15, Feb, 2018

Universal Entertainment Corporation, operator of Okada Manila, recorded a net loss of JPY 13.4 billion for 2017 fiscal year, due mainly to an operating loss from its casino and resorts business.

14, Feb, 2018

Philippine President Rodrigo Duterte late last year signed into law the first steps in a long-awaited tax reform program to raise funds to improve infrastructure, which analysts say will dampen consumer spending, but are unlikely to hurt the booming gambling industry.

However, a second round of measures, expected later this month, may contain more of a sting and operators are watching the bill closely.

14, Feb, 2018

The $1.2 billion Resorts World Catskills opened its doors on February 8, expanding the Genting brand in the U.S., even though the Malaysian company missed out on a license for its own property in New York State.

The property, which is the biggest of four new resorts in the upstate area, will be the first IR in the U.S. to carry the Genting name. The company has been pushing hard to penetrate the North American market, though with mixed results.

13, Feb, 2018

Visitor arrivals and tourism receipts in Singapore reached a two-year record high in 2017, with strong flows observed China, India and Indonesia, according to the Singapore Tourism Board.

12, Feb, 2018

Philippine Amusement and Gaming Corporation (PAGCOR) chair Andrea Domingo said she expects income earned from online casinos under the POGO scheme to reach P6 billion in 2018.

09, Feb, 2018

The Asian online gambling industry is on the cusp of major change. A growing number of markets are moving towards regulation and licensing, competition amongst operators is hotting up, and players are becoming savvier and expect more from the brands and sites they engage with.

08, Feb, 2018

Okada Manila, owned by Japan’s Universal Entertainment, is the new comer to Entertainment City, holding a soft opening for the resort in late 2016. At 44 hectares, the property is by far the biggest in the complex and the rollout of hotels and other facilities is continuing. At its completion of Phase One, Okada will have 994 hotel rooms and operate 500 tables and about 3,000 slots. Its centrepiece is the world’s largest coloured fountain, as well as a giant inner city beach complex, known as “Cove Manila”.

07, Feb, 2018

Philippine’s gaming regulator has placed a moratorium on new casinos after orders from president Rodrigo Duterte last month.

05, Feb, 2018

The Cagayan Economic Zone Authority is looking to develop a unique tourism complex in the province that would include gaming and tourism facilities.

02, Feb, 2018

Managing Director Steve Wolstenholme spoke to AGB about the progress of the rollout and his optimism about nongaming opportunities in the Philippines.

AGB: Facilities at Okada Manila were gradually opened throughout 2017, how happy are you withprogress so far?

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