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Philippines

Philippines-listed Travellers International, operator of Resorts World Manila, reported a loss of P407.9 million for the third quarter of 2017.

Bloomberry Resorts Corporation (BLOOM PM), owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, posted record Q3 mass table drop and gross gambling revenue from electronic gaming machines, while VIP volumes slipped.

Offshore gambling operators made up of 25 percent of all office leasing transactions in the nine months to September 2017, according to a report from Colliers International.

Universal Entertainment Corp has announced its plans to start operating its all-weather beach club, nightclub and space, Cove Manila, starting in December.

81 Chinese nationals were arrested on Tuesday for their alleged involvement in illegal gambling operations.

The Caraga police has intensified its campaign against illegal gambling in the region, with anti-gambling operations up 125 percent year-on-year.

The year started strongly for the Philippine gambling industry, but a series of setbacks have put the market on track for a lacklustre performance in 2017.

Belle Group’s gaming subsidiary Premium Leisure Corp (PLC) saw its net profit rise 57.5 percent year-on-year in the third quarter of 2017, due mainly to strong gaming revenues from City of Dreams Manila.

The Philippine Amusement and Gaming Corporation has released a clarification announcement regarding the recent Certificate of Accreditation which was granted to e-games operator Philweb Corporation.

The Philippine Amusement and Gaming Corp. (Pagcor) has posted net income of P4.4 billion in the nine months to September 30, 2017, a 36.3 percent increase from the prior-year period.

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