GGRAsia – Philippines

Philippines

Trading of Melco Resorts Philippines shares suspended

Dec 11, 2018 Newsdesk Latest News, Philippines, Top of the deck

The trading of shares of Melco Resorts and Entertainment (Philippines) Corp has been suspended since Monday, after a recently-completed tender offer to take some its shares out of public ownership...

Universal places US$600mln in debt to fund Okada Manila

Dec 10, 2018 Newsdesk Latest News, Philippines, Top of the deck

Japanese gaming company Universal Entertainment Corp says it has completed a private placement of notes worth US$600 million that will help pay for the construction of the Okada Manila casino resort...

Philippine GGR at US$3bln in year to Sept 30: Pagcor

Dec 05, 2018 Newsdesk Latest News, Philippines, Top of the deck

Gross gaming revenue (GGR) in the Philippines stood slightly above PHP158.36 billion (US$3 billion) in the first nine months of 2018, says the Philippine Amusement and Gaming Corp (Pagcor). GGR for...

Melco Philippines share tender put float below rules

Dec 05, 2018 Newsdesk Latest News, Philippines, Top of the deck

Melco Resorts and Entertainment (Philippines) Corp, the operator of the City of Dreams Manila casino resort, has confirmed that a recently-completed tender offer to take some its shares out of public...

Universal Ent yet to start US$18-mln share buyback

Dec 04, 2018 Newsdesk Japan, Latest News, Philippines, Top of the deck

The management of Universal Entertainment Corp says it has not yet started buying back its stock in the manner it pledged. The Japanese gaming company told the JASDAQ Securities Exchange on Monday...

Pagcor must licence Waterfront casino: Court of Appeals

Dec 03, 2018 Newsdesk Latest News, Philippines, Top of the deck

The Court of Appeals (CA) in the Philippines has upheld a previous ruling that ordered the Philippine Amusement and Gaming Corp (Pagcor) to issue a provisional gaming licence to Waterfront...

Okada Manila could become leading casino resort: Fitch

Dec 03, 2018 Newsdesk Japan, Latest News, Philippines, Top of the deck

Okada Manila casino resort (pictured) in the Philippines “has good potential to establish itself as a leading integrated resort (IR)” in the capital’s Entertainment City, says Fitch Ratings...

Melco Resorts Philippines to redeem remaining notes

Nov 29, 2018 Newsdesk Latest News, Philippines, Top of the deck

Melco Resorts and Entertainment (Philippines) Corp says its management has approved the redemption of the remaining PHP2-billion (US$38.2 million) 5.00-percent fixed rate corporate secured notes. The...

Senator wants probe on growing Philippine casino biz

Nov 29, 2018 Newsdesk Latest News, Philippines, Top of the deck

An opposition politician in the Philippines has filed a Senate resolution calling for hearings into the expanding number of bricks and mortar casinos and of Philippines-based online gambling...

Bloomberry share sale ban stays for Weidner firm: report

Nov 26, 2018 Newsdesk Latest News, Philippines, Top of the deck

The Court of Appeals in the Philippines has confirmed an earlier ruling by a lower court that prevents Global Gaming Philippines LLC – a unit of U.S.-based Global Gaming Asset Management LLC, which...