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Industry
April 18, 2024
Chinese Embassy Backs the Philippines’ Crackdown on Offshore Gambling
The Chinese Embassy in Manila has voiced its support for the Philippines’ endeavors to tackle issues associated with offshore gambling operations. This statement comes in the wake of recent arrests of Chinese nationals linked to Philippine Offshore Gaming Operators (POGO), involving possession of high-powered firearms and attempted bribery. Illegal Gambling Remains a Pressing Concern The […]
Legal
March 21, 2024
Bloomberry Ends Hostilities with GGAM via $300M Settlement
Bloomberry Resorts Group, one of the Philippines’ gambling leaders, has at last settled its conflict with Global Gaming Asset Management (GGAM), agreeing to buy its GGAM-owned shares back in a $300 million deal. This would effectively mark the end of a lengthy court battle. The issue stems from Bloomberry’s decision to cancel its contract with […]
Casino
March 18, 2024
Subic Freeport Welcomes New Convention Resort and Casino
Across the globe, integrated resorts offer premium hospitality, entertainment and gaming experiences. Large-scale resorts, bringing amenities such as luxury hotel accommodation, dining and shopping outlets, as well as casino gambling and recreational activities provide economic stimulus and boost the visitations for regions where they are located. One such large-scale project will be the first integrated […]
Industry
March 15, 2024
The Philippines Is Poised to Surpass Singapore’s Gaming Industry, PAGCOR Chief Says
The Philippines is bullish on overtaking Singapore and becoming the second-largest destination for gambling tourism in Asia after Macau. This sentiment was expressed by Alejandro Tengco, chair & CEO of the Philippine Amusement and Gaming Corporation (PAGCOR). Tengco commented on the matter during a Tuesday interview and pointed out that the rapid expansion of the […]
Poker
March 12, 2024
PokerStars Announces APPT Events at Okada Manila
Prestigious online poker operator and organizer of land-based poker tournaments, PokerStars, has announced two events as part of the Asia Pacific Poker Tour (APPT) in 2024: the APPT Manila Championship and the APPT Manila 2024. Okada Manila to Host the APPT The APPT will be held at the iconic casino resort Okada Manila in the […]
Business
March 4, 2024
Solaire Resort’s FY23 GGR Hits 97% of Pre-Pandemic Levels
Bloomberry Resorts Corporation, which owns and operates Solaire Resort Entertainment City, has reported consolidated net revenue of Php11.9 billion ($212 million) in Q42023 for the Manila-based integrated destination resort that spreads across an 8.3-hectare site. The figure, which marks a 3% year-on-year rise compared to 2022’s fourth quarter, was partially generated with the help of […]
Legal
February 19, 2024
PAGCOR Shuts Down Illegal Gambling Operation, Arrests 12 People
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that a dozen people have been arrested for involvement in illegal online gaming operations. According to the Philippine regulator, the operation was carried out on February 16 in Parañaque City. A total of 12 people were arrested in the operation which was carried out by the National […]
Industry
January 5, 2024
The Philippines Hopes to Exit the FATF Grey List by the End of the Year
The Philippines is bullish on exiting the FATF grey list this year. To that end, the country’s president, Ferdinand R. Marcos Jr has asked all government agencies to fix the regulatory shortcomings identified by the Financial Action Task Force. According to reports, Marcos’ directive was communicated to agencies during a recent meeting. During that meeting, […]
Business
November 27, 2023
Coinbursts Prepares to Hit Asian Markets
Coinbursts, a startup iGaming operator, is preparing to hit the Asian and Philippine market by the end of the month. Owned by ievolution, a European online gambling company, the new site seeks to capitalize on the gaming opportunities in Asia. Where the Wins Keep Bursting Operating under the slogan “Where the Wins Keep Bursting,” Coinbursts […]
Industry
November 21, 2023
Philippines Crack Down on AEPs in the Wake of POGO Trafficking Incident
The Philippine authorities continue the crackdown on Philippine Online Gaming Operator-related crime. Previously, authorities busted an illegal POGO operation that was involved in human trafficking and found that a number of local police workers may have been involved. In the wake of the raid, the Philippine Department of Labor and Employment (DOLE) will undergo a […]