GGRAsia – Philippines

Business as usual says Okada Manila op as it fights founder

May 13, 2022 Newsdesk Latest News, Philippines, Top of the deck

Tiger Resort, Leisure and Entertainment Inc (TRLEI), controller of the Okada Manila casino resort (pictured) in the Philippine capital, says it is “business as usual” at the property, as it...

Bloomberry 1Q consolidated net revenue up 9pct q-o-q

May 13, 2022 Newsdesk Latest News, Philippines, Top of the deck

Quarterly consolidated net revenue at Bloomberry Resorts Corp rose 9.1 percent sequentially, to PHP7.20 billion (US$137.4 million), in the three months to March 31, versus approximately PHP6.60...

IGT floor system, slots for newcomer Cebu casino NUSTAR

May 12, 2022 Newsdesk Latest News, Philippines, Top of the deck

Gaming equipment supplier International Game Technology Plc (IGT) says it is supplying its IGT Advantage casino management system and IGT games and machine cabinets to NUSTAR Resort and Casino, a new...

Aruze says Philippine court restored Okada to Tiger board

May 12, 2022 Newsdesk Latest News, Philippines, Top of the deck

An email to GGRAsia from casino equipment supplier Aruze Gaming Macau Ltd said a recent Philippine court order would “restore the composition of the board of directors of Tiger Resort, Leisure and...

Bloomberry eyes to invest in Uy’s Cebu, Clark casinos

May 11, 2022 Newsdesk Latest News, Philippines, Top of the deck

Philippine casino resort operator Bloomberry Resorts Corp has signed an initially non-binding agreement – known as a term sheet – to invest in a unit of another Philippine business, PH Resorts...

Suncity listco to sell some units, US$16mln gain expected

May 11, 2022 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Casino investor Suncity Group Holdings Ltd says it has an agreement to sell two groups of wholly-owned subsidiaries, for an aggregate consideration of HKD1.00 (US$0.13). The announcement was made on...

Philippines 1Q casino GGR up 15pct q-o-q to US$627mln

May 11, 2022 Newsdesk Latest News, Philippines, Top of the deck

The Philippine casino sector produced gross gaming revenue (GGR) of PHP32.75 billion (US$626.9 million) in the three months to March 31, up by 14.8 percent from the previous quarter. The tally rose...

Newly-elected president Marcos’ in-tray has gaming

May 10, 2022 Newsdesk Latest News, Philippines, Top of the deck

Ferdinand Marcos Jr (pictured), leader-in-waiting for the Philippines, will have a number of key gaming industry-related items in the in-tray. Taxes from licensed casinos and other forms of...

Melco Resorts 1Q EBITDA of US$56mln, narrows loss

May 06, 2022 Newsdesk Latest News, Macau, Philippines, Top of the deck

Global casino operator Melco Resorts and Entertainment Ltd reported on Thursday a net loss attributable to its shareholders of US$183.3 million for the first quarter of 2022, compared with a net...

Duterte bans cockfights shown online amid abduction probes

May 03, 2022 Newsdesk Latest News, Philippines, Top of the deck

Philippine leader President Rodrigo Duterte (pictured in a file photo) has ordered the “immediate termination” of the country’s cockfighting contest licences relating to events presented online...