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PAGCOR Licensees give $1.06 million for new veterans medical center

The Veterans Memorial Medical Center will soon have more patient rooms with the start of construction for the Magiting Veterans Wing on Friday, September 22, through a Php60 million grant from two licensees of the Philippine Amusement and Gaming Corporation.

PH hotel and gaming operator International Entertainment flags return to profit this FY

International Entertainment, a gaming and hotel operator in the Philippines says it is expecting to record a profit for the year attributable to the owners of the company of HK$ 15 million ($1.92 million), up from a loss of HK$256million ($32.7 million) in the previous financial year ended 30 June 2022.

Younger tourists urge gaming operators to embrace cross-field innovation: Pansy Ho 

Younger travelers in Macau are encouraging gaming operators to embrace cross-field innovation, according to Pansy Ho, Vice Chairman and Secretary-General of the Global Tourism Economy Forum (GTEF).

Improvement of basic infrastructure key to Philippines tourism goals: Tourism Secretary

Improving the country's basic infrastructure will be key for the Philippines' goal of becoming a "tourist powerhouse in Asia", the Philippines Tourism Secretary Christina, Christina Frasco, said today (Friday).

IGSA launches Cyber Resiliency Committee, supported by Aristocrat and Light & Wonder

The International Gaming Standards Association (IGSA) has announced the creation of a ‘Cyber Resiliency Committee (CRC)’ supported by gaming machine manufacturers Aristocrat and Light & Wonder ‘to create standards for cyber risk management, cybersecurity governance and framework control standards for casino operators and their ecosystem’.

Singapore money laundering case swells to $1.76 billion

The Singaporean money laundering case continues to grow, with assets seized now rising to SG$2.4 billion ($1.76 billion), comprising cash, crypto, gold, properties and vehicles.

The US and the Philippines join forces against cryptocurrency fraud

The Philippines’ Securities and Exchange Commission (SEC) has joined forces with the US SEC and the Asian Development Bank in order to combat crypto fraud.

LET Group to sell assets at a loss

Hong Kong-listed LET Group Holdings Ltd has disclosed that its indirect wholly-owned subsidiary entered into the sale and purchase agreement to sell 100 percent equity interest   of Target Company at RMB20 million ($2.8 million)

Melco Resorts to build cultural market and Riverview cafe in Inner Harbour area 

Melco Resorts & Entertainment Limited has revealed its support for the government's revitalization plan for Piers 23 and 25 in the Inner Port and Mount Fortress areas.

Philippines reached 80 percent of 2023 foreign tourist target

The Philippines has already received about 80 percent of its intended target of foreign tourists, Tourism Secretary Christina Frasco said at the opening of the 2023 Philippine Travel Exchange (PHITEX) in Cebu

CORPORATE SPOTLIGHT

CORPORATE SPOTLIGHT