Archive

_2020-06-09

The lack of capacity due to social distancing measures will be the key challenge for operators in opening their properties and not the lack of demand, says Angel Sueiro, chief operating officer of PH Resorts. 

_2020-06-09

PAGCOR Chairman and CEO Andrea Domingo on Tuesday said that the current state of POGOs, if left unchecked, will be used against the current administra

_2020-06-08

PAGCOR Chairman and CEO Andrea Domingo on Tuesday said she hopes to see gaming operations reopen gradually from the beginning of June. The chairwom

_2020-06-05

The Philippine Amusement and Gaming Corp (PAGCOR) said it had increased its cash dividend donations to the National Treasury by P5 billion bringing the total to P17 billion ($340.9 million) for 2019. 

_2020-06-01

Okada Manila posted a widened operating loss of JPY 1.7 billion (US$16 million) in the first quarter of 2020, due mainly to the suspension of all inte

_2020-06-01

Hong Kong-listed Suncity Group has proposed a subscription of convertible bonds, which could potentially be used to increase its stake in its Westside

_2020-05-29

Belle Corp said its share of gaming revenue from the City of Dreams Manila dropped 39 percent in Q1 due to Covid-19 disruptions.

_2020-05-29

Content aggregators have long been the go-to solution for operators looking to quickly and easily enter online markets in Asia.

_2020-05-26

Okada Manila President Takashi Oya announced to staff on Tuesday that more than one thousand employees would be laid off as part of a retrenchment pro

_2020-05-25

Resorts World Philippines Cultural Heritage Foundation, Inc. (RWPCHFI) on Sunday completed its P50 million (US$985,127) commitment to aid the governme

_2020-05-25

The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a memorandum to Bingo, E-Games and Poker operators on Friday, requiring venues to

_2020-05-22

Asia Pioneer Entertainment said it was cancelling lease agreements to casinos in