Philippines

PCSO chair Jose Jorge Corpuz says he is willing to meet with PNP chief Ronald “Bato” dela Rosa to “clear gray areas” in their fight against illegal gambling.

Another loan sharking syndicate operating in Metro Manila’s casinos has been identified by Philippine authorities.

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year.

 

 

Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.



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The Philippines Charity and Sweepstakes Office is planning to cut funding to the Philippine National Police (PNP), because of what they describe as PNP’s ‘anemic’ performance in their campaign against illegal gambling.

A Singaporean woman has been rescued by Filipino authorities after being kidnapped by three men and a woman at Solaire Resort and Casino on Tuesday.

Philippines’ casinos will now be required to report cash transactions exceeding P5 million (US$98,300), after President Rodrigo Duterte signed the amended Anti-Money Laundering Act (AMLA) on Friday.

The Udenna Group, developer of the Lapu-Lapu Leisure Mactan integrated resort, is set to complete the funding requirements needed for development.

Philippines gross gaming revenue is expected to grow 26 percent year-on-year in 17Q2, driven by proxy betting attracting foreign VIP revenues, along with a low sequential growth in mass, says Morgan Stanley.

Resorts World Manila, which was attacked by a lone gunman last month, is planning to build a new gaming zone and win back the trust of its customers.

Police authorities in Manila are preparing to file criminal charges against the management of Resorts World and its security agency for the deaths of 37 people during the attack on June 2.

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