Philippines

Philippines integrated resort Okada Manila is slated to formally open its doors next month, according to Philippine Amusement and Gaming Corp. chair Andrea Domingo.

The Philippine Amusement and Gaming Corp. (Pagcor) posted a strong increase in gaming revenue in 2016, amid a crackdown on online gaming by President Duterte.

Okada Manila parent company, Universal Entertainment Corporation has revised its forecasted net income for the fiscal year ending March 31, 2017 to JPY 270.5 billion (US$2.4 billion).

The Philippine Charity Sweepstakes Office (PCSO) on Tuesday officially launched its expanded Small Town Lottery (STL) in an effort to stamp out illegal gambling.

The Philippines Amusement and Gaming Corporation (PAGCOR) has disclosed that Jack Lam owes the regulator around P13.9 billion (US$278.3 million).

First Cagayan Leisure and Resort Corporation says it is looking to make substantial upgrades to its technical infrastructure in order to be more competitive against Pagcor’s new online gaming licenses.

Genting HK-owned Star Cruises has announced its first-ever homeport deployment of SuperStar Virgo to Manila, a move that the company says caters to the growing Philippines outbound tourism industry.

Philippines-listed Travellers International Hotel Group, operators of Resorts World Manila, says it had disbursed the last of the proceeds from its 2013 IPO in the fourth quarter of 2016.

The Department of Justice (DOJ) has announced it will be cracking down on illegal online casinos, as well as chase tax liabilities of small town lottery (STL) operations.

The Philippine Stock Exchange has finally approved the sale of the 653.1 million Philweb shares belonging to founder Roberto Ongpin to Gregorio Araneta III.

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