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Melco Crown PH is world’s best-performing casino stock

Melco Crown Philippines Resorts Corp. is the best-performing casino stock in the world this year. To punters playing baccarat at the company’s City of Dreams venue in Manila, that’s no surprise.

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Philippines Gaming

4/19/2018

article Boracay casino scheme officially intact: Pagcor
(Philippines) -- The Philippines’ gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor), says it is “not aware” of a suggestion that a...
article Chinese firm's Filipino partner denies Boracay casino plan dropped
(Philippines) -- The Filipino partner of Macau casino operator Galaxy Entertainment Group says it has not scrapped its plans to build a casino on Boracay, contrary to...
article Groups Stage Vehicle Caravan to Protest against Boracay Closure
(Philippines) -- Opponents of the planned closure of the Philippine island of Boracay staged a vehicle caravan on Thursday to protest the move, local news outlet...

4/17/2018

article LRWC says no decision made on Boracay, contradicting tourism officials
(Philippines) -- Leisure and Resorts World Corp. has denied that it has shelved plans with Galaxy Entertainment for a casino on the island of Boracay, contradicting...

4/12/2018

article Boracay off-limits to Macau casino firm
(Hong Kong) -- Macau’s Galaxy Entertainment Group Ltd. may open a casino in the Philippines but not on Boracay Island, according to presidential spokesperson Harry...
article 'License for Boracay casino project void’
(Philippines) -- Companies planning to construct a $500-million integrated casino resort in Boracay may have to build their gaming center elsewhere as the provisional...
article Palace torpedoes Boracay casino plan; new strategy sought
(Philippines) -- MALACAÑANG on Thursday insisted no casino would be built on Boracay as ordered by President Rodrigo Duterte, but said it would welcome all investors...
article Philippines shelves casino plan on Boracay
(Philippines) -- The Philippines yesterday shelved a plan by Macau's Galaxy Entertainment Group to build a US$500 million (S$656 million) integrated casino-resort on...

4/11/2018

article Philippine casino proxy betting is AML loophole: U.S.
(Philippines) -- The Philippines’ tolerance of casino proxy gambling, involving bets placed on behalf of someone not physically present in a gaming venue, was one...
article US State Department Accuses Philippine Casino Sector of Ongoing AML Deficiencies
(Philippines) -- The Philippines has tightened anti-money laundering (AML) controls at its casinos, but the gaming sector is still guilty of “ongoing deficiencies...
article Philippines shelves Galaxy's planned $500 mln casino resort on Boracay
(Philippines) -- The Philippines on Wednesday shelved a plan by Macau’s Galaxy Entertainment Group Ltd to build a $500 million integrated casino-resort on a...

4/10/2018

article Senate probe sought on Boracay closure
(Philippines) -- Sen. Antonio Trillanes IV is seeking an investigation into President Duterte’s order to close Boracay Island for six months. Trillanes, a vocal critic...

4/9/2018

article Land reform eyed in Boracay; casinos banned
(Philippines) -- President Duterte has rejected a plan to build a $500-million casino complex on Boracay Island, saying he will place the property under the land reform...
article OP/ED: Loan sharks operating in casinos beware
(Philippines) -- The Committee on Games and Amusements of the House of Representatives, chaired by Rep. Gus S. Tambunting of the Second District of Parañaque City, has...
article Philippines President against Boracay casino
(Philippines) -- Rodrigo Duerte, the President of the Philippines, has joined other high ranking public officials in the Philippine Government in voicing his disapproval...

4/6/2018

article Cimatu says no to building casino in Boracay
(Philippines) -- Environment Secretary Roy Cimatu on Friday, April 6, offered a flat "no" when asked about his personal opinion regarding plans to build a...

4/5/2018

article PAGCOR puts Solaire land back on the market
(Philippines) -- Philippines gaming regulator PAGCOR is calling for more offers for the “negotiated sale” of two parcels of land in Manila that house Solaire...
article Philippines to close world-renowned Boracay island to tourists for six months
(Philippines) -- The Philippines has announced its best-known holiday island Boracay will be closed to tourists for six months over concerns that the once idyllic white-...

4/3/2018

article Philippines’ land-based eGames sector to add live dealer casino
(Philippines) -- The Philippines’ land-based eGames electronic gaming sector could soon be adding live dealer casino games to their product offering.

3/29/2018

article Philippines casino GGR up 14 pct in full 2017: Pagcor
(Philippines) -- The Philippine casino industry reported gross gaming revenue (GGR) of PHP152.55 billion (US$2.9 billion) in full calendar 2017, up by 13.8 percent from...

3/27/2018

article Electronic gaming biggest grower in Philippine casinos
(Philippines) -- The Philippines’ gaming industry enjoyed double-digit growth in 2017, thanks to gains in every sector except retail eGaming venues. This week, the...
article Investment Opportunities in Asian Gaming conference debuts
(Philippines) -- The inaugural Investment Opportunities in Asian Gaming will be held at Solaire Resort & Casino, Manila, Philippines on 5-7 June 2018. It will be the...
article Koko: People, LGUs should have a say in allowing casino projects
(Philippines) -- Senate President Aquilino “Koko” Pimentel III on Tuesday called on casino companies to consult the host local government units before...
article Travellers sees revenue fall 27.6% in 2017 after Resorts World Manila attack
(Philippines) -- Philippines casino operator Travellers International Hotel Group has announced a 27.6% decline in gross gaming revenue to Php17.115 billion (US$327.9...

