• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Pagcor 5-year pause on Manila casino permits: reports

Mar 22, 2017 Newsdesk Latest News, Philippines, Top of the deck  


Pagcor 5-year pause on Manila casino permits: reports

The Philippines will have a five-year pause on issuing further casino licences for the capital Manila, amid industry concerns of oversupply, said Andrea Domingo, the head of the country’s gaming regulator.

Her comments – reported by media outlets – came on Tuesday during the first day of the ASEAN Gaming Summit in Manila.

Ms Domingo, the head of the Philippine Amusement and Gaming Corp (Pagcor), was quoted by several outlets saying the body was “protecting” the interests of existing investors, “who have taken the risks earlier”.

It was also reported by the Nikkei Asia Review that the four licensees from Manila’s Entertainment City – a zone for private-sector, large-scale casino resorts – had filed what it referred to as a “position paper” last month calling for the moratorium on new permits in Manila.

One of the reported signatories to the position paper, Bloomberry Resorts Corp, has said it is planning a new casino at Quezon City, north of the capital, under its existing licence.

The Nikkei Asia Review reported Ms Domingo as saying Pagcor expects nationwide gross gaming revenue (GGR) of PHP155 billion (US$3.08 billion) to PHP160 billion  this year, a 30 percent increase on the official target the body had set for 2016. In the end, 2016 market GGR performance had exceeded the official forecast, at reportedly PHP149 billion. That means the 2017 target was only 7 percent higher year-on-year than the actual 2016 tally.

In Manila’s Entertainment City zone, where minimum investments of US$1 billion have been mentioned by Pagcor as a key condition for a casino licence, Bloomberry Resorts was first to market with Solaire Resort and Casino, which opened in March 2013.

Melco Crown (Philippines) Resorts Corp, controlled by Melco Crown Entertainment Ltd, is the operator of City of Dreams Manila in Entertainment City. It had a December 2014 soft launch followed by an official launch in February 2015.

Tiger Resort, Leisure and Entertainment’s Okada Manila resort, owned by Japan’s Universal Entertainment Corp, started a preview period in December – including a portion of the gaming operation but not the hotel facilities – and is due to have an official opening this year.

Westside City Resorts World, promoted by Philippine firm Travellers International Hotel Group Inc, is currently scheduled to launch in 2021.

In 2009, Travellers International opened the first of the new generation of private-sector Manila gaming resorts, called Resorts World Genting at Newport City near Manila International Airport. For that project, the economic value is shared by Travellers International partners Alliance Global Group Inc and casino cruise ship operator Genting Hong Kong Ltd.

Despite the moratorium on more Manila licences, Pagcor is welcoming applications for other parts of the country with more modest capital expenditure, according to media accounts.

Reuters news agency reported Ms Domingo as saying on Tuesday that Pagcor had approved a US$500-million application from a Filipino company for a casino resort at Lapu-Lapu City on the island of Cebu. It further reported her saying a Hong Kong-based firm is applying for a licence to invest US$300 million in a casino venture on the adjacent island of Mandaue.

A group of potential investors in a US$1.4-billion casino project slated for Cebu had dropped out because of “perceived political risks and other issues in the country,” said a letter filed with the Philippine Stock Exchange on March 15.


  • tweet
Related articles
  • Boracay casino scheme officially intact: Pagcor
    Boracay casino scheme officially...

    Apr 20, 2018  

  • Galaxy Ent drops Boracay project, looks elsewhere: reports
    Galaxy Ent drops Boracay project, looks...

    Apr 17, 2018  

More news
  • Macau regulator approves Lucky 6 side bet for baccarat
    Macau regulator approves Lucky 6 side...

    Apr 25, 2018  

  • China lottery sales up 6pct March, 9pct for 1Q
    China lottery sales up 6pct March, 9pct...

    Apr 25, 2018  


Latest News

Macau regulator approves Lucky 6 side bet for baccarat

Macau regulator approves Lucky 6 side bet for baccarat

Apr 25, 2018  

Macau’s casino regulator has approved the introduction of a new betting option for the casino game of baccarat as it is offered in the local market. The announcement was published in the city’s...
Read More
China lottery sales up 6pct March, 9pct for 1Q

China lottery sales up 6pct March, 9pct for 1Q

Apr 25, 2018  

Konami wins Carnival Corp casino management tech deal

Konami wins Carnival Corp casino management tech deal

Apr 25, 2018  

Slideshow

Macau casinos celebrate Chinese New Year

Interviews

  • BMM prepped for Macau EGM regulation update: White
    BMM prepped for Macau EGM regulation update: White

    Jan 04, 2018  

    BMM Testlabs “ticks all the boxes” with regard to its...
  • Japan, Cambodia, Vietnam casino biz to watch: Klebanow
    Japan, Cambodia, Vietnam casino biz to watch: Klebanow

    Dec 08, 2017  

    The regulated casino industry is well versed in dealing...
  • Cloud services, e-Sports highlights of MGS 2017: Chun
    Cloud services, e-Sports highlights of MGS 2017: Chun

    Oct 23, 2017  

    The presence of some of the leading cloud computing...
  • Crunch time for Tokyo casino option: Caesars exec
    Crunch time for Tokyo casino option: Caesars exec

    Jul 11, 2017  

    The Tokyo local election setback for Japan’s governing...
  • Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo
    Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo

    Jul 06, 2017  

    A multibillion U.S. dollar casino project on Vietnam’s...

Pick of the Day

"As CEO, I am not interested in looking at the rear-view mirror… I am only focused in the future"

Matt Maddox

Chief executive of Wynn Resorts and Wynn Macau



Most Popular

  • NagaCorp starts pile cap work for Russia casino: regulatorNagaCorp starts pile cap work for Russia casino: regulator April 23, 2018
  • Macau Legend plans min US$300-mln further Laos inputMacau Legend plans min US$300-mln further Laos input April 24, 2018
  • Wynn Macau Ltd profit doubles, peninsula revamp soonWynn Macau Ltd profit doubles, peninsula revamp soon April 25, 2018

Copyright 2017 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us