Philippines

Casino operator Melco Crown (Philippines) Resorts Corp. posted a 63.5 percent increase in net revenues to $491.2 million in 2016, driven by a surge in VIP rolling chip turnover.

Philippines integrated resort Okada Manila is set to open a number of its hotel rooms, restaurants and retail shops today.

Travellers International Hotel Group Inc has confirmed that arrangements are being made to refinance the company’s $300 million bond facility which is maturing later this year.

Philippine casino operator Bloomberry Resorts Corporation posted a net profit of P2.3 billion (US$46.1 million) for the year ended December 31, 2016, according to a filing to the Philippine Stock Exchange on Friday.

The Philippines needs to improve its international image to boost tourism numbers and inbound investment, allowing it to achieve its full potential, local operators say.

The Philippines needs to improve its international image to boost tourism numbers and inbound investment, allowing it to achieve its full potential, local operators say. The noise over politics and instability is overshadowing the country's achievements and natural attractions.



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The Court of Appeals has rejected an attempt to stop the historic Army and Navy Club in Manila from being converted to a hotel and casino, local media reports.

Gaming suppliers, facing the challenge of changing audience demographics and new technology, need to move to “bigger and brighter” machines to lure clients into casinos, industry experts say.

The Cagayan Economic Zone Authority wants discussions with the Philippines’ two other online regulatory bodies to establish a common fee structure and regulations to clear up confusion amongst operators in the country.

Philippines Gaming and Amusement Corp Chair Andrea Domingo said the regulator is planning to greatly expand its program to license offshore online gaming licenses now it is comfortable it is able to properly monitor and regulate activities.

Philippine Amusement and Gaming Corp Chair Andrea Domingo is predicting strong gross gambling revenue growth for the market again in 2017 and says the regulator is not in a hurry to divest its own casinos, because since January this year they have been generating a profit.

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