Interblock says it has carried out an upgrade for two eight-unit G4 Organic roulettes and added a further 30 play stations and two G4 Organic Roulettes at the Solaire Resort & Casino. The slot management of the property has been satisfied with Interblock's performance with further plans to add baccarat into the Organic Island set up, the company said.

The Department of Finance has told The Philippine Amusement and Gaming Corp to remit 5.8 billion pesos ($130 million) worth of unpaid dividends during the term of President Gloria Macapagal-Arroyo from 2005 to 2010, local media said, citing Pagcor Chairman and President Cristino Naguiat Jr. at a press briefing. He said Pagcor will pay the dividends after checking the accuracy of the amount requested, but said it may take two to three years to settle the debt.

Hero Poker is moving towards relaunching its online poker room in the Philippines, according to reports. The website says the poker room is licensed for real money gaming in the Philippines, and there is a working cashier, the reports said.

Bloomberry Resorts is eyeing the Japanese casino market for its Solaire brand, local media reported chairman Enrique Razon as telling a forum. "Japan has a gaming law in parliament that they are looking to pass. Of course that's a market we would be very, very interested in, without a doubt," Razon was cited as saying. He added he’d be flexible on whether or not the company would seek a partner for any possible venture. However, he added any expansion would be after the completion of the development of Solaire.

The Philippines had gross gaming revenue of about $2.2 billion in 2013, missing its estimates by about 12 percent as a territorial conflict in the South China Sea hurt tourist arrivals from mainland China and Hong Kong, local media reported, citing Pagcor chairman and CEO Cristino Naguiat as telling a business conference. The figure was 10 percent above 2012 revenue, but below his earlier estimate of $2.5 billion gaming industry revenue last year.

The Philippines is likely to enjoy double-digit gaming growth until well into 2015, but past that date growth will be difficult to forecast and the country is unlikely to overtake Singapore in terms of gaming revenues before the end of this decade, ratings agency Fitch says in a report. 

Pagcor’s vice president of gaming licensing and development, Francis Hernando, stated this week that Okada’s casino license may be put on hold pending further investigation into allegations that he and his company, Universal Entertainment, violated the country’s anti-dummy laws.  Okada is pushing ahead to complete construction of his resort in Manila Bay and open as planned by the end of 2015, but Hernando claimed that they may halt construction if the warning were not taken seriously.

Bloomberry Resorts says it has raised 11.42 billion pesos ($254 million) through the sale of notes to finance the expansion of the Solaire Resort & Casino. "The proceeds are intended to partially finance the construction of Phase 1-A expansion of the hotel and entertainment building complex of Solaire Resort & Casino," the company said in a disclosure to the Philippine Stock Exchange. Phase 1-A will include a 308-room all-suite hotel tower, high-end retail area, 1,800-seat lyrical theater and more restaurants.

The Philippine Amusement and Gaming Corporation (PAGCOR) said its remittances to the government came to a record P21.20 billion ($467.8 million) last year. That was more than half of its P40.52 billion gross income in 2013. The company reported net income of 3.09 billion pesos, up 10.4 percent from the year earlier and beating its own net income target by 4.7 percent. Of the corporation’s 40.52 billion peso revenues in 2013, P27.58 billion was generated from its gaming operations. 


Premiere Horizon Alliance Corp said its planning an initial public offering of shares in its gaming company, Digiwave Solutions, in the third quarter of this year. Digiwave is the largest operator of The Philippine Amusement and Gaming Corporation’s E-games stations.