Wednesday, November 20, 2019
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Court upholds DFNN award ruling against PCSO

The Court of Appeals has again affirmed a claim by DFNN for damages from the Philippine Charity Sweepstake Office (PCSO) for unilaterally pulling out of an equipment lease agreement. 

QTech Games sees strong Q3 Asia growth

QTech Games saying gaming turnover in Asia more than doubled in August and rose 120 percent in September, beating analysts’ projections. 

Widus signs lease for PHP12b Clark resort

The Widus Group has signed a lease for 450 hectares of land in New Clark City for a PHP12 billion ($234 million) project to develop a luxury mountain resort.

Suncity Philippines foray questioned by regulators

Suncity’s backdoor foray into the Philippines gaming industry has raised questions from industry stakeholders, particularly regulators, according to local media. Last week, the Hong Kong-listed...

POGO expansion to continue in 2020: Property exec

The Philippine offshore gaming operators (POGO) are expected to continue expansion in 2020, despite uncertainties facing the sector including Beijing’s call to ban online...

Trading of Suntrust shares halted as listing rules breached

Shares of Suntrust Home Developers Inc. are to remain suspended from trading by the Philippine Stock Exchange after it was found that its deal...
Suncity VIP room

Casinos counter Chinese VIP conundrum

There’s no doubt that the integrated resorts springing up across Asia were targeted at China’s VIPs, but with that market in retreat there’s little sign of high rollers from other jurisdictions stepping up to take their place.
Department of Finance

Philippines POGO tax bill filed

A bill that clarifies taxes on Philippine Offshore Gaming Operations, including a proposal for a 5 percent franchise tax on gross receipts, was filed in the House of Representatives on Wednesday

Suncity to enter Philippines integrated resort market

Hong Kong-listed Suncity Group Holdings has acquired a controlling stake in a Philippines company involved in developing and managing an upcoming five-star hotel and...

PH may see a slowdown in Chinese visitation

The arrival of Chinese nationals in the Philippines may see a slowdown as a result of China’s continued crackdown on online gambling, according to...

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Star Vegas (file)

Donaco proposes name change

Donaco is proposing a name change to Pan Asian Leisure as a statement that it’s leaving the past behind following an “unacceptable” financial performance.

SkyCity recovery underway, albeit slowly

SkyCity’s hotels, casinos, and F&B establishments have begun to reopen again, following a fire that broke out on Tuesday last week.The fire began at...

Tokyo mulls IR development in Odaiba Aomi area

The Tokyo Metropolitan Government has announced a series of consultations with private companies over its tentatively-named “Tokyo Bay Area Vision,” which explicitly includes the possibility of an IR bid for the Aomi area of Odaiba.

Grand Ho Tram to get InterContinental branding

The Grand Ho Tram will soon become rebranded as the InterContinental Grand Ho Tram after signing an agreement with IHG last week. The agreement will...
Crimea

Crimea to get gaming zone by 2022

A gaming zone will appear in Russian-annexed Crimea by 2022, the regional head, Sergei Aksyonov, said in an interview with Russian state news agency TASS.