GGRAsia – Philippines

CoD Manila on for Golden Week

May 20, 2014 Newsdesk Features, Latest News, Philippines, Top of the deck

Melco Crown (Philippines) Resorts Corp will open its City of Dreams Manila casino resort during China’s National Day holidays in the first week of October, GGRAsia has learned from three separate...

Travellers reports Q1 profit jump

May 16, 2014 Newsdesk Latest News, Philippines

The operator of Resorts World Manila posted a profit of 1.72 billion pesos (US$39.3 million) for the first three months of 2014, up from 995.4 million pesos a year earlier, the company said in a...

Experts leave panel examining Universal payments

May 15, 2014 Newsdesk Latest News, Philippines, Top of the deck

A panel of outside experts convened by Japan’s Universal Entertainment Corp to investigate US$40 million in payments related to its Philippine casino project said it was disbanding. The...

Okada to face congressional hearings

May 13, 2014 Newsdesk Latest News, Philippines

Japanese gaming tycoon Kazuo Okada may have to appear before members of the Games and Amusement committee of the House of Representatives of the Philippines. Members of the lower house of the...

Bloomberry anticipates double-digit jump

May 13, 2014 Newsdesk Latest News, Philippines

Bloomberry Resorts Corp, the operator of Solaire Resort and Casino, expects at least 10 percent annual growth in gaming volume as its brings in more high rollers from Asia. “Gaming volumes have...

Pagcor takes one for the industry

May 12, 2014 Newsdesk Latest News, Philippines, Top of the deck

After a year of deliberations, gaming regulators in the Philippines have finalised a framework to offset the adverse impact of a mandated shift in the tax regime on the gaming industry. The...

Melco Crown Philippines posts loss

May 09, 2014 Newsdesk Latest News, Philippines

Melco Crown (Philippines) Resorts Corp made a loss of 970.1 million pesos (US$22.2 million) in the first quarter of this year, the company said in a statement today. That was an increase of 631.4...

Solaire operator posts profit in Q1

May 06, 2014 Newsdesk Latest News, Philippines

Bloomberry Resorts Corp, the operator of Solaire Resort and Casino, said it turned in a profit in the first quarter. The casino operator reported a net profit of 1.46 billion pesos (US$32.78 million)...