Philippines

The Philippines embassy in China reportedly recorded a 200 percent increase in visa applications from Chinese tourists and businessmen looking to visit the Philippines.

Philippine President Rodrigo Duterte has signed an executive order banning smoking in public places nationwide, local media reports.

Philippine-listed holding company Leisure and Resorts World Corporation (LRWC) saw a decline in net income in the first three months of 2017, due mainly to decreases in income of its various gaming businesses.

With the government finally putting in place regulations on online gaming, the industry is now set for rapid growth, says Pagcor's Jose S. Tria Jr.

Bloomberry Resorts swung to a profit in Q1, boosted by record VIP volumes and rising mass and slot revenues.

Philippine-listed DFNN over the weekend reported a sharp rise in revenue and income for the first quarter of 2017, aided by the company’s increased gaming footprint and adoption of its technology platform.

Resorts World Manila-operator Travellers International Hotel Group Inc saw a 41 percent decline in total income in 17Q1, mainly due to an increase in foreign exchange losses and a decline in finance income.

State-run gaming regulator PAGCOR has announced a new category of offshore license for “Sports Betting on Regulated Wagering Events.”

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.

Philippines’ state-run regulator is set to sell its casinos before the end of the year, a move which will allow the firm to focus on its role as a regulator.

Pages