3/26/2018

article Boracay casino plan may in jeopardy
(Philippines) -- In the Philippines, the plan from Galaxy Entertainment Group Limited to build a $500 million integrated casino resort on the small island of Boracay...

3/24/2018

article Manila officials playing in casinos face heavy fine
(Philippines) -- A bill seeking to impose a heavy maximum fine of $2,000 each for government officials and employees as well as policemen and soldiers found playing in...

3/23/2018

article De Lima airs doubt over casinos’ establishment on Boracay island
(Philippines) -- Detained Senator Leila M. de Lima expressed concern on Saturday over the Duterte government’s plan to convert Boracay island into a gambling haven...

3/22/2018

article Immigration lookout order for gambling tycoon Okada issued
(Philippines) -- The Department of Justice (DOJ) ordered immigration personnel to be on the lookout for Japanese gambling tycoon Kazuo Okada. In a memorandum dated Jan....
article Palace: No summer shutdown for Boracay
(Philippines) -- Tourists may still visit Boracay during the Holy Week because the island will remain open during the summer season, Malacañang said yesterday....
article Gaming tycoon Okada placed on immigration lookout list
(Philippines) -- The Department of Justice (DOJ) has placed Japanese gaming tycoon Kazuo Okada on the immigration lookout bulletin in connection with the estafa and...
article Landing boss still hopeful to get in the Philippine casino market
(Philippines) -- Landing International may be late to the Philippine casino party, but Chairman Yang Zhihui hopes that the Hong Kong-listed company will still be able to...

3/21/2018

article LRWC, Galaxy secure Pagcor license for $500-million resort-casino in Boracay
(Philippines) -- The Philippine Amusement and Gaming Corp. (Pagcor) announced that it has issued a provisional gaming license last Tuesday to Leisure and Resorts World...
article Premium mass market to spur ASEAN integrated resorts’ growth
(Philippines) -- When it comes to revenue growth, casino operators in Southeast Asia may learn a thing or two from Macau’s Cotai Strip business model, analysts...
article Palace defends $500-M casino-resort plan in Boracay
(Philippines) -- Malacañang on Thursday defended the government’s approval of the construction of a casino-resort in Boracay even after President Rodrigo Duterte...

3/19/2018

article Macau casino giant, PH firm to build resort in Boracay
(Philippines) -- Macau casino giant Galaxy Entertainment and its Filipino partner, Leisure and Resorts World Corp, will secure a provisional license for the construction...
article Philippines set to issue license to Galaxy's $500 mln casino resort
(Philippines) -- Macau casino operator Galaxy Entertainment Group Ltd. is set to bag a license for its up to $500 million-integrated casino-resort project in central...

3/18/2018

article Fire at Philippine hotel-casino out, death toll raised to 5
(Philippines) -- Firefighters found two more bodies Monday in a hotel-casino gutted by fire that sent thick, heavy smoke into the sky over the Philippine capital,...
article Hotel casino management denies fire was caused by renovation work
(Philippines) -- The management of The Manila Pavilion Hotel denied reports that the fire which razed the hotel casino on Sunday started at the renovation site in the...

3/17/2018

article Despite woes, Boracay attracts $500-m casino
(Philippines) -- THE plan of a Macau-based casino operator and its local partner to build a $500-million casino-resort in Boracay will proceed despite an impending total...

2/28/2018

article Philippines Westside City Developer to Invest Additional PHP54 Billion in Township
(Philippines) -- One of the future projects in the casino industry of the Philippines is expected to see a boost in its overall budget, as it has been confirmed recently...

2/27/2018

article Developer increases budget for coming Resorts World Westside City
(Philippines) -- In the Philippines, the local property developer behind the under-construction Resorts World Westside City integrated casino resort has reportedly...
article Asia's Casinos Must Learn The Secret Of Las Vegas, Says Master Designer Paul Steelman
(Philippines) -- Three integrated resorts with a combined price tag approaching $5 billion in Entertainment City by Manila Bay have set new standards for the Philippine...

2/23/2018

article Casino tech biz TGG to supply content to Solaire
(Philippines) -- Hong Kong-based TGG Takara Gaming Group said on Thursday that it will start providing its gaming machine product to Solaire Resort and Casino (pictured...
article Phillippines' Gambling load
(Philippines) -- Word is out that one of the giants in Congress wants to stir up the gambling business in this country by creating a super body to oversee it, thus...

2/18/2018

article On-line firm expects strong growth for PH e-casinos
(Philippines) -- Manila-based online-casino Oriental Game expects the Philippines’ offshore gambling sector to register a strong growth this year as operators...

2/11/2018

article No new casinos for now
(Philippines) -- The government will not allow the establishment of new casinos because President Duterte believes there are already enough casinos in the country.

2/7/2018

article Pagcor shuts doors on new casino applicants
(Philippines) -- Philippine gaming regulators have imposed a moratorium on new casino operations after President Duterte expressed concern about their proliferation.
article PAGCOR to Suspend New Casino Licenses under President Duterte Moratorium Order
(Philippines) -- A moratorium on new casino licenses has been set by the Philippine Amusement and Gaming Corporation (PAGCOR). The move of the government-owned and...
article Philippines' Duterte Orders Halt on New Casinos to Prevent Oversupply
(Philippines) -- Philippines President Rodrigo Duterte has ordered a halt on the entry and creation of new casinos to prevent an oversupply in one of Asia's fastest-...

2/5/2018

article 8 Cebu hotels recognized
(Philippines) -- Cebu’s hospitality industry continues to reap the recognition of being of international standards. The latest affirmation came from the Asean...

