Business
May 11, 2022
Razon’s Bloomberry to Invest in Two Casino Properties
Bloomberry Resorts Corporation, the gaming and hospitality operator owned by Enrique Razon, announced today that it had filed with the Securities and Exchange Commission (SEC) of the Philippines to inform the regulator about material changes related to an agreement with PH Travel and Leisure Corp. Expanding Razon’s Casino Footprint The filing under Securities Regulation Code […]
Industry
May 11, 2022
Philippines New President Set to Tackle Several Gambling Industry Problems
Ferdinand Marcos Jr., the son of Ferdinand Marcos, has been declared the new president of the Philippines and not many people are looking forward to that as his father was a dictator, tied to corruption and brutality. Now, the new president-elect will have to bring vital decisions concerning the country’s gambling industry. Several Gambling Concerns […]
Industry
May 4, 2022
Philippines Pulls the Plug on E-Sabong with Presidential Approval
The Philippines has had a fraught relationship with e-sabong or online cockfighting which peaked during the pandemic and has been the source of many social ills ever since. Regardless of the infamous cases of kidnappings and some 36 people disappearing over the past year, authorities have been somewhat lackadaisical in their response and Philippines president […]
Industry
May 2, 2022
PAGCOR Q1 2022 Gaming Operations Income Down 66%
Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
Casino
April 28, 2022
PAGCOR Predicts Doubling of Revenue as POGO Licenses Fall
The COVID-19 pandemic has had an impact on the Philippines and its vibrant offshore gaming industry. A total of 22 Philippine Offshore Gaming Operators (POGOs) were shut down last week with the assistance of PAGCOR, the country’s gaming regulator, with the watchdog citing the global health crisis as the reason behind its decision. This was […]
Industry
April 26, 2022
Interventions and Family Support Can Prevent Gambling Addiction
There are many ways to address gambling addiction it seems, and the role of psychological interventions and family support is finally coming into focus. According to Dr Rosalina Caoile, more attention should be put on these practices as they could prove pivotal in stemming addictive practices in the bud and enable individuals to feel better […]
Sports
April 19, 2022
Filipino Police Told Not to Relent on E-Sabong Crime Investigations
The Philippines has enjoyed a return of tourists to its islands and across its casino resorts. However, during the time visitors were gone, the country had to come up with new ways to sustain its public finances and address mounting health bills. One such way was the legalization of e-sabong contests, but this may have […]
Casino
April 18, 2022
Okada Manila Goes Ahead with Early Online Gambling Launch
The Philippines once shunned interactive gambling, but the country realized how useful the additional revenue can be in the absence of tourists and land-based gambling. While some still fear the social ills brought on by expanding online gambling would far outweigh any gains, the short-term seems to be reassuring for the country. This is why […]
Casino
April 12, 2022
PAGCOR Contributes $155M to Philippines Government in 2021
The Philippines has stuck by its gambling industry and it has all paid off. PAGCOR, the country’s gaming regulator, has contributed an estimated $115 million in cash dividends to the National Treasury in 2021, making it one of the biggest taxpayers. President Rodrigo Duterte, a hardliner against all vice, has shown surprising leniency in championing […]
Casino
March 29, 2022
Police Find Baby of Filipino Woman Who Pawned It to Cover E-Sabong Debt
E-sabong has caused a lot of commotion in the Philippines. After the activity was licensed and welcomed by the country in 2021, there have been numerous developments ever since that have made authorities and even ordinary folk question the benefits of this gambling vertical. One of the most shocking developments over the past year has […]
