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Casino
April 29, 2021
PAGCOR Off to a Slow Start as Profit Remains Low in the First Quarter
While other areas of the world have seen significant improvements in the COVID-19 fight, the Philippines haven’t been as lucky. The country hasn’t been able to free itself from the grasp of the coronavirus, which forced the government to issue new quarantine restrictions at the end of last month. These restrictions affected casino operators in […]
Casino
January 11, 2021
Court Blocks 5% Franchise Tax on POGOs to Stop Exodus
The Supreme Court of the Philippines has blocked a 5% franchise tax that focuses on POGOs turnover instead of their revenue, leading to many deciding to quit in the end. Philippines Puts the Tax Burden on POGOs The Philippines is struggling with a mass exodus of casino operators that have been leaving due to a […]
Casino
January 4, 2021
PAGCOR Pays $354m in 2020 to Help with Covid-19 Relief Efforts
PAGCOR contributed $354 million to the Bureau of the Treasury in a bid to bolster Covid-19 relief efforts in 2020. PAGCOR Continues to Help in Covid-19 Relief Efforts The Philippines gaming regulator (PAGCOR) has played a key role in offsetting the economic impact the Covid-19 pandemic has inflicted on the country, remitting an estimated $354 […]
Business
January 3, 2021
Rich Goldman Commences Junket Operations in the Philippines
Rich Goldman Holdings announced in a filing to the Hong Kong Exchanges and Clearing (HKEX) December 30, 2020, it signed a profit share agreement with the joint venture partner to commence junket business at Solaire Resort & Casino in Manila. Junket Operations Cleared to Commence The signed profit share agreement between the former Macau junket […]
Industry
December 29, 2020
The Philippines Extends Measures in Metro Manila
The Philippines has extended the lockdown measures on Metropolitan Manila until 31 January next year. Extended Measures On Monday, Philippine President Rodrigo Duterte announced that Metropolitan Manila will remain under general community quarantine (GCQ) until the end of January 2021. Mr. Duterte’s statement was released by the country’s official media agency – the Philippine News […]
Casino
December 20, 2020
Philippines’ Gaming Industry to Revive with E-cockfights and Online Gambling
The Philippines plan to revive its gambling industry by attracting foreign operators, allowing betting for locals, and providing new services such as horse racing and cockfighting. The Philippines Revives Economy with More Online Gambling and Betting The Philippines is moving towards introducing online gambling for local operators, expanding overseas, and coining new gambling products such […]
Industry
December 9, 2020
FBM Continues Its Global Gaming Expansion and Arrives in the Philippines
Global gaming brand FBM continues to expand globally with a new entry into the Philippines bringing both new games and gaming cabinets to the country. FBM’s Slots Development Operation Reaches the Philippines Founded in 2001, gaming market bingo and slot leader FBM is now entering the Dragon Club Casino Filipino Binondo in the Philippines in […]
Casino
December 6, 2020
Okada Manila Warns the Public of Unauthorized Room Sales
Okada Manila casino resort issued advisory notes to warn customers of unauthorized third parties sales, the Asian-Pacific media GGRAsia reports. The gaming complex located on the Entertainment City strip in Parañaque, Metro Manila, in the Philippines said that, besides trying to sell rooms at the resort, unauthorized parties attempted to sell fake Okada Manila-branded scents. […]
Business
November 25, 2020
Philippine Gross Gaming Revenue Increases by 600% in Q3 2020
In the third quarter of 2020, PAGCOR’s GGR increased significantly when compared to Q2 2020. However, a year-on-year comparison for Q3 reveals a decrease of 70% in gaming revenue. PAGCOR Q3 GGR Increases from Q2 2020 Earlier this week, the Philippine Amusement and Gaming Corporation (PAGCOR) revealed the latest numbers outlining the gross gaming revenue […]
Industry
November 24, 2020
PAGCOR to Spend $41.5m to Build 32 Typhoon Shelters
The Philippine’s gaming regulator and operator, PAGCOR, has allocated $41.5 million to building 32 shelters across the country to help one million displaced individuals due to typhoons. PAGCOR Steps in to Help with Typhoon Relief Efforts The Philippine Amusement and Gaming Corp (PAGCOR) continues to be a benevolent entity in the country’s public life, with […]