2/3/2018

article OP/ED: Waste of time
(Philippines) -- The Philippine Charity Sweepstakes Office (PCSO), under its charter, is the principal government agency tasked to provide funds for health programs,...

2/1/2018

press release Waterfront Cebu City Hotel & Casino celebrates 20 years
(Philippines) -- When Waterfront Cebu City Hotel & Casino opened in 1998, it immediately caused a sensation for being the biggest hospitality and leisure facility in...

1/29/2018

article Failed Solaire land auction forces PAGCOR to consider Plan B
(Philippines) -- It’s back to the drawing board for state-run Philippine Amusement and Gaming Corporation (PAGCOR) after the bidding of two parcels of land where...

1/27/2018

article Police, government execs banned from casinos
(Philippines) -- THE National Police Commission (Napolcom) 7 will ensure that appropriate actions will be taken on the policewoman who was caught allegedly gambling...

1/26/2018

article Female PO2, municipal councilor in Cebu arrested for gambling inside casino
(Philippines) -- A police officer and a town councilor were caught inside a casino amid the prohibition of government officials from said gambling establishments.

1/23/2018

article PNP chief unveils anti-gambling sign
(Philippines) -- Philippine National Police Director General Ronald "Bato" dela Rosa on Wednesday unveiled a sign warning government employees against arrest...

1/18/2018

article Duterte wants gov’t workers strictly banned from entering casinos
(Philippines) -- In line with his call to all government workers to avoid lavish lifestyles, President Rodrigo Duterte has ordered the strict implementation of a law...

1/16/2018

article Philippines Mulls Entry Fee Charge at Casinos
(Philippines) -- Gamblers visiting casinos based in the Philippines may soon be charged an admission fee if the government decides to heed the recommendations set forth...

1/15/2018

article The Philippines Bid 2017 Farewell with Lower than Expected Gambling Revenue
(Philippines) -- The gambling industry in the Philippines has been going through a lot of development through the last twelve months and the beginning of this month...

1/14/2018

article Duterte meets with Melco executives
(Philippines) -- President Rodrigo Duterte on Thursday held a meeting with the top executives of Melco Resorts and Entertainment, according to a government news release.

1/12/2018

article PAGCOR 2017 gaming revenue close to $1.19B
(Philippines) -- Gross revenue of state-run Philippine Amusement and Gaming Corporation (PAGCOR) grew by 7 percent in 2017 on the back of strong performance of the...

1/10/2018

article PAGCOR Casino Sell-Off to Be Completed in Next Few Months, Philippines Official Says
(Philippines) -- PAGCOR, the Philippine Amusement and Gaming Corporation, is in the process of unloading its government-owned casinos, as directed by President Rodrigo...
article Raps filed vs 3 Chinese ‘debt collectors’ who adbucted Taiwanese
(Philippines) -- The Parañaque City police on Wednesday filed charges against three Chinese men who allegedly kidnapped a Taiwanese national to force his family into...

1/8/2018

article DOF unit proposes 1,400% increase in casino entrance fee
(Philippines) -- The government's tax research unit proposed increasing entrance fees in Philippine Amusement and Gaming Corporation (Pagcor)-licensed or -operated...

1/7/2018

article High casino fees to deter gambling
(Philippines) -- The government’s tax research arm said the qualifying fee collected by the Philippine Amusement and Gaming Corp. (Pagcor) from casino players...

1/5/2018

article Morgan Stanley bullish on Philippines’ casino GGR for 2018
(Philippines) -- The prospects of the Philippines’ casino industry remain bright for 2018, with analysts forecasting the gross gaming revenues of the country...

1/4/2018

article Okada Manila to expand 2018 Philippine casino GGR: MS
(Philippines) -- The Okada Manila casino resort (pictured) in the Philippine capital is likely in 2018 to make an outsize contribution to private-sector casino gross...

12/30/2017

article Solon proposes entrance charge for casino goers
(Philippines) -- A House leader has sought the collection of a P3,000 casino entrance charge from any person entering a casino and similar gaming establishments.

12/21/2017

article Uy’s Cebu casino likely to list via backdoor
(Philippines) -- Davao-based businessman Dennis Uy is likely to take the backdoor route with the acquisition of H2O Ventures. Uy may use H2O Ventures as the listing...

12/18/2017

article Davao eyes IPO or backdoor listing for Cebu casino
(Philippines) -- Davao-based businessman Dennis Uy may embark on an initial public offering (IPO) or a backdoor listing for his planned casino in Cebu. Nothing is final...
article PAGCOR issues warning to casinos; allow access to minors risk losing license
(Philippines) -- In the Philippines, in an effort to reduce the number of minors who are entering casinos, the Philippine Amusement and Gaming Corporation (PAGCOR)...
article Philippine Business Tycoon Plans Initial Public Offering to Fund Casino Project in Cebu
(Philippines) -- Business magnate Dennis Uy is poised to launch an initial public offering (IPO) or a backdoor listing for his planned casino in Cebu. The move comes as...

12/15/2017

article PAGCOR Warns Casinos: Permit Minors Entry, Lose Your Gaming License
(Philippines) -- PAGCOR, the Philippine Amusement and Gaming Corporation, is in a transition period that will see the gaming authority and operator divest its land-based...

