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The Latest in philippines
Casino
January 17, 2023
US Court Discards RCBC Dismissal Claim Over 2016 Bangladesh Cyber Heist
The 2016 cyber heist resulted in the loss of $81 million to Philippine casinos so the RCBC is facing accusations of negligence in failing to prevent cybercrime. It is also facing accusations that it did not implement adequate security measures to prevent the theft of such a large sum of money. The New York Supreme […]
Industry
January 5, 2023
PAGCOR Reports 62% Increase in Self-Exclusion Requests Year-On-Year
The total number of self-inclusion requests for the whole of 2022 was 333, while the requests in 2021 were only 206. The 2022 number was the highest on record for the past four years. This is mainly due to the COVID restrictions that were in place for casinos during 2020 and 2021. 157 of the […]
Casino
January 3, 2023
Wanted Illegal Gambling Boss Arrested in the Philippines
Zhanhong is wanted in China over his alleged participation in illegal gambling operating out of Shandong province in the country. He was arrested on Monday by the Philippines Bureau of Immigration which was tipped by homologs in China. Zeng was apprehended on board one of Air China’s aircraft as he was leaving Ninoy Aquino International […]
Industry
December 30, 2022
PAGCOR Warns Consumers Not to Participate in Illegal Gambling
The regulator, which also operates casinos in the Philippines, insisted that the measure was needed so that players would avoid becoming the victims of scams or falling prey to identity theft, or credit card fraud. PAGCOR Continues to Raise Awareness for Responsible Gambling PAGCOR reminded players that gambling on such websites was a criminal act […]
Industry
December 16, 2022
Senator Calls for Tougher Action on POGOs as Kidnappings Continue
Allegations for crimes related to the Philippine Offshore Gaming Operators (POGOs) once again reignited the debate on whether or not the government can act accordingly and enforce the law. Such crimes have increased recently, which caused a Philippine Senator to ask the government for an official position about the future of POGOs. POGO-Related Crimes Continue […]
Business
December 15, 2022
Universal Entertainment Reports Major Loss Resulting from Okada Manila Takeover
Following a delay in the announcement of third quarter financial results due to the Okada Manila Casino Resort scandal, Universal Entertainment, the Japan-based parent company of the Philippine casino operator Tiger Resort, Leisure and Entertainment Inc (TRLEI), finally posted its results revealing the fulfillment of forecasts for big losses in connection with the scandal. Universal […]
Casino
December 13, 2022
Philippines Finance Secretary Calls for Sale of PAGCOR Casinos
Pressure keeps mounting on Philippine Amusement and Gaming Corporation (PAGCOR) as yet another of the country’s politicians has called for the privatization of casinos run by the watchdog. Finance Secretary Highlights PAGCOR Conflict of Interest Benjamin Diokno, Department of Finance Secretary, has joined in the chorus of voices asking for the privatization of the casinos […]
Industry
December 7, 2022
Jade Entertainment Teams up with BetConstruct for a New Sportsbook
Jade Entertainment and BetConstruct have once again joined their efforts to launch a new sports betting brand in the Philippines. The new sportsbook is called Jade Sportsbet and will operate in both the digital and retail sectors. Jade Entertainment Launches Jade Sportsbet in the Philippines Jade Entertainment, which came close to winning the Casino Supplier […]
Casino
December 6, 2022
Philippines’ Second Richest Man to Build New Casino Resort
One of the Philippines’ richest people, Manuel Villar Jr, is planning to build a new integrated resort casino as the country’s gambling industry is picking up. Villar Jr has chosen the sight of the Global South retail shopping complex as the new location, which he owes, thus sparing himself some of the technicalities around buying […]
Industry
November 23, 2022
Philippines Gambling Industry Set to Hit $10B by 2027
The Philippines casino industry is set to continue growing over the next several years, with gross gaming revenue set to reach $10 billion by 2027, GCG Gaming Advisory Services, a consultancy firm, outlined, cited by Asgam. Many Reasons for Optimism Moving Forward According to GCG, there is significant and consistent growth in the gambling industry […]