GGRAsia – Philippines

Philippines

Boracay casino scheme officially intact: Pagcor

Apr 20, 2018 Newsdesk Latest News, Philippines, Top of the deck

The Philippines’ gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor), says it is “not aware” of a suggestion that a venture involving Macau casino operator Galaxy Entertainment...

Galaxy Ent drops Boracay project, looks elsewhere: reports

Apr 17, 2018 Newsdesk Latest News, Philippines, Top of the deck

Macau casino operator Galaxy Entertainment Group Ltd has reportedly shelved plans to develop a casino resort on the holiday island of Boracay in the Philippines, local media outlets reported on...

Philippine casino operator Bloomberry in US$1.4bln loan

Apr 12, 2018 Newsdesk Latest News, Philippines, Top of the deck

Bloomberry Resorts and Hotels Inc, a unit of Philippine casino investor Bloomberry Resorts Corp, has taken out a PHP73.5 billion (US$1.41 billion) loan with a syndicate of seven Philippine banks. A...

Galaxy Ent will not get a Boracay casino: Duterte aide

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

The Philippine government has shelved a plan by Macau casino operator Galaxy Entertainment Group Ltd to build a US$500-million casino resort on the Philippine holiday island of Boracay, several...

Philippine casino proxy betting is AML loophole: U.S.

Apr 11, 2018 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

The Philippines’ tolerance of casino proxy gambling, involving bets placed on behalf of someone not physically present in a gaming venue, was one of the “ongoing deficiencies” of the...

Duterte says has no plans for Boracay casinos: reports

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

Comments by President Rodrigo Duterte (pictured) reported on Monday have thrown confusion on the precise status of a casino resort project for the Philippine holiday island of Boracay by Macau casino...

Landing Int leasing Manila land for ‘integrated resort’

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

Casino resort investor Landing International Development Ltd says it has agreed to lease 9.5 hectares (23.5 acres) of land in Manila, the Philippine capital, to “develop an integrated leisure and...

Settlement with Wynn Resorts a win-win: Universal

Apr 06, 2018 Newsdesk Latest News, Philippines, Top of the deck, World

The decision of U.S.-based casino operator Wynn Resorts Ltd to reach a compensation settlement with Japanese gaming conglomerate Universal Entertainment Corp over cancellation of some Wynn Resorts...

Philippine regulator nods new casino resort for Clark

Apr 06, 2018 Newsdesk Latest News, Philippines, Top of the deck

Philippine-listed Filinvest Development Corp announced on Thursday that it and a subsidiary had secured a provisional licence from the country’s gaming regulator, the Philippine Amusement and...

Bloomberry net profit more than doubles in 2017

Apr 06, 2018 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Asian casino developer Bloomberry Resorts Corp posted a net profit of PHP6.06 billion (US$116.4 million) in the year ending December 31, it said in a filing to the Philippine Stock Exchange on...