12/11/2017

article Galaxy Entertainment's Philippine casino called 'game changer'
(Philippines) -- Macau-based casino operator Galaxy Entertainment Group is planning to expand into the Philippines in an effort to capitalize on the growing Chinese...
article LWRC, Galaxy eye Boracay casino-resort
(Philippines) -- Local gaming firm Leisure and Resorts World Corp. (LWRC) is in talks with Hong Kong-listed Galaxy Entertainment Group Ltd. (GEG), one of the three...

12/10/2017

article Galaxy says it’s planning resort in Philippines
(Philippines) -- Galaxy Entertainment Group Ltd. is planning to develop a resort in the Philippines as casino operators seek out new markets for growth.

12/8/2017

article Galaxy Entertainment targets the Philippines with $500m IR
(Philippines) -- Galaxy Entertainment Group Ltd has announced plans to invest as much as $500m to build an integrated casino-resort in the Philippines. Galaxy and...
article Macau's Galaxy Entertainment plans up to $500 million Philippine casino resort
(Philippines) -- Macau casino operator Galaxy Entertainment Group Ltd plans to invest as much as $500 million to build an integrated casino-resort in the Philippines,...

12/5/2017

article Pagcor approves PhilWeb services
(Philippines) -- The Philippine Amusement and Gaming Corporation (PAGCOR) revealed that 16 of its eGames cages will receive services from game technology provider...

11/27/2017

article Government mulls new council for casino privatization
(Philippines) -- The government is planning to create a new council which will oversee the privatization of the casinos operated by the Philippine Amusement and Gaming...
article PAGCOR CEO sued over online gambling licensing monopoly
(Philippines) -- A Philippines-based anti-corruption watchdog has filed a graft complaint against the head of the local gaming regulator, accusing her of seeking to...

11/26/2017

article Gambling sites give PH bet to Miss U good odds
(Philippines) -- If online betting sites were to be believed, the odds may be in Binibining Pilipinas-Universe’s favor, as the prestigious beauty pageant stages...
article Pagcor says 2017 revenue likely up 11pct
(Philippines) -- The head of the Philippine casino regulator, a body that also runs some state-owned casinos, says she expects 2017 revenue at the organisation to rise...
article Philippine casino regulator shake-up proposed in bill
(Philippines) -- The name of the Philippine casino regulator might be changed from Pagcor to “Paga” under a major shake-up of the organisation that would...

11/21/2017

article Council backs resort, casino plan in Kawit Island
(Philippines) -- BY a 7-5 vote, the Cebu City Council endorsed to the Philippine Amusement and Gaming Corp. (Pagcor) the application of Universal Hotels and Resorts Inc...

11/15/2017

article Bloomberry Resorts assesses buying land
(Philippines) -- Philippine-based Bloomberry Resorts could soon buy a land where the Solaire Resort & Casino is located but is annalysing a potential debt levels...

11/13/2017

article PAGCOR auctions portions of Solaire Casino land
(Philippines) -- State regulator Philippine Amusement and Gaming Corporation (PAGCOR) is bidding out two parcels of land in Manila’s Entertainment City on which...
article Andrew Tan Adds Ritz-Carlton Hotel to Resorts World Manila Casino Complex
(Philippines) -- Philippine businessman Andrew Tan will bring authentic Ritz-Carlton experience in his home country with the addition of a hotel of that brand to his...

11/2/2017

article Baguio dad proposes regulation of e-gambling, other games
(Philippines) -- To ensure that government will not be deprived of taxes, prevent corruption and deter crimes from happening due to the operation of illegal e-gambling...

11/1/2017

article Philippines to put cops in casinos to watch cops in casinos
(Philippines) -- The Philippines plans to put cops in casinos to monitor other cops in casinos following a police superintendent’s alleged involvement in the...

10/30/2017

article Philippines charges Chinese businessman Jack Lam with bribery
(Philippines) -- In the Philippines, Chinese businessman Jack Lam is reportedly facing the possibility of spending up to five years in prison after being charged by the...

10/29/2017

article QC council reopens draft gambling ordinance for fresh discussion
(Philippines) -- The Quezon City Council has reverted to second reading a draft ordinance that seeks to regulate gambling in the city. In interviews with the Inquirer,...

10/24/2017

article More S. Korean gamblers being abducted in Philippines by loan sharks
(Philippines) -- An increasing number of South Korean gamblers visiting Philippine casinos have been abducted and detained by illegal loan providers due to their failure...
article ‘Dirty money’ law now covers casinos
(Philippines) -- The guidelines of the amended law that includes casinos in the coverage of the Anti-Money Laundering Act will be signed by concerned regulatory bodies...

10/23/2017

article Gamblers to submit ID under new Philippine casino rules
(Philippines) -- Philippine casinos will be required to make all players present an identity document and must also keep records of their gambling activity for at least...

10/20/2017

article Bloomberry to push through with QC casino project
(Philippines) -- Bloomberry Resorts Corp. said it will proceed with a planned hotel and casino development in Quezon City despite opposition from residents. Bloomberry...

10/19/2017

article Philippine casinos flying high in 2017 thanks to junkets, slots
(Philippines) -- Philippine-licensed casino operators got big boosts from junket operators and slot machines in the first half of 2017. This week, the state-owned...
article Kidnapping raps filed against suspects in casino loan shark operations
(Philippines) -- The Philippine National Police Anti-Kidnapping Group (PNP-AKG) filed on Wednesday kidnapping and serious illegal detention complaints before the...

