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Philippines

As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach.

 

As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach. Jan Jones Blackhurst, executive vice president, public policy and corporate social responsibility, at Caesars Entertainment says not enough is being done to explain what an IR is and the benefits it can bring to society. Not only can a good CSR program help to alleviate perceptions about gambling harm, it can also be a revenue driver. 



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The Philippine Amusement and Gaming Corp on Wednesday proceeded with the opening of Casino Filipino (CF) Manila Bay, despite an ongoing dispute over its lease contract.

Philippine technology firm DFNN Inc. saw net profit rise 456 percent year-on-year to P101.8 million over a surge in revenues from its gaming platform business.

The Philippines is tipped to be one of Asia’s best-performing gambling markets again in 2017 despite concerns over how a smoking ban may affect casinos and an attack on Resorts World Manila that left 37 people dead.

The Philippine Amusement and Gaming Corp. has cut its forecasts for 2017 gross gambling revenue, in part because of the June attack on Resorts World Manila.

Philippine casino investor Belle Corp. posted a 93 percent increase in consolidated net profit, amounting to P1.77 billion in the first half of the year, driven by revenue growth at City of Dreams Manila.

Leisure and Resorts World Corp. (LRWC) has seen a near 50 percent drop in online gaming companies licensed under FCLRC since the introduction of Pagcor’s new online regulations.

Technology provider DFNN Inc. says it is planning to list its gaming service business on the Philippine Stock Exchange in 2018.

Gaming regulator Philippine Amusement and Gaming Corp (Pagcor) reported net income of P3.06 billion (US$60.4 million) for the six months ended June 30, 2017, up from P2.5 billion from a year ago.

PCSO chair Jose Jorge Corpuz says he is willing to meet with PNP chief Ronald “Bato” dela Rosa to “clear gray areas” in their fight against illegal gambling.

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