Sunday, October 25, 2020
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AGB Webinar: Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
AGB Webinar Attracting Players, Not Fraudsters

Attracting players, not fraudsters

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.

Interview with Angel Sueiro: Clark concepts and Philippine prospects

Angel Sueiro, chief operating officer of PH Resorts, talks with Asia Gaming Brief managing editor Sharon Singleton about the concept for the company’s next property in the highly competitive Clark Freeport Zone and opportunities post-Covid 19 in the Philippines. The mass market is paying the bills, but international visitors are needed to put the cream on top.
Manila offices

Evidence mounts of POGO shrinkage

With much of the noise this week coming from the shenanigans downunder at the Crown Resorts inquiry, it would have been easy to miss more signs of trouble for Philippines Offshore Gaming Operators (POGOs.)

Belle Corp. 9-month profit plunges 96%

Belle Corp., which owns half of City of Dreams Manila, said its income in the January-to-September period plunged by 96 percent to P93 million from last year’s P2.56 billion, as the pandemic shuttered its facilities and halted tourist arrivals.

Large POGO at Subic Bay shuts its doors

Great Empire Gaming and Amusement Corp., one of the POGOs that had been based at Subic Bay, has shuttered its business under the Covid impact, putting a thousand Chinese out of work.

PH Resorts asks for voluntary trading suspension

PH Resorts has asked for a voluntary trading suspension of its shares at the Philippine Stock Exchange (PSE) during its follow-on offering. Shares of PH Resorts will be suspended from today through November 5.

More Philippine resorts able to open, but locals only

Some areas of the Philippines have been able to tentatively open their resorts for business after the Covid-19 lockdowns but for now they are just available to local residents. The resorts are in Negros Occidental in the middle of the archipelago.

PH Resorts sets follow-on offer price at 32.8% discount

PH Resorts Group Holdings, Inc, the Udenna Group’s gaming and hospitality subsidiary, has set the offer price for its follow-on offering of up to 450 million primary common shares at P1.68, a 32.8 percent discount from the top-end of its price range.

Universal Entertainment boosts size of notes offering

Universal Entertainment, which controls the Okada Manila IR in the Philippines, has announced to JASDAQ that it will increase its planned notes offer from US$100 million to US$135 million.

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