10/18/2017

article No application yet for Bloomberry casino in nearby Philippine city, residents told
(Philippines) -- The Philippine government has allayed fears of Quezon City residents by saying that there’s no formal applications yet for the establishment of a...
article Universal Entertainment “Not Aware” of Kazuo Okada’s Plans to Backdoor-List Manila Casino Resort
(Philippines) -- Universal Entertainment Corp., the Japanese gaming machine manufacturer, said that it had no knowledge of potential attempts by businessman Kazuo Okada...

10/17/2017

article QC gov’t: No plan yet to build casino
(Philippines) -- There are no formal applications yet for the establishment of a casino in Quezon City, according to the city council. The 38-member council issued a...

10/16/2017

article Okada Manila Casino Resort Owner Reportedly Prepares for Philippines Backdoor-Listing
(Philippines) -- Owners of the $2.4-billion integrated resort Okada Manila, located in the Philippine capital, are reportedly in talks with local holding firms for the...

10/15/2017

article Okada seen acquiring holding firm for backdoor listing
(Philippines) -- The group of Japanese gaming tycoon Kazuo Okada is in talks to acquire holding firm Bright Kindle Resources and Investments Inc. (BKR) for the...

10/13/2017

article Group vows to fight Philippine Army-Navy club casino conversion to the end
(Philippines) -- An anti-corruption watchdog will fight tooth-and-nail at the Philippine Supreme Court against plans to convert the historic Army and Navy Club into a...

9/28/2017

article Bloomberry Resorts Corporation eyes PAGCOR casinos
(Philippines) -- In the Philippines, the billionaire businessman behind local casino operator Bloomberry Resorts Corporation has reportedly revealed that the firm may be...
article Gaming Industry in the Philippines Part II – Online Gaming
(Philippines) -- In this second part of a two-part article on the Philippine Gaming Industry, I will focus on the country’s online gaming industry. Together with...

9/26/2017

article Philippines' booming casino sector at risk of oversupply
(Philippines) -- Overinvestment in the Philippines’ thriving casino sector could become a reality as investors chase lucrative returns in Asia’s fastest-...

9/20/2017

article Aussie-Backed Casablanca Casino in the Philippines Close to Reopening Following Spat with Operator
(Philippines) -- A Philippines casino that was shut down by local regulators when its Australian owners failed to stump up the requisite cash to maintain its license...
article Gaming Industry in the Philippines Part I – Casinos
(Philippines) -- In the first part of this two-part article on the Philippine Gaming Industry, I will focus on the country’s casino industry. Together with the...

9/18/2017

article PCSO calls on PNP to go after illegal gambling operators
(Philippines) -- The Philippine Charity Sweepstakes Office (PCSO) on Monday urged the police force to probe illegal gambling operations in the country instead of...
article Philippines’ Casablanca Casino Could Soon Reopen, Frontier Searching for Partner
(Philippines) -- A Philippines casino shut down by the Philippine Amusement and Gaming Corporation (PAGCOR) in February will be ready to reopen soon, according to the...
article Frontier seeks new partner for Philippine casino ops
(Philippines) -- Australia-listed casino investor Frontier Capital Group Ltd said on Friday that it is in discussions with a third party to manage the operations at the...

9/15/2017

article GLI wins accreditation in the Philippines
(Philippines) -- Gaming Laboratories International (GLI) has become the first independent test laboratory to secure approval from the Philippine Amusement and Gaming...

9/14/2017

article Mocha still under probe over casino shows
(Philippines) -- The Presidential Communications Operations Office (PCOO) is still investigating its assistant secretary Margaux “Mocha” Uson’s alleged...

9/11/2017

article Enrique Razon cuts Bloomberry casino stake, raises $75 million
(Philippines) -- Bloomberry Resorts chair and controlling shareholder Enrique Razon has unloaded a 3.18% stake in the Philippine casino company, raising around 3.8...

9/10/2017

article Gov’t to sell 17 state-run casinos next year
(Philippines) -- The Department of Finance (DOF) has set the initial number of government-operated casinos that are expected to be privatized next year.

9/8/2017

article Palace to Mocha: Anywhere but casinos
(Philippines) -- SAYING that it was against the law, Malacañang on Friday discouraged Presidential Communications Assistant Secretary Margaux “Mocha” Uson...

8/31/2017

article QC gambling measure set for review
(Philippines) -- Amid mixed reactions on the proposed responsible gambling ordinance in Quezon City, the 37-member City Council has endorsed the measure to another...
article Sterner gambling regulation in Quezon City
(Philippines) -- The Quezon City council has just finished public consultations on further regulating games of chance. One of the first cities to enact in 2014 a...

8/25/2017

article Travellers seeking to offset RWM losses with insurance claims
(Philippines) -- Travellers International Hotel Group Inc. is seeking insurance compensation for financial losses suffered when the company’s Resorts World Manila...
article Chinese gambling has room to grow in Philippines: MS
(Philippines) -- The market for gambling by Chinese is likely to grow in the Philippines, fuelled by junket-based proxy betting and the prospect of visa-free access for...

8/20/2017

article Bill seeks to make Congress as Pagcor’s sole regulatory body
(Philippines) -- Are there too many regulatory agencies in the gaming industry? Party-list group One Patriotic Coalition of Marginalized Nationals (1-Pacman) has gotten...
article Chinese casino financier nabbed for abducting Korean in Manila
(Philippines) -- A Chinese man was arrested on Saturday for abducting a Korean man, who failed to settle his debt, for 10 days and demanding P4 million for his release.
article Philippine Casino Market Will Not Suffer Cannibalization, Says Analyst
(Philippines) -- The Philippine casino market is a long way off saturation, according to Morgan Stanley, and the Okada Manila’s entrance to the sector will not...

