GGRAsia – Philippines

Philippines

Okada side says mogul released from HK graft watchdog bail

Feb 22, 2019 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

A statement issued on Friday on behalf of Japanese gaming entrepreneur Kazuo Okada (pictured) said that Hong Kong’s anti-graft agency the Independent Commission Against Corruption (ICAC), had...

Macau junket business growth fastest overseas: MS

Feb 22, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Junket brands that have made their names by managing Chinese VIP players in the Macau casino market are now seeing their high-roller business overseas growing at a faster rate than in the core...

Lawrence Ho further increases stake in Melco Resorts

Feb 22, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck

Casino entrepreneur Lawrence Ho Yau Lung (pictured) has increased his stake in Nasdaq-listed Asian gaming business Melco Resorts and Entertainment Ltd. It was the second time in fewer than four...

Aristocrat says firm Apac share, digital growth fiscal 2019

Feb 21, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck, World

Slot machine maker and digital games provider Aristocrat Leisure Ltd expects in financial year 2019 to maintain “market-leading share positions across key for-sale segments globally” including in...

No change on Duterte Philippine casino ban: spokesman

Feb 19, 2019 Newsdesk Latest News, Philippines, Top of the deck

Philippine President Rodrigo Duterte has yet to announce any policy change on a declared January 2018 moratorium on new casinos in the country. So said on Monday president spokesperson Salvador S....

Philippines casino GGR up 23pct in full 2018: Pagcor

Feb 19, 2019 Newsdesk Latest News, Philippines, Top of the deck

The Philippine casino industry reported gross gaming revenue (GGR) of PHP187.54 billion (US$3.58 billion) in full calendar year 2018, up by 22.9 percent from the prior-year period, said the...

Philippines’ taxman, Pagcor target POGO operations

Feb 18, 2019 Newsdesk Latest News, Philippines, Top of the deck

The Philippines’ Bureau of Internal Revenue has asked for cooperation from the country’s gaming regulator regarding a requirement that foreign and Philippines-based offshore gaming operators...

Universal Ent back to profit after Wynn Resorts settlement

Feb 15, 2019 Newsdesk Latest News, Philippines, Top of the deck

Japanese gaming company Universal Entertainment Corp returned a net profit of about JPY161.17 billion (US$1.46 billion) last year, having made a net loss of nearly JPY13.43 billion the year before....

Bloomberry gets US$766mln loan for Quezon casino scheme

Feb 12, 2019 Newsdesk Latest News, Philippines, Top of the deck

Philippines-based casino investor Bloomberry Resorts Corp says two of its subsidiaries have signed an agreement for a 10-year loan worth PHP40 billion (US$765.8 million). The proceeds of the loan...

Gaming Concepts, Jade Ent in SE Asia distribution deal

Feb 11, 2019 Newsdesk Industry Talk, Latest News, Philippines, Rest of Asia

A long-term distribution deal has been struck between gaming and technology supplier Jade Entertainment and Gaming Technologies Inc, and casino management and furniture provider Gaming Concepts Group...