Philippines

Entertainment Gaming Asia posted a widened net loss of $5.3 million in 2016, due to lower gaming operations revenue, higher operating expenses and higher taxes in its Philippine operations.

The rapid expansion in live dealer products in Cambodia is fueling demand for increased internet capacity and greater security against cyber attacks from operators in the country, according to Limelight Networks.

Southeast Asia has the world’s fastest growing eSports audience, with signs the region’s land-based operators are beginning to take an interest in how to tap into the potential of this, and other skill-based products, to reach a younger demographic. There has been growing convergence between land-based and online spheres in the region, with the most often cited example being the growth in live dealer tables in jurisdictions such as Cambodia and the Philippines. However, the potential for eSports has so far been largely untapped, despite its explosive global growth.

 

Southeast Asia has the world’s fastest growing eSports audience, with signs the region’s land-based operators are beginning to take an interest in how to tap into the potential of this, and other skill-based products, to reach a younger demographic.

 



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PhilWeb Corporation has announced it has acquired a Pagcor e-Games site in Quezon City, according to a company filing to the Philippine Stock Exchange.

Casino operator Melco Crown (Philippines) Resorts Corp. posted a 63.5 percent increase in net revenues to $491.2 million in 2016, driven by a surge in VIP rolling chip turnover.

Philippines integrated resort Okada Manila is set to open a number of its hotel rooms, restaurants and retail shops today.

Travellers International Hotel Group Inc has confirmed that arrangements are being made to refinance the company’s $300 million bond facility which is maturing later this year.

Philippine casino operator Bloomberry Resorts Corporation posted a net profit of P2.3 billion (US$46.1 million) for the year ended December 31, 2016, according to a filing to the Philippine Stock Exchange on Friday.

The Philippines needs to improve its international image to boost tourism numbers and inbound investment, allowing it to achieve its full potential, local operators say.

The Philippines needs to improve its international image to boost tourism numbers and inbound investment, allowing it to achieve its full potential, local operators say. The noise over politics and instability is overshadowing the country's achievements and natural attractions.



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The Court of Appeals has rejected an attempt to stop the historic Army and Navy Club in Manila from being converted to a hotel and casino, local media reports.

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