8/17/2017

article Injunction filed against PCSO
(Philippines) -- The Philippine Charity Sweepstakes Office (PCSO) has allegedly violated Berjaya Philippines Inc’s right to control the supply and lease of lottery...

8/15/2017

article Pyramid Lake cultural camp teaches Paiute language to children
(Nevada) -- Sounds of laughter filled the Nixon Gym on July 27 as family, friends and community members gathered to celebrate the Pyramid Lake Summer Cultural Day Camp...
article Philippines to respond security claims
(Philippines) -- Tourists in the Philippines have demanded further security measures against possible terror attacks throughout the integrated resorts areas. President...
article Resorts World Manila reports losses
(Philippines) -- After Resorts World Manila went through a shooting that killed 37 people inside its facility and was forced to close its doors, the casino reported US$6...
article Resorts World Manila Suffers Hefty Q2 Loss in Wake of Deadly June Rampage
(Philippines) -- Resorts World Manila operator Travellers International revealed on Monday the financial damage inflicted by the deadly actions of lone gunman Jesse...
article Lax laws could be a losing bet for The Philippines’ casino industry
(Philippines) -- Poised for big business this year, casino operators in Manila had expected the opening of a $US2.4 billion ($3bn) tropical waterfront resort and an...

8/14/2017

article Millennium to develop casino in the Philippines
(Philippines) -- Millennium Pan-Asia Hotel and Resort Inc and the Philippine Amusement and Gaming Corporation (Pagcor) signed an agreement that gives the company a...
article Philippines removed from AML monitoring
(Philippines) -- The Asia/Pacific Group on Money Laundering (APG), which consists of 41 member countries, said that the Philippines exited the “transitional mutual...

8/12/2017

article Philippines gets taken off APG radar
(Philippines) -- The Philippines has avoided further scorn from the Asia-Pacific Group on Money-Laundering following "significant compliance" in tightening...

8/10/2017

article Philadelphia Gaming Board rules proposed Stadium Complex Casino can proceed
(Pennsylvania) -- In a 7-0 vote Wednesday, the Pennsylvania Gaming Control Board ruled that the proposed Live! Hotel & Casino Philadelphia can proceed with plans to...
article Pagcor opens Manila Bay casino
(Philippines) -- The Philippine Amusement and Gaming Corp (Pagcor) opened yesterday the doors of the newest local casino, Casino Filipino Manila Bay at the Rizal Park...
article Philippines firm breaks ground on The Emerald Resort Hotel and Casino
(Philippines) -- In the Philippines, local firm Udenna Development Corporation recently held a groundbreaking ceremony for the $341 million integrated casino resort it...
article Philippines removed from AML watch after casino inclusion
(Philippines) -- The Philippines has been removed from an international money laundering watch list after enacting a law that brings the nation’s casinos within...
article Waterfront Philippines embarks renovations
(Philippines) -- Waterfront Philippines Inc revealed to the Philippine Stock Exchange that US$32.6 million will be spent in order to renovate the casino operator’s...

8/9/2017

article PAGCOR opens casino despite questions over lease contract
(Philippines) -- The Philippine Amusement and Gaming Corp on Wednesday opened its Casino Filipino Manila Bay at the Rizal Park Hotel, despite controversy over its lease...
article Saipan’s ‘lucrative’ casino lures Filipino gaming aficionados
(Philippines) -- There has been a “gradual increase” in the number of Filipinos gaming aficionados traveling to Saipan for casino gambling, a tourism...

7/24/2017

article Congressional franchises for casinos, mining 'reeks of vested interest'
(Philippines) -- Opposition legislators questioned the House leadership’s push to require congressional franchises for operators of casinos, public transportation...

7/23/2017

article Frontier seeks escrow funds, casino ops still in limbo
(Philippines) -- Australia-listed casino investor Frontier Capital Group Ltd said on Monday that it is still seeking funds to meet the escrow requirements of the...
article OP/ED: Laundering haven no more
(Philippines) -- More than a year after money stolen by cyber criminals from the central bank of Bangladesh entered the domestic financial system and local casinos;...

7/20/2017

article 45 foreigners questioned on abduction of casino high-rollers
(Philippines) -- Agents of the Bureau of Immigration (BI) rescued on Tuesday night a Singaporean woman seized by suspected members of a Chinese kidnap-for-ransom...

7/19/2017

article Duterte signs law including casinos in AMLC coverage
(Philippines) -- President Duterte has signed a law including casinos under the purview of the Anti-Money Laundering Council (AMLC), more than a year after money stolen...
article Philippine police arrest 43 foreigners for kidnap of Singapore woman
(Philippines) -- Philippine police said on Thursday they had arrested 43 foreigners for kidnapping a Singaporean woman at a casino resort in the capital, highlighting...

7/18/2017

article Duterte signs law placing casinos under anti-money laundering coverage
(Philippines) -- The government is flexing its legal muscle to combat dirty money that may pass through local casinos. President Duterte has signed a new law placing...

7/15/2017

article Is the government hedging its bets?
(Philippines) -- If graphic warnings on the hazards of smoking can be printed on every cigarette pack, why can’t similar graphics about the ill effects of gambling...

7/14/2017

article Rodrigo Duterte Favorite To Break Ground on Philippines’ First Casino Outside Manila
(Philippines) -- Plans to build the first Philippine casino resort outside Manila appear to be coming to fruition for businessman Dennis Uy’s Udenna Development...

