• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Leisure and Resorts to raise US$40mln via share issuance

Mar 08, 2022 Newsdesk Latest News, Philippines, Top of the deck  


Leisure and Resorts to raise US$40mln via share issuance

Philippine gaming investor Leisure and Resorts World Corp says its board of directors has approved the issuance of just above 1.27 billion common shares of the firm’s unissued capital, with the intent of raising nearly PHP2.10 billion (about US$40.3 million). The shares will be issued at a price of PHP1.65 apiece, according to a Tuesday filing.

Some wholly-owned units of Leisure and Resorts run land-based gaming operations, including VIP gaming clubs in Philippine casinos, and electronic gaming machine halls. The group also has an online gaming licensing arm.

Leisure and Resorts had previously been linked to a US$500-million casino plan for the Philippine holiday island of Boracay, which at the time was described as a partnership with Macau casino operator Galaxy Entertainment Group Ltd.

In February, the Philippine firm said the group’s newest gaming brand, BingoPlus, had conducted a soft launch for a product called “online traditional bingo”. The company said it was “the first online traditional bingo licensed” by the country’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor).

Leisure and Resorts reported gross revenue of PHP1.88 billion in the nine months to September 30, 2021, down 33.8 percent from the prior-year period. The company narrowed its net loss for the period to PHP465.2 million, from PHP785.5 million in the first nine months of 2020.


  • tweet
Related articles
  • Universal Ent counterclaims are desperate: 26 Capital
    Universal Ent counterclaims are...

    Mar 21, 2023  

  • Pagcor ends contract with POGO auditor, flags legal action
    Pagcor ends contract with POGO auditor,...

    Mar 10, 2023  

More news
  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  

  • Pagcor mulls pure regulator role via US$1.5bln casinos sale
    Pagcor mulls pure regulator role via...

    Mar 21, 2023  


Latest News

Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s

Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s

Mar 22, 2023  

Moody’s Investors Service says it expects adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for Macau casino operator SJM Holdings Ltd to reach approximately HKD4...
Read More
Pagcor mulls pure regulator role via US$1.5bln casinos sale

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Mar 21, 2023  

Macau ops getting overseas visitors via private jets: report

Macau ops getting overseas visitors via private jets:

Mar 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are seriously considering the privatisation of all Pagcor-operated casinos”

Alejandro Tengco

Chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor)



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau ops getting overseas visitors via private jets: reportMacau ops getting overseas visitors via private jets: report March 21, 2023
  • SJM Holdings to sponsor Macao Golf Open for next 3 yearsSJM Holdings to sponsor Macao Golf Open for next 3 years March 21, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us