Philippines

Philippines casino investor, Belle Corporation is looking at a second site to expand its casino venture, local media reports.

The Philippine Economic Zone Authority (PEZA) has made the decision to no longer allow online gaming firms to operate in any of its accredited sites across the country.

Philippine casino operator Bloomberry Resorts Corporation will likely begin development of its second hotel and casino project in early 2018 instead of 2017.

Philippine-listed Leisure and Resorts World Corp (LRWC) posted a 2.4 percent rise in its consolidated net income for the full-year 2016 to P1.1 billion, according to a filing from the company on Tuesday.

The Supreme Court has dropped all civil cases linked to the dispute between DFNN Inc and the Philippine Charity Sweepstakes Office (PCSO) over the “illegal” rescission of its lotto equipment leasing deal.

Tourist arrivals to the Philippines are expected to grow 10 percent to 6.6 million in 2017, says property consultancy Colliers International Philippines.

Entertainment Gaming Asia posted a widened net loss of $5.3 million in 2016, due to lower gaming operations revenue, higher operating expenses and higher taxes in its Philippine operations.

The rapid expansion in live dealer products in Cambodia is fueling demand for increased internet capacity and greater security against cyber attacks from operators in the country, according to Limelight Networks.

Southeast Asia has the world’s fastest growing eSports audience, with signs the region’s land-based operators are beginning to take an interest in how to tap into the potential of this, and other skill-based products, to reach a younger demographic. There has been growing convergence between land-based and online spheres in the region, with the most often cited example being the growth in live dealer tables in jurisdictions such as Cambodia and the Philippines. However, the potential for eSports has so far been largely untapped, despite its explosive global growth.

 

Southeast Asia has the world’s fastest growing eSports audience, with signs the region’s land-based operators are beginning to take an interest in how to tap into the potential of this, and other skill-based products, to reach a younger demographic.

 



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PhilWeb Corporation has announced it has acquired a Pagcor e-Games site in Quezon City, according to a company filing to the Philippine Stock Exchange.

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