7/8/2017

article Why steal chips from a casino? Expert explains gambling currency
(Philippines) -- Following last week’s attack at Resorts World Manila in Pasay City, questions on the value of casino chips and why the lone gunman decided to...

7/7/2017

article Philippine Casinos Cleared by PAGCOR as Personal Troubles for Okada Mount
(Philippines) -- Billionaire Kazuo Okada is feeling the heat from investigations into his personal alleged improprieties, but Philippine gaming regulator says that...

7/5/2017

article Manila Casino Aims to Win Back Trust, Expand After Fatal Fire
(Philippines) -- Resorts World Manila, the Philippine casino where 38 people died after an arson attack last month, aims to complete a new gaming zone this year as it...

7/4/2017

article PAGCOR warns gaming licensees not to offer ‘kickbacks’ to officials
(Philippines) -- Philippines-based gambling operators have been formally warned that offering kickbacks to public officials is a guaranteed one-way trip to jail and/or...

7/3/2017

article Philippines government remains bullish on casino privatization plan
(Philippines) -- In the Philippines, the government is reportedly confident that it will continue to earn revenues from the 46 casinos currently owned and operated by...

7/2/2017

article Online gambling conman Robert Gustafsson rises from the dead
(Philippines) -- Like a zombie rising from the dead, infamous con artist Jan Robert Gustafsson appears intent on worming his way back into the online gambling industry.
article Gov’t determined to sell Pagcor casinos
(Philippines) -- The Department of Finance (DOF) is confident the government will continue to earn revenues from state-owned casinos once these assets are unloaded from...
article ISIS 'sanctioned, if not directed' Resorts World attack – expert
(Philippines) -- One month after the Resorts World attack in Manila, terrorism experts tell Rappler they believe the Philippines prematurely dismissed claims by the...
article Resorts World Manila Back in Business After Attack as License Suspension Lifted
(Philippines) -- Resorts World Manila resumed its casino operations on Thursday after a suspension of its gaming license was lifted by Pagcor, the Philippine regulator.

7/1/2017

article Resorts World Manila Cleared for Reopening, PAGCOR Claims Casino Has Addressed Security Shortfalls
(Philippines) -- On Thursday, the property was fully cleared by the Philippine Amusement and Gaming Corporation (PAGCOR) to open its doors to the space where the...

6/30/2017

article One year on: Gambling in the time of Rodrigo Duterte
(Philippines) -- The sound of phones ringing incessantly inside the Philippine Stock Exchange drown out the gasps of traders as they watch the share price of gaming...
article Resorts World Manila is reopened
(Philippines) -- International touristic attraction in Philippines, Resorts World Manila reopened its doors yesterday after two weeks of investigations related to the...

6/29/2017

article Investments, tax reforms highlight Duterte’s first year
(Philippines) -- THE government secured investment commitments, including so-called submarket loans worth at least $46 billion, in the inaugural year of President...
article Philippines: Resorts World Manila resumes operations
(Manila) -- Resorts World Manila Thursday announced resumption of operations following the lifting of its suspension by the country’s amusement and gaming...
article Resorts World Manila reopens gaming area
(Philippines) -- Integrated gaming operator Resorts World Manila (RWM) resumed its gaming operations on Thursday as the Philippine Amusement and Gaming Corporation (...
article RWM incident to lower Pagcor’s revenue
(Philippines) -- Andrea Domingo, head of the Philippine Amusement and Gaming Corporation (Pagcor), has revealed that the country’s gaming regulator is expecting a...

6/28/2017

article PAGCOR bracing for losses as result of Manila casino attack
(Philippines) -- The Philippine Amusement and Gaming Corporation (PAGCOR) is preparing itself for significant losses in the month of June as a result of the attack at...

6/25/2017

article Bill amending AMLA to cover casino deals
(Philippines) -- A proposed bill amending the Anti-Money Laundering Act will set P5 million as the threshold for a single casino transaction, a congressional leader said...

6/24/2017

article Proposed Entry Fee at Philippines Casinos Would Suppress Gaming Revenue, PAGCOR Says
(Philippines) -- Casinos in the Philippines might soon begin charging guests PHP3,000 ($61) to enter, as one lawmaker believes an admission fee would help fight problem...

6/22/2017

article Tiger Resort sacks Kazuo Okada as board chairman
(Philippines) -- Japanese billionaire Kazuo Okada has been removed as board chairman of Tiger Resort, Leisure and Entertainment, Inc. (TRLEI), Okada Manila has announced.
article Officials warn against introducing an entrance fee at Philippine casinos
(Philippines) -- Recently, the Representative Rodolfo Albano – a member of the Philippine House of Representatives – presented a bill that would implement an...

6/21/2017

article Lawmaker admits casino gambling
(Philippines) -- A lawmaker has inadvertently admitted to gambling in casinos during a congressional inquiry into the Resorts World Manila incident where a lone gunman...

6/20/2017

article Top Resorts World exec asks lawmakers to allow casino-hotel to resume operations
(Philippines) -- A top executive of the Resorts World Manila (RWM) has asked the government to allow it to operate again after the country’s gaming regulator...

6/19/2017

article Companies up security game after casino attack
(Philippines) -- Gaming firms, establishments in the metropolis have beefed up security measures following the rampage by a lone gunman at integrated gaming resort...

