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Philippines

The Philippine market regulator faces major changes to its role if a new bill is passed by parliament, while the chair of the organization is facing charges for graft and misconduct over her handling of the online industry, local media reports.

The Philippine Amusement and Gaming Corporation (Pagcor) says it is projecting gross income to reach P61 billion (US$1.2 billion) in 2017.

With mobile internet usage surpassing that of desktop internet usage in 2016, there is no denying that the future lies in mobile. In the gaming space, operators are already upwards of 70 percent of their total user engagement coming from the mobile channel, according to Calvin Kent, CEO of ReelNRG.

 

With mobile internet usage surpassing that of desktop internet usage in 2016, there is no denying that the future lies in mobile. In the gaming space, operators are already upwards of 70 percent of their total user engagement coming from the mobile channel, according to Calvin Kent, CEO of ReelNRG. So, when it comes to game design, if it doesn’t start with mobile, you’re out of the loop.

 



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The Cebu City Council has reportedly endorsed an application for Universal Hotels and Resorts (UHRI) to develop and operate an integrated resort and casino facility in the area.

The Philippines is considering legalizing Bitcoin and other digital assets as securities to be regulated under existing security laws.

Philippine technology firm DFNN saw its earnings continue to surge at the end of September, with net income for the first three quarters of 2017 reaching P121.3 million, up 15,062 percent compared to the prior-year period.

Bloomberry Resorts would see its debt levels rise and a reduction in return on invested capital in the short term if it buys the land on which its Solaire Resort & Casino is based, though longer term it may improve valuations, according to Morgan Stanley.

The owners of Resorts World Manila is planning to introduce the country’s first Ritz Carlton Hotel by redeveloping its Maxims Hotel, local media reports.

According to sources, real-estate mogul Andrew Tan, chairman and CEO of Alliance Global, the company that partially owns Travellers International Hotel Group, deemed it to be the right time for the luxury hotel brand to enter the market as a result of the country’s improving economic status.

Sources say the rebranding will happen sometime within the next three years.

The Asian Poker Tour (APT) has announced it has signed a new three-year exclusive agreement to run its tournaments at Resorts World Manila.

APT and Resorts World Manila’s partnership first dates back to 2010. Since that time, APT has held 18 international poker events at RWM including the monumental APT-RWM Iron Man Poker Challenge back in 2013.

Earlier this year, RWM hosted APT’s biggest event to-date, the APT Championships 2017 Philippines, which ran for 12 days and attracted 733 players representing 36 nationalities.

The Philippine Amusement and Gaming Corporation (PAGCOR) is launching an auction for two parcels of land currently occupied by Bloomberry’s Solaire Resort and Casino.

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