Philippines

The Makati Regional Trial Court has issued a writ of preliminary injunction against the Philippine Charity Sweepstakes Office (PCSO) for allegedly violating Berjaya Philippines Inc’s exclusive right to supply and lease lottery equipment in the Luzon territory.

Real estate consultancy firm Colliers International has urged the government to quell tourists’ safety and security fears following terror attacks in Mindanao and the June 2 attack at Resorts World Manila, according to a report from Manila Times.

Travellers International Hotel Group reported a lower-than-expected profit for the first half of 2017 after a June 2 attack shut down gaming operations at Resorts World Manila.

Millennium Pan-Asia Hotel and Resort Inc. has obtained a Provisional License from Philippine Amusement and Gaming Corporation (PAGCOR) to develop a $300 million integrated resort and casino in Mandaue, Cebu.

Bloomberry Resorts said second quarter consolidated net profit grew 47.4 percent year-on-year to P1.96 billion (US$38.5 million), attributed to robust growth in its Philippines gaming operation.

The Philippines has avoided further scorn from the Asia-Pacific Group on Money-Laundering following "significant compliance" in tightening their AML regulations.

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.

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