Philippines

AGB will be hosting the inaugural ASEAN Gaming Summit in March 2017 to throw the spotlight on some of ASEAN's emerging jurisdictions and the opportunities they present.

The Philippines Court of Appeals (CA) has reaffirmed an earlier decision to award DFNN, Inc. P310 million (US$6.2 million) in damages due to the premature termination of its lease agreement with the Philippine Charity Sweepstakes Office (PCSO).

The Chinese government has voiced their concern over the detention of around 1,300 Chinese nationals during a crackdown on online gambling in the Philippines last week.

Philippine-listed Leisure and Resorts World Corp. (LRWC) says its net income declined 17 percent year-on-year in the third quarter of 2016.

It is being speculated that e-gaming operator Philweb Corp. may have its eGaming licenses reinstated under direction from Philippine president Rodrigo Duterte.

The Philippines House of Representatives has launched a congressional inquiry into the operation of illegal cockfight betting in the country.

Online gaming stations in the Philippines that are not running on PhilWeb Corp.’s systems are able to continue operations, but are under tight supervision, local media cited the local regulator as saying.

The Philippines government has begun the process of privatizing the casinos of Philippine Amusement and Gaming Corp. (Pagcor), which is expected to be completed by September 2017.

Okada Manila will likely open with fewer than 500 tables, said CLSA analyst Marcus Liu at a conference in Macau on Wednesday.

Total gross gaming revenue in the Philippines jumped 11.2 percent in Q3, led by higher revenue from casinos in Entertainment City.

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