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Philippines

GGR and company EBITDA for three integrated resorts in Manila are expected to decline quarter-on-quarter in the 17Q3, according to analysts from Morgan Stanley.

Tiger Resort, Leisure and Entertainment is in talks to acquire holding firm Bright Kindle Resources and Investments Inc (BKR) for the prospective backdoor listing of its Philippines integrated resort.

The Philippine Charity Sweepstakes Office has vowed to clamp down on illegal gambling after discovering that it is losing almost a third of its revenue in its small-town lottery business to illegal operations.

E-games provider PhilWeb Corporation unveiled a new logo on Wednesday, reflecting the company’s license renewal under the leadership of chairman Gregorio “Greggy” Araneta III.

Filipinos’ well-known love for entertainment means the country’s casinos may see significant upside from their non-gaming attractions if they get the mix right, giving Macau a run for its money when it comes to creating a diversified entertainment hub in Asia.

The Anti Money Laundering Council (AMLC) is set to release a new regulatory framework which covers casinos by the third week of October.

Overinvestment in Philippines’ gaming industry is likely to end up in oversupply, says Bloomberry owner Enrique Razon Jr.

At a press launch held at the Discovery Primea on Monday, network service company LR Data announced their partnership with Continent 8, the world’s leading anti-DDOS organization.

Increasing visitation, mass penetration, and a strong local economy will serve as drivers of growth for Manila’s casinos over the next few years, according to Morgan Stanley.

Alliance Global, owner and operator of Resorts World Manila, said it is seeing signs of recovery following the casino attack in June that left 38 people dead.

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