PH Resorts, which is developing the Emerald Bay resort on Cebu, has signed an accord with a junket operator aimed at tapping into Japan’s VIP market.
SJM Holdings said it expects to raise net proceeds of HK$1.24 billion ($159.6 million) and MOP298 million ($37.2 million) from an issue of senior notes in Hong Kong and Macau. The notes will carry interest of 3.9 percent.
Suntrust Home Developers Inc, the company behind the Westside Resorts World project in Manila has appointed two high-profile executives to its board of directors.
A coastal municipality in Southern Leyte will soon have a safe shelter for its locals during typhoons and other calamities after the Philippine Amusement and Gaming Corporation (PAGCOR) released the first tranche of funding for the construction of a Multi-purpose Evacuation Center Project (MPEC) in the town of Silago.
The Philippines generated PHP30.02 billion ($624.9 million) in gross gambling revenue in Q1, down 28 percent from the same period last year, but higher than the PHP25.79 billion recorded in the final quarter of the year.
Philippine Amusement and Gaming Corporation chairwoman Andrea Domingo is placing her hopes on new online gaming initiatives in the country to boost industry revenue this year.
As the ongoing pandemic continues to affect the livelihood of many Filipinos, the top management of the Philippine Amusement and Gaming Corporation (PAGCOR) volunteered to pool their personal funds to help provide healthy meals to some low-income families in urban communities.
PH Resorts Group’s Emerald Bay casino resort is set to open before the end of the year despite difficult market conditions. The company said the new resort will target Asia’s growing gaming market.