Philippines

Travellers International Hotel Group Inc., the operator of Resorts World Manila, has posted a 153 percent year-on-year rise in net income for the third quarter of 2016, helped by higher volumes in all operating segments.

Philippine President Rodrigo Duterte has made it clear he’s not concerned about rocking the boat. His actions since taking office have raised alarm bells across the globe due to his heavy-handed crackdown on the drug trade. While foreign investors are wary, some steps may prove positive for the gaming industry. 

Cryptocurrencies such as bitcoin are providing online operators with a new route into the Asian markets that have historically proved tough to penetrate due to the lack of conventional banking options.

Cryptocurrencies such as bitcoin are providing online operators with a new route into the Asian markets that have historically proved tough to penetrate due to the lack of conventional banking options. In fact, experts say bitcoin is already making a sizeable contribution to online gaming in Asia. 



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Macau, once known as a premier gaming destination for high-roller gamblers, has been shifting its weight towards mass gamblers and that change is being reflected in trends on the casino floor.

 

Macau, once known as a premier gaming destination for high-roller gamblers, has been shifting its weight towards mass gamblers and that change is being reflected in trends on the casino floor. Elsewhere in Asia, gaming jurisdictions are also seeing similar changes and gaming manufacturers are tweaking their product lines to better suit the times.



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Philippine casino investor Belle Corp. saw its net income attributed to shareholders rise nearly three fold year-on-year for the third quarter of 2016.

Philippines investor, Belle Corp has terminated its revenue-sharing agreement with bingo operator Leisure Resorts World Corporation (LRWC).

Philippine casino investor Belle Corp has joined a consortium developing a new international airport and seaport at Sangley Point, Cavite.

Philippines’ gaming operators stand to benefit from the Duterte administration’s closer ties with China, with more mainland Chinese tourists expected to travel to the Philippines to play.

Frontier Capital Group Ltd, the owner of Hotel Stotsenberg and Casablanca Casino in the Philippines has announced the resignation of its director and COO.

A bill that mandates casinos to report all suspicious transactions to the Anti-Money Laundering Council (AMLC), regardless of the amount, has been proposed in the Philippines’ House of Representatives.

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