Wednesday, August 15, 2018
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No casinos on Boracay, government insists

No casinos, either new or existing will be allowed on the island of Boracay once it reopens after a tourism ban to reverse environmental damage, Tourism Secretary Bernadette Romulo-Puyat was cited as saying at a conference in Manila.

DFNN H1 revenue gains 11.5 percent

DFNN said its H1 revenue gained 11.5 percent, with gains noted across all of its business sectors, in particular license sales.

Travellers H1 net profit boosted by non-operating income

Travellers International Hotel Group, the company operating Resorts World Manila in partnership with Genting Hong Kong, reported a 352.5 percent rise in net profit...

Universal to take Tiger Resorts public in 2019, reports 18H1 results

Universal Entertainment Group says it is planning to take Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the company behind Okada Manila, public in 2019....

No new casinos during presidency: Duterte

Philippine president Rodrigo Duterte on Wednesday announced there would be no new casinos set up during his presidency, raising further doubt over major investments...

Bloomberry reports record profit in 18H1

Bloomberry Resorts, the owner of the Solaire Resort and Casino in Manila, reported record net profit in 18H1. Consolidated net profit reached P5.3 billion, the...

Duterte sacks board of Landing’s local partner during IR ground breaking

Philippine President Rodrigo Duterte announced he was firing the entire board of Landing International’s local partner, just as the two parties broke ground on a $1.5 billion theme park in Entertainment City.

Genting Singapore profit up 3 percent, revenue down

Genting Singapore recorded a 3 percent year-on-year rise in net profit attributable to ordinary shareholders of the company in 18Q2, but saw a six...

Beyond Macau: how Asia’s casino space is shaping up in the 2020s

With multiple new destinations opening up over the coming years, Asia’s casino space will have a very different feel in the 2020s.

Bloomberry looks north for Manila expansion

Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino is looking north for its future expansion plans.


GGR to decelerate late 2018, investors wary

The recent underperformance of 18Q2 has shifted investor sentiment of Macau stocks to that of a measured, potentially over cautious stance, according to Bernstein...

Bengal takes lottery ticket sales online

The government of Bengal will soon be making its lottery tickets available online in an effort to generate more revenue, local media reports. "Tickets...

Crown to challenge $270 million ATO bill

Crown Resorts is set to challenge the Australian tax authority’s treatment of Crown’s since-abandoned North American expansion plans. In 2016, Crown was slapped with a...

Sands salutes business partners in Tokyo and Osaka

This week Sands Resorts Macao is holding events in Tokyo and Osaka to salute its Japanese business partners, particularly the travel agencies and other...

Wynn Resorts settles with Elaine Wynn, names next chairman

Wynn Resorts Ltd. has appointed Phil Satre as vice chairman of the board, with the intention of appointing him as chairman by the end...