Philippines

Okada Manila Reports 24% Revenue Decline In Q1 2024

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
Tiger Resort Leisure and Entertainment Inc, the Okada Manila casino resort operator, reportedly revealed the resort's financial result for the first quarter of 2024. According to the operator's filings made on ...

Newport World Resorts Hits Newest Yearly High in GGR for 2023; Non-Gaming Income up 40%

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino moguls, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
It was recently revealed that Newport World Resorts managed to reach the newest yearly high in terms of gross gaming income collected for the previous year, surpassing PHP34.2bln, which is roughly $600.38m. Add...

Melco International Records a Loss of HK$1.74 Billion in 2023, Narrowed from $5.11 Billion

Vanja Mitic
Latest Casino and Gambling News, Casino News, Casino reviews from Macau, Casinos of the Philippines, Gaming Industry News, Cyprus, Economy/Finance, Macau, Financial Press Releases, Philippines
Macau’s concessionaire Melco Resorts & Entertainment’s parent company, Melco International Development Ltd, reportedly lost HK$1,74 billion (US$222 million) in 2023. The loss is attributable to the owners. ...

Bloomberry Resorts Corp Ends Dispute with GGAM by Signing US$300m Settlement Agreement

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Philippines
Bloomberry Resorts Corporation, owner of Solaire Resort, revealed that it has managed to reach a settlement agreement in its 10-year legal dispute with previous ally Global Gaming Asset Management (GGAM) Philip...

PAGCOR Chairman Says Philippines Gaming Market to Become Second Largest in Asia

Vanja Mitic
Latest Casino and Gambling News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases, Philippines
PAGCOR, a Philippine Amusement and Gaming Corporation, spent years working hard on establishing the Philippines as one of the leading gaming markets in the world, and its efforts are finally paying off. Accordi...

Groundbreaking Ceremony For $300M Convention Resort and Casino At Subic Bay, Philippines

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, European Casino News, France, Asian Casino News, Philippines
A foundation stone laying ceremony was held on March 14 for the newest casino, resort and convention center, called Subic Sun Convention Resort and Casino, Inc., in Subic Bay. However, the said complex will be ...

Bloomberry to Open Solaire Resort North in May 2024, Unveils FY 2023 Results to Report $170m in Net Income

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, Casino openings, New Hotels, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, Online Gambling News, Financial Press Releases, Philippines
Following the $1 billion development, the Solaire Resort North integrated resort will open its doors to visitors by the end of May 2024. Run by the leading Philippine resort operator Bloomberry Resorts Corporat...

PAGCOR Releases Statement Denying Misinformation About Plans For Privatization

Marija Malenovic
Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) has officially published a statement combating misinformation regarding its plans for privatization. The impact of misinformation: In the aforementioned ...

PAGCOR Wants To Lower Fees For iGaming Operators to 35% In March, Says Tengco

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Asian Casino News, Online Gambling News, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR), the gaming regulatory agency of the Philippines, revealed that it will lessen the fees imposed on iGaming providers to 35% in the 3rd month of this ongo...

PAGCOR Boosts Its Share of Income To National Government, But Lags Behind Pre-Pandemic Levels

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Taxation, Asian Casino News, Taxes, Philippines
It was recently reported that the Philippine Amusement and Gaming Corp. (PAGCOR) increased its handout to the country in the first 11 months of 2023, but it still fell short of pre-pandemic numbers. Boost: ...

2024 Philippine Gaming Industry GGR To Reach PHP336.38bln, Says Tengco

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
CEO and President of the Philippine Amusement and Gaming Corporation (PAGCOR), aka the gaming regulator of the Philippines, Alejandro Tengco, estimates that the gross gaming income (GGR) of the Philippines this...

Philippine Gaming Industry Generates US$1.24 Billion in Q3 2023 to Exceed Prepandemic Levels

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
Gross gaming revenues of the Philippine gaming industry reached the level of Php68.8 billion (US$1.24 billion) in the third quarter of 2023. The figure reportedly represents a 20.1% increase when compared to th...