Philippines

The Philippine Amusement and Gaming Corporation has begun a study into the possible sale of more than 40 “productive assets” to end conflicts of interest arising from being both a casino operator and regulator, local media reported, citing Maricar Bautista, assistant vice president for corporate communications.

An arbitration tribunal in Singapore has ruled that units of Bloomberry Resorts Corporation were wrong to terminate their partnership with Global Gaming Philippines LLC.

Philippines state-owned gaming regulator Pagcor has officially rejected Philweb’s proposal to roll out text-lottery. In a letter dated on September 20 to Philweb, Pagcor chair Andrea Domingo said that after a review of the recommendations of “pertinent departments and deliberations of the board”, it was decided that the proposal be rejected at this time.

Philippines gaming regulator Pagcor has reversed its revocation of 20 eBingo sites run by Leisure and Resorts World, according to the company’s filing to the Philippine Stock Exchange on Monday.

Tiger Resort Leisure and Entertainment Inc says it is planning to build a port on Manila Bay to accommodate large cruise liners that could boost the luxury tourism market in the Philippines.

Philippines’ gross gaming revenue in July has continued to improve, with the strong trend appearing sustainable until year end, said Maybank in a note on Tuesday.

Businessman Roberto Ongpin has reportedly hired global professional services firm KPMG as the investment advisor for the sale of his 53.76 percent share in Philweb Corp.

A consortium led by one of China’s leading online games companies sent ripples through the online gaming community in July, announcing it would buy Israel’s Playtika for $4.4 billion in cash.

 

A consortium led by one of China’s leading online games companies sent ripples through the online gaming community in July, announcing it would buy Israel’s Playtika for $4.4 billion in cash. The deal is the largest transaction in the social casino industry to date, and in fact one of the largest transactions in the entire gaming industry in 2016. It also served as a wake up call as to the industry’s potential and the growing interest in Asia.

 



This content is for members only. To continue reading

Join Now

While much of the focus in the Philippines continues to be the mega resorts opening in Manila’s Entertainment City, smaller operators are beefing up their facilities to capitalize on the natural beauty of their locations and capture spillover traffic.

Bloomberry Resorts Corp chairman and founder Enrique Razon says he is pushing ahead with plans for the company’s second casino, in Quezon City.

Pages