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 […]
Casino
November 16, 2022
Universal Entertainment Expects Major Losses Following Okada Manila Takeover
Ahead of the upcoming financial results report scheduled for November 22, Universal Entertainment Corp, the parent company of Okada Manila Casino Resort operator Tiger Resort, Leisure and Entertainment Inc (TRLEI), has announced that it will probably report major losses resulting to the hostile takeover of the resort by Japanese billionaire Kazuo Okada and his group. […]
Industry
November 15, 2022
Philippines Casino Results Continue to Improve in Q3 2023
The Philippine casino sector is posting yet another strong month of growth amid calls to privatize the sector and make sure that PAGCOR’s say in gambling matters diminishes. Well, the Philippine Amusement and Gaming Corp, posted fresh results that defy such detractors and suggestions as the revenue in the third quarter was up 7.6% on […]
Poker
November 10, 2022
APT Returns to Newport World Resorts in Manila
Newport World Resorts in Manila, the Philippines, will play host to the penultimate event for the Asian Poker Tour this year, which will feature 13 days of intense play, reuniting some of the regional heavyweights. The APT event is a precursor to the last event on the APT is scheduled for December and will be […]
Industry
November 1, 2022
Philippines Now Done With Masks, Almost
The Philippines has dispensed with the mandatory requirement for face masks with an Executive Order signed by President Ferdinand Marcos Jr. This is part of the country’s plans to revitalize tourism and bolster the economy, which has taken a serious hit due to the pandemic. With visitor numbers falling, President Marcos Jr. wants to signal […]
Industry
October 26, 2022
Shut POGOs Down Now Say “Concerned” Business Groups
Three of local business groups in the Philippines have become the latest to oppose the Philippine Offshore Gaming Operators (POGO) in what can be construed as a growing animosity towards the lucrative sector. A report by GMA News, a local media, outlined the latest criticism of the sector and the reasons the three business groups […]
