Philippines

Okada Manila is planning to hire around 8,000 people for its first phase of operation, which is set to open next month.

Philweb Corp., an operator of e-gaming cafes in the Philippines, reported a net loss of P5.4 million (US$109,700) in 16Q3, down from a net profit of P206.1 million in the prior year period.

Philippines-listed Bloomberry Resorts Corp posted an all-time record in gross gaming and non-gaming revenues as well as EBITDA for the first nine months of 2016, helped by cost controls and a jump in Q3 VIP revenue.

Philweb Corp. chairman Gregorio Araneta III says he hopes to secure a license from Philippine Amusement and Gaming Corp. (Pagcor) before year end.

Travellers International Hotel Group Inc., the operator of Resorts World Manila, has posted a 153 percent year-on-year rise in net income for the third quarter of 2016, helped by higher volumes in all operating segments.

Philippine President Rodrigo Duterte has made it clear he’s not concerned about rocking the boat. His actions since taking office have raised alarm bells across the globe due to his heavy-handed crackdown on the drug trade. While foreign investors are wary, some steps may prove positive for the gaming industry. 

Cryptocurrencies such as bitcoin are providing online operators with a new route into the Asian markets that have historically proved tough to penetrate due to the lack of conventional banking options.

Cryptocurrencies such as bitcoin are providing online operators with a new route into the Asian markets that have historically proved tough to penetrate due to the lack of conventional banking options. In fact, experts say bitcoin is already making a sizeable contribution to online gaming in Asia. 



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Macau, once known as a premier gaming destination for high-roller gamblers, has been shifting its weight towards mass gamblers and that change is being reflected in trends on the casino floor.

 

Macau, once known as a premier gaming destination for high-roller gamblers, has been shifting its weight towards mass gamblers and that change is being reflected in trends on the casino floor. Elsewhere in Asia, gaming jurisdictions are also seeing similar changes and gaming manufacturers are tweaking their product lines to better suit the times.



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Philippine casino investor Belle Corp. saw its net income attributed to shareholders rise nearly three fold year-on-year for the third quarter of 2016.

Philippines investor, Belle Corp has terminated its revenue-sharing agreement with bingo operator Leisure Resorts World Corporation (LRWC).

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