GGRAsia – Philippines

Suncity eyes Manila casino start 2022-end, resort 2023

Sep 25, 2020 Newsdesk Latest News, Philippines, Top of the deck

A new Manila casino resort (pictured in an artist’s rendering) at the Westside City Project is likely to launch in 2022 at year-end, followed by a “grand opening” of the rest of...

POGOs revenue halved as dozens of ops still shut: Pagcor

Sep 25, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Philippine gaming regulator says monthly regulatory revenue from locally-based online gaming operators has halved to PHP300 million (US$6.2 million), as only 32 out of 60 companies have been...

Okada Manila’s recovery facing significant risks: Fitch

Sep 24, 2020 Newsdesk Japan, Latest News, Philippines, Top of the deck

Philippine casino investor and Japanese pachinko business Universal Entertainment Corp has been affirmed by Fitch Ratings Inc, with a ‘B’ and ‘outlook negative’ assessment on its long-term...

Bloomberry receives new civil suit from Bangladesh Bank

Sep 23, 2020 Newsdesk Latest News, Philippines, Top of the deck

Philippine casino operator Bloomberry Resorts Corp said in a Wednesday filing it had received a copy through the mail of a May 29 civil summons relating to a follow-up court case in the United...

US$23mln follow-on offer of PH Resorts gets SEC initial ok

Sep 22, 2020 Newsdesk Latest News, Philippines, Top of the deck

PH Resorts Group Holdings Inc, a Philippine-listed firm controlled by local entrepreneur Dennis Uy, says it has obtained “pre-effective approval” from the country’s Securities and Exchange...

Philippine casinos produced US$47mln GGR in 2Q: Pagcor

Sep 21, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Philippine casino sector produced in the three months to June 30 just a small fraction of what it usually makes each quarter in terms of gross gaming revenue (GGR), according to data released...

Philippines better growth than Russia, says Summit Ascent

Sep 21, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed casino investor Summit Ascent Holdings Ltd has explained in a Monday filing why more than half the expected proceeds from a nearly HKD1.64-billion (US$208.8-million) rights issue...

Court ruling dismisses Okada’s appeal: Universal Ent

Sep 21, 2020 Newsdesk Japan, Latest News, Philippines, Top of the deck

The Tokyo High Court in Japan has dismissed an appeal by Japanese entrepreneur Kazuo Okada (pictured in a file photo) against a previous ruling ordering him to pay JPY21.3 million (US$203,927,...

Top ranked rich Filipinos in Forbes list have casino stakes

Sep 18, 2020 Newsdesk Latest News, Philippines, Top of the deck

A number of entrepreneurs with casino interests makes the latest list of the “Philippines’ 50 Richest” compiled by Forbes. They owe their ranking not only to the gambling sector, but also to...

Solaire break-even maybe 4Q, Quezon open 2024: analyst

Sep 18, 2020 Newsdesk Latest News, Philippines, Top of the deck

Cost savings and local play at Philippine-based casino operator Bloomberry Resorts Corp mean it might be able to reach break-even by the fourth quarter, in terms of earnings before interest,...