Saturday, May 28, 2022

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PCSO misses revenue target in 2Q21 by P3.3 billion

Philippine Charity Sweepstake Office (PCSO) said it missed its 2Q21 revenue target, generating only P8.3 billion (US$163.8 million) from April to May instead of the P11.6 billion budgeted.

Your Daily Asia Gaming eBrief: Macau needs to shift from its zero-covid policy: Tash

Macau and Mainland China remain the only regions in Asia-Pacific sticking to their Zero-Covid policy.

PAGCOR defends tax collection record, as the government seeks more funds from gaming

The Philippines’ market regulator PAGCOR is pushing back against accusations that it has failed to collect enough tax from its offshore gambling operators.

Belle Corp unit gets PHP5.8b contract with Philippines Charity Sweepstakes Office

A joint venture with Belle Corp. unit, Pacific Online Systems Corp. has been awarded a PHP5.8 billion lease contract with the Philippines Charity Sweepstakes Office.

Belle Corp net income falls 70 percent in 2020 due to pandemic 

Belle Corp, a co-licensee of Manila’s City of Dreams reported a fall of nearly 70 percent in net income in 2020 due to pandemic related restrictions and the Taal volcano eruption. 

Belle Corp H1 revenue plunges as gaming evaporates

Belle Corp posted a 52 percent drop in first half revenue as its share of gaming revenue from City of Dreams Manila plunged 87 percent.

Belle declares that it “achieved its aim” in 2019

Belle Corporation President and Chief Executive Officer Manuel Gana declared at the company’s first-ever virtual Annual Stockholders’ Meeting that the firm had “achieved its...