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Philippines

Asia Pioneer Entertainment, which this month joins just a handful of homegrown Macau gaming names to list on the Hong Kong Stock Exchange, says it sees strong scope for future growth, both in the world’s biggest gambling hub and around Southeast Asia.

Asia Pioneer Entertainment, which this month joins just a handful of homegrown Macau gaming names to list on the Hong Kong Stock Exchange, says it sees strong scope for future growth, both in the world’s biggest gambling hub and around Southeast Asia. The company, which was founded 12 years ago, is raising funds for the next stage of its development.



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Egames software supplier Philweb Corporation today announced it has received the Certificate of Accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR) as an EGS service provider.

The Quezon City Council is reopening discussion on a draft ordinance that seeks to regulate gambling in the city.

The introduction of a new layer of online licenses in the Philippines has created confusion in the industry, with an attempt to set up an national online audit system adding to a mounting crisis of confidence over regulation of the sector.

 

The introduction of a new layer of online licenses in the Philippines has created confusion in the industry, with an attempt to set up an national online audit system adding to a mounting crisis of confidence over regulation of the sector. Industry insiders say something needs to be done and quickly to bring a stable regulatory framework to stop companies leaving the country.

 



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The Philippines Anti-Money Laundering Council (AMLC) on Friday released its new set of rules aimed at strengthening the country’s casinos against illegal money laundering.

Bloomberry chairman Enrique Razon Jr. says the company is pushing ahead with its planned hotel and casino development in Quezon City despite opposition from residents.

The Philippines casino industry saw its gaming revenue rise 6.5 percent year-on-year in the second quarter of 2017, reaching P39.1 billion (US$759 million).

Five members of a casino loanshark syndicate were arrested by the Philippine National Police on Wednesday, facing charges of kidnapping and illegal detention, local media reports.

The men have been accused of kidnapping Korean nationals Yeum Sun Ki and Pan Ho Park and Chinese national Xia Liu – all of whom were detained by the syndicate for failing to pay their debts.

The rising cost of acquiring new online players is forcing operators in Asia to ramp up their customer relationship management (CRM) capabilities in a bid to build deeper bonds and gain more value from existing customers.

 

The rising cost of acquiring new online players is forcing operators in Asia to ramp up their customer relationship management (CRM) capabilities in a bid to build deeper bonds and gain more value from existing customers. In the past, limited competition and high volumes have provided little incentive for Asia facing operators to build a long-term clientele, but that is changing fast. 

 



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The Quezon City government says they have not received any formal applications for the development of a casino in the city.

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