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PAGCOR turns over $10.9m to provinces for medical facilities

The Philippine Amusement and Gaming Corporation (PAGCOR) turned over a total of P571.58 million ($10.9 million) to the provinces of Pampanga, Bataan, Zambales, Nueva Ecija, Aurora, Ilocos Norte, Masbate and Leyte on June 28, 2022.

President Marcos hasn’t replaced Andrea Domingo as PAGCOR Chair

Philippines President Ferdinand Marcos Jr. has yet to name the new head of the Philippine Amusement and Gaming Corp the Malacañang palace stated on Friday. Andrea Domingo remains as the Agency head until further notice.

Philippines on track to be Asia market leader in 2022

Gross gambling revenue from licensed casinos in the Philippines jumped more than 29 percent in 1Q22, confirming predictions that the country will be one of the best-performing markets in Asia going forward. 

PAGCOR gets presidential commendation for contributions to nation building

The Philippine Amusement and Gaming Corporation (PAGCOR) has received a commendation from President Rodrigo Duterte for its vital contributions to the government’s COVID-19 response efforts.

More action needed to quash Philippines rampant illegal gambling

Despite government efforts, the illegal gambling market in the Philippines is thriving, with turnover likely to be in the trillions of pesos. Joe Pisano, CEO of Jade Entertainment, writes that the public and the government need to take more action to combat the problem and reap the benefits the industry can provide.

Okada imbroglio highlights hazards for foreigners

The Philippines gaming industry has been plunged into uncertainty following the forcible takeover of one of its largest properties, Okada Manila, highlighting yet again the potential pitfalls for foreign investors.

PAGCOR & PCSO formalize fund allocations for Universal Health Care

The Philippine Amusement and Gaming Corporation (PAGCOR) and the Philippine Charity Sweepstakes Office (PCSO) formally signed on May 30, 2022, a joint circular operationalizing their respective fund allocations for Universal Health Care (UHC).

Galaxy 1Q22 revenue drops 20% but beats past analyst expectations

Galaxy Entertainment posted a 20 percent drop in 1Q22 revenue from the prior year, but its results beat analysts’ estimates, with Bernstein pointing to strong retail and solid premium mass business.

Your Daily Asia Gaming eBrief: Philippines political jig begins

Ferdinand “Bong Bong” Marcos is set to become the Philippines new president, more than 30 years after his dictator father was ousted in a popular uprising.

Political two-step begins following change of Philippines president

The political jockeying that historically has followed presidential elections in the Philippines may have already begun in the casino industry with Bloomberry Resorts announcing it’s investing in two PH Travel and Resorts properties.