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Casino
January 24, 2022
Philippines: Casino Operators, PAGCOR Help Typhoon Victims
Back in December 2021, a catastrophic tropical cyclone dubbed Typhoon Odette struck the Philippines. Odette left thousands of residents without a home and access to water or food during Christmas and New Year. But casinos in the country did not hesitate and immediately stepped up to help the victims of the typhoon. PAGCOR Helps Typhoon […]
Casino
January 17, 2022
The Philippines to Extend Limited Capacity Protocols for Casinos, Venues
The Philippines will keep casinos in its capital, Manila, operating at limited capacity for the next two weeks as the government assesses the situation and tries to stem the tide of the latest COVID-19 wave. The alert level in the capital has been set at Level 3 and will remain so through January 31, 2022. […]
Legal
January 10, 2022
Philippine Court Clears Okada Manila Founder of Fraud
A legal battle involving Kazuo Okada that has been brewing for years is now only going to gain strength. The Court of Appeals of the Philippines has rescinded fraud allegations against the Japanese billionaire entrepreneur and Takahiro Usui, an associate, regarding claims of misappropriation of more than $3 million from Tiger Resort, Leisure and Entertainment […]
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 […]