GGRAsia – Philippines

Philippines

Retained earnings revamp in Melco Philippines tender idea

Oct 23, 2018 Newsdesk Latest News, Philippines, Top of the deck

The majority shareholder in Melco Resorts and Entertainment (Philippines) Corp is proposing a “quasi-reorganisation” relating to certain retained earnings, at conclusion of the tender offer to...

No problem with Boracay casino ban: Domingo aide

Oct 23, 2018 Newsdesk Latest News, Philippines, Top of the deck

A person described as an aide to the head of the Philippine gaming regulator has been indirectly quoted by local media as saying the body had no problem with a request from a government task force to...

Prosecutors tweak graft case vs ex-Pagcor boss Genuino

Oct 22, 2018 Newsdesk Latest News, Philippines, Top of the deck

Prosecutors have asked the special court that tries official corruption in the Philippines, for permission to drop one of three graft charges prosecutors had filed against Efraim Genuino, the former...

Owner of CoD Manila operator drops delist plan

Oct 22, 2018 Newsdesk Latest News, Philippines, Top of the deck

The majority owner of Melco Resorts and Entertainment (Philippines) Corp, the operator of the City of Dreams casino resort in Manila (pictured), withdrew on Friday its petition for voluntary...

Melco Resorts Philippines delisting process held up again

Oct 19, 2018 Newsdesk Latest News, Philippines, Top of the deck

The majority owner of Melco Resorts and Entertainment (Philippines) Corp, the operator of the City of Dreams casino resort in Manila, has postponed again its effort to take the company private. Melco...

City of Dreams Manila opens virtual reality zone

Oct 15, 2018 Newsdesk Latest News, Philippines, Top of the deck

City of Dreams Manila investor Melco Resorts and Entertainment (Philippines) Corp, which recently pledged commitment to the Philippine casino market despite the firm wish of its own main investor to...

Melco faith in Manila market despite local delist plan

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

Melco Resorts and Entertainment (Philippines) Corp, operator of the City of Dreams Manila casino resort (pictured) in the Philippine capital, has issued a public statement pledging its commitment to...

Philippines tells casinos retain client digital records

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

The Anti-Money Laundering Council in the Philippines has announced guidelines that will see casinos made responsible for keeping digital records of their customers in their own central databases. The...

Without a boss, Landing Intl in dark about stock movements

Oct 03, 2018 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Casino resort investor Landing International Development Ltd says it cannot account for unusual movements in the price of its stock on Tuesday and unusual volumes of the stock traded. The company...

Melco Resorts Philippines delays share tender offer

Oct 02, 2018 Newsdesk Latest News, Philippines, Top of the deck

Melco Resorts and Entertainment (Philippines) Corp says its majority shareholder is deferring for “approximately two weeks” a tender offer for those Melco Resorts Philippines shares that are...