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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 […]
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 […]