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Philippines

Casino operator Galaxy Entertainment Group is looking to expand its gaming business to the Philippines, according to industry sources.

A Chinese casino financier has been arrested for illegally detaining a Korean national who failed to settle his debt, local media reports.

Philippines-listed PhilWeb Corp. will be able to operate again after receiving the green light from the Philippine Amusement and Gaming Corp. (Pagcor) to become a service provider, Philstar reports.

The opening of Okada Manila hasn’t cannibalized the gaming revenues of Manila’s integrated resorts, with GGR rising 20 percent, 28 percent and 13 percent quarter-on-quarter in 17Q2, according to a note from Morgan Stanley on Thursday.

The Makati Regional Trial Court has issued a writ of preliminary injunction against the Philippine Charity Sweepstakes Office (PCSO) for allegedly violating Berjaya Philippines Inc’s exclusive right to supply and lease lottery equipment in the Luzon territory.

Real estate consultancy firm Colliers International has urged the government to quell tourists’ safety and security fears following terror attacks in Mindanao and the June 2 attack at Resorts World Manila, according to a report from Manila Times.

Travellers International Hotel Group reported a lower-than-expected profit for the first half of 2017 after a June 2 attack shut down gaming operations at Resorts World Manila.

Millennium Pan-Asia Hotel and Resort Inc. has obtained a Provisional License from Philippine Amusement and Gaming Corporation (PAGCOR) to develop a $300 million integrated resort and casino in Mandaue, Cebu.

Bloomberry Resorts said second quarter consolidated net profit grew 47.4 percent year-on-year to P1.96 billion (US$38.5 million), attributed to robust growth in its Philippines gaming operation.

The Philippines has avoided further scorn from the Asia-Pacific Group on Money-Laundering following "significant compliance" in tightening their AML regulations.

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