22, Feb, 2018

After an annus horribilis in 2017, First Cagayan Leisure and Resort World Corporation is fighting back, pledging major upgrades in infrastructure and technology to help the Cagayan Special Economic Zone and Freeport (CEZA) regain its status as the hub for online gambling in the Philippines.

Once the premier licensor for online firms in the country, First Cagayan lost more than half of its licensees last year after Philippine President Rodrigo Duterte cracked down on online gambling.

22, Feb, 2018

The deadly attack on Resorts World Manila (RWM) last year was a wake-up call for casino resorts in the Philippines and across the wider region, leading to calls to improve security and properly assess the risks facing each jurisdiction.

19, Feb, 2018

Demand from gaming companies will be a significant driver for Manila’s property market this year, with growth likely to exceed earlier expectations, local media cited Leechui Property Consultants as saying.

Demand from the gaming sector is expected to grow 15 percent annually until 2020 after a 412-percent expansion in 2017 to 233,902 square meters, the company’s CEO David Leechui said.

The business process outsourcing sector is also forecast to rebound after a flat year in 2017.

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”.

Pages