Tuesday, September 17, 2019
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Pagcor revenue likely to gain 1.8 percent in 2020

The Philippine Gaming and Amusement Corp. (PAGCOR) expects its total revenue to rise by 1.8 percent in 2020, with PHP73.6 billion ($1.4 billion) likely to come from gaming.

Online crackdown no impact on property business: Megaworld

Megaworld Corp, one of the Philippines’ largest office lessors, says the online gaming crackdown will not have any impact on its home sales and...

No Chinese firms in POGOs: Pagcor

Philippine Amusement and Gaming Corp (PAGCOR) on Friday assured lawmakers that there are no Chinese firms operating in Philippine Offshore Gaming Operations.  Victor Padilla, senior...

Duterte lifts suspension on STL, with conditions

President Rodrigo Duterte has lifted the suspension on small town lottery (STL) operations but has set out conditions for their resumption, local media reports.  In...

Govt mulls ID cards for POGO workers

The Philippine Amusement and Gaming Corp (PAGCOR) is considering the issuance of identification cards specifically for Chinese POGO workers to ensure the legality of...

POGO freeze to trigger property price correction

The licensing freeze on Philippine Offshore Gaming Operators (POGOs) will reduce the attractiveness of the Philippines as an investment destination for online gaming firms...
Online gambling

China urges Philippine online gaming ban

China has praised Cambodia for its efforts to curb online gambling and urged the Philippines to impose a ban on the industry.

POGO hub proximity to military camps, not a worry

President Rodrigo Duterte said he was not worried about the presence of POGO hubs near military camps, amid concerns that the hubs could be...

PNP sets up anti-kidnapping task force for casinos

The Philippine national police are set to deploy at least two of its Anti-Kidnapping Group (AKG) strike teams near casinos with a high prevalence...

LRWC dragged by lower VIP turnover, expenses

Higher operating expenses and a significant decline in income from its junket operations saw Leisure and Resorts World swing to a net loss of...

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Yamashita

Yokohama opts to enter the IR race

The municipal government told reporters on Monday that Yokohama’s long period of indecision had ended and that Mayor Fumiko Hayashi would announce later in the week that her city would seek to host a major urban IR at the 47-hectare Yamashita Pier location.

Mars-X now available across the Asia-Pacific region

Casino players can “Xperience the Difference” through the latest dual-screen gaming sensation from Aristocrat.  The company’s new innovation, MarsX gives operators an entirely new way...

Caesars drops out of Japan IR race

Caesars Entertainment Corp has pulled out of the race for a Japanese casino license and will focus instead on its current plans and commitments,...

LVS secures new loan facility for MBS expansion

Casino operator Las Vegas Sands Corp on Wednesday announced it has secured a new delayed draw term loan facility in aggregate principal amount of...

Asian affiliate acquisitions hot up

The recent moves in the Asian affiliate space, including high-profile acquisitions and talk from some of the larger listed affiliates of entering new markets in Asia, might have observers believing the region is like any other, at least as far as affiliates go.