GGRAsia – Philippines

Universal Ent dips to 2019 loss despite Okada Manila boost

Feb 17, 2020 Newsdesk Japan, Latest News, Philippines, Top of the deck

Japanese gaming conglomerate Universal Entertainment Corp swung to a net loss in year ending December 31, it said in a Friday filing. Such loss was JPY5.19 billion (US$47.3 million) compared to a...

Philippine police, Pagcor to discuss illegal gambling

Feb 13, 2020 Newsdesk Latest News, Philippines, Top of the deck

Officials from the Philippine National Police are to meet with representatives from the country’s gaming regulator in order to discuss ways to curb illegal gambling in the country. The date of...

Flat January GGR at Okada Manila, but EGMs do well

Feb 13, 2020 Newsdesk Latest News, Philippines, Top of the deck

The promoter of the Okada Manila casino resort (pictured) in the Philippine capital said the property’s total January gross gaming revenue (GGR) was almost flat year-on-year. Such GGR was...

Ent City 2019 GGR up 17pct, 4Q junket dip: Pagcor

Feb 12, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Philippine gaming regulator said that total 2019 gross gaming revenues (GGR) for all casinos in the country rose 15.4 percent to nearly PHP216.39 billion (US$4.28 billion), from PHP187.54 billion...

Frontier Capital says casino, hotel making profits again

Feb 05, 2020 Newsdesk Latest News, Philippines, Top of the deck

Australia-listed casino investor Frontier Capital Group Ltd says it has “re-established” profitable operations for its Stotsenberg Hotel and Casino (pictured) in the Philippines,...

Jade Sportsbet for Okada Manila with RPM Gaming tech

Feb 04, 2020 Newsdesk Latest News, Philippines, Trends & Tech

Jade Entertainment and Gaming Technologies Inc says it has a deal to deploy RPM Gaming Ltd sports betting technology at the Okada Manila casino resort in the Philippines. The utilisation of RPM...

APE to lease gaming equipment for Cebu’s Jpark Island

Feb 03, 2020 Newsdesk Latest News, Philippines, Top of the deck

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd announced on Monday an agreement to lease electronic gaming equipment to Glimex Inc for use at Palace Casino in Jpark Island Resort, a...

Casinos beyond Macau face virus risk on cash flow: S&P

Feb 03, 2020 Newsdesk Coronavirus Crisis, Latest News, Philippines, Rest of Asia, Singapore, Top of the deck

Asia-Pacific casino operators beyond Macau have cash-flow risk – and in some cases debt service risk – in relation to China’s coronavirus emergency, because of their exposure to the mainland...

Pagcor net income dips 71pct in full-year 2019

Jan 31, 2020 Newsdesk Latest News, Philippines, Top of the deck

The Philippine casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), saw its 2019 net income dip by 71.4 percent year-on-year to PHP9.01 billion (US$177.2 million), according to data...

Taiwan folk warned of risk re Philippine gaming jobs

Jan 30, 2020 Newsdesk Latest News, Philippines, Top of the deck

People from Taiwan should be aware of “risks” relating either to incurring gambling debts or to working in the Philippine gaming sector. These included the possibility of either kidnap or...