Philippines

Bloomberry chairman Enrique Razon Jr. says the company is pushing ahead with its planned hotel and casino development in Quezon City despite opposition from residents.

The Philippines casino industry saw its gaming revenue rise 6.5 percent year-on-year in the second quarter of 2017, reaching P39.1 billion (US$759 million).

Five members of a casino loanshark syndicate were arrested by the Philippine National Police on Wednesday, facing charges of kidnapping and illegal detention, local media reports.

The men have been accused of kidnapping Korean nationals Yeum Sun Ki and Pan Ho Park and Chinese national Xia Liu – all of whom were detained by the syndicate for failing to pay their debts.

The rising cost of acquiring new online players is forcing operators in Asia to ramp up their customer relationship management (CRM) capabilities in a bid to build deeper bonds and gain more value from existing customers.

 

The rising cost of acquiring new online players is forcing operators in Asia to ramp up their customer relationship management (CRM) capabilities in a bid to build deeper bonds and gain more value from existing customers. In the past, limited competition and high volumes have provided little incentive for Asia facing operators to build a long-term clientele, but that is changing fast. 

 



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The Quezon City government says they have not received any formal applications for the development of a casino in the city.

GGR and company EBITDA for three integrated resorts in Manila are expected to decline quarter-on-quarter in the 17Q3, according to analysts from Morgan Stanley.

Tiger Resort, Leisure and Entertainment is in talks to acquire holding firm Bright Kindle Resources and Investments Inc (BKR) for the prospective backdoor listing of its Philippines integrated resort.

The Philippine Charity Sweepstakes Office has vowed to clamp down on illegal gambling after discovering that it is losing almost a third of its revenue in its small-town lottery business to illegal operations.

E-games provider PhilWeb Corporation unveiled a new logo on Wednesday, reflecting the company’s license renewal under the leadership of chairman Gregorio “Greggy” Araneta III.

Filipinos’ well-known love for entertainment means the country’s casinos may see significant upside from their non-gaming attractions if they get the mix right, giving Macau a run for its money when it comes to creating a diversified entertainment hub in Asia.

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