6/18/2017

article P5-M threshold for casinos too high, says AMLC exec
(Philippines) -- A member of the country’s Anti-Money Laundering Council (AMLC) said the P5- million threshold for casinos is too high and should be lowered to...
article Companies up security game after casino attack
(Philippines) -- Gaming firms, establishments in the metropolis have beefed up security measures following the rampage by a lone gunman at integrated gaming resort...

6/17/2017

article Philippines Cracks Down on Problem Gamblers in Wake of Casino Rampage
(Philippines) -- Philippine gaming authorities had alerted all casinos in the country not to allow Jessie Javier Carlos on their properties, just two months before he...

6/16/2017

article PAGCOR opens bidding process
(Philippines) -- The Philippine Amusement and Gaming Corporation (PAGCOR) is in the search of suitors to create and administrate an intermediation platform for its POGO...

6/15/2017

article PCSO is gaming, not gambling – Balutan
(Philippines) -- THE Philippine Charity Sweepstakes Office (PCSO) reiterated its commitment to responsible gaming to ensure people are protected from the adverse...
article Before attack, gunman thrown out of Resorts World casino
(Philippines) -- A former government employee who set fire to gaming tables and tried to steal millions of pesos in casino chips at Resorts World Manila last June 2 was...
article Resorts World Manila Ready to Reopen, Without Casino Gambling for Now
(Philippines) -- Resorts World Manila is beginning the process of reopening to the public, after a disgruntled gambling addict torched the casino floor and a hotel room...
article 406 gambling addicts banned from PH casinos
(Philippines) -- The Philippine Amusement and Gaming Corporation has banned hundreds of gambling addicts from casinos all over the country to promote responsible gaming.

6/14/2017

article DOT eyes revision of accreditation rules to cover casino complexes
(Philippines) -- INTEGRATED casino resorts are not required to accredit their establishments with the Department of Tourism (DOT). In an interview with the...

6/13/2017

article PEZA agrees to compromise on hosting online gambling
(Philippines) -- The Philippine Economic Zone Authority is not closing its doors completely to online gambling firms wanting to locate in PEZA-accredited buildings and...
article '300 rounds' of gunfire during Resorts World attack
(Philippines) -- Resorts World Manila president Kingson Sian says victims who were hiding – and eventually died of suffocation – likely thought there was...
article Resorts World to 'preserve and defend' casino license
(Philippines) -- The operator of Resorts World Manila said Tuesday it would "preserve and defend" its casino license, which regulators suspended after an arson...

6/11/2017

article Deadly attack casts a dark shadow over future of Philippine casinos that generate $3 billion each year
(Philippines) -- After the deadly arson attack in Resorts World Manila, a dark cloud of doubt has been cast over the emerging gaming hub in the country, that enjoys...
article Manila casinos reel from attack
(Philippines) -- An arson attack by a gunman on a Manila casino has cast doubt over a fledgling gambling centre that enjoys state backing but has stiff regional...
article OP/ED: Gov’t hypocrisy and the attack on Resorts World
(Philippines) -- The deadly incident last June 2 at Resorts World Manila (RWM) trains the spotlight on an appalling hypocrisy that has smeared previous administrations...
article Philippine casinos that rake in $3 billion annually look to get past deadly attack
(Philippines) -- After the deadly arson attack in Resorts World Manila, a dark cloud of doubt has been cast over the emerging gaming hub in the country, that enjoys...
article Police identify Manila casino killer
(Philippines) -- They said he was a Filipino, Jessie Javier Carlos, who had heavy gambling debts, and was not a terrorist. Some gamblers there were injured when they...

6/10/2017

article Autopsy belies claim Resorts World attacker was shot by casino security
(Philippines) -- The police on Thursday belied the claim of Resorts World Manila's management that Jessie Carlos, the gunman who attacked the posh casino hotel last...

6/9/2017

article PAGCOR issues suspension order vs. Resorts World Manila
(Philippines) -- The Philippine Amusement and Gaming Corporation has ordered Resorts World Manila (RWM) to indefinitely stop all its gaming operations in the wake of...
article Philippine gaming regulator suspends Resorts World Manila casino operations
(Philippines) -- Resorts World Manila will not be able to resume casino operations until the Philippine gaming regulator rules on the company's liability for the...
article Proposed casino fees for locals comes back from the grave in Philippine House
(Philippines) -- In what could be described as a knee-jerk reaction to last week’s Resorts World Manila (RWM) casino rampage, Philippine legislators are reviving...
article Solon seeks to impose P3K casino entrance fee
(Philippines) -- Following an attack at Resorts World Manila by a lone gunman that left 38 dead, casino goers may soon pay a P3,000 entrance fee once this bill filed in...

6/8/2017

article Congress to seek authority to license, regulate casinos
(Philippines) -- House Majority Leader Rodolfo Fariñas said Thursday he would file a bill to transfer the power to regulate and grant licenses to casinos to Congress...
article 3 questions answered at House probe into Resorts World attack
(Philippines) -- Lawmakers spent more than 10 hours grilling Resorts World Manila executives and top law enforcement authorities to determine why lone gunman Jessie...
article Families of casino attack victims eye class suit
(Philippines) -- A man holds back tears as he lights candles for victims in an attack at the Resorts World Manila complex, Friday, June 2, 2017, in Manila, Philippines.
article House starts probe on Resorts World attack
(Philippines) -- Three House of Representatives’ panels on Wednesday started a joint legislative inquiry on the alleged security lapses and other failed safety...
article Lawmaker wants P3,000-casino entrance fee after Resorts World attack
(Philippines) -- A lawmaker is pushing for a measure that would require casinos to charge steep entrance fees to deter the poor from gambling.

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