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.
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.
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.
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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.