed a new partnership with the Philippines-based sports betting operator, J9.com. As a result, J9.com will have access to all major basketball events hosted by the organization through 2024. J9 will secure signage and presence in key FIBA competitions, including the FIBA Continental Cups for men and women as […]
Casino
October 11, 2021
AMLC Asks PAGCOR to Revoke Two Offshore Gaming Operators Licenses
In September, it transpired that POGOs or Philippine Offshore Gaming Operators had shorthanded the state budget by $28 million. Now, the Philippines’ Anti-Money Laundering Council (AMLC) is taking action against two of the 36 licensed POGOs, which have failed or outright refused to meet compliance checks as demanded by regulation. The watchdog has singled out MG Universal Link […]
Business
October 6, 2021
Bloomberry Demands Documents That Could Confirm GGAM’s Alleged Frauds
Bloomberry Resorts, the Philippine gambling operator, has requested a federal judge to order a gaming company from the US to show documents that confirmed its alleged frauds. Global Gaming Asset Management (GGAM) has sued Bloomberry after what a Singapore arbitrary panel has labelled a wrongfully terminated contract with the Las Vegas-based company back in 2016. […]
Business
October 6, 2021
PH Resorts Rethinks CFZ Casino Plans as Philippines Continue to Fight COVID-19
The Clark Freeport Zone (CFZ) in the Philippine province of Pampanga is meant to be a massive hub of commercial activity, an attempt to bring additional income to the area. Casinos are a significant part of it, but one company has decided to take a step back and rethink its CFZ strategy. PH Resorts Group, […]
Industry
September 29, 2021
PAGCOR Plans Six-Figure Grant for Casino Filipino Cities
It’s been a rough couple of years for the Philippines, but things seem to be finally improving. Millions of dollars have been lost because of COVID-19 and the recovery process is going to take several years to complete. The Philippine Amusement and Gaming Corp (PAGCOR) is hoping it can help by giving cities and governments […]
Legal
September 23, 2021
Philippines President Duterte Signs New Controversial Tax Law on POGOs
Philippines President Rodrigo Duterte has just officially signed a new controversial tax scheme into law and it concerns all Philippine offshore gaming operators (POGO). Today, Malacañang Palace announced that Duterte has enacted the Republic Act 11590 as a part of the efforts of the nation to boost its revenue, which the nation sees as one […]
Casino
September 20, 2021
James Patrick Bondoc Succeeds Late PAGCOR Board Member
PAGCOR appoints James Bondoc as a board member, as the organization presides over a strong growth of iGaming revenue in the Philippines. New Appointment at Helm of PAGCOR’s Social Responsibility Group The Philippine Amusement and Gaming Corporation (PAGCOR) has appointed James Patrick Bondoc to its board of directors. Bondoc previously served as the company’s Corporate […]
Industry
September 8, 2021
Metro Manila to Stay On Lockdown, Inhibiting Gaming Recovery
The Philippines had a brief respite from the COVID-19 pandemic recently, but it didn’t last very long. With new issues emerging, existing health restrictions that should have been lifted by now are going to remain in place a little longer. Metro Manila is the hardest hit, and will stay on “modified enhanced community quarantine” until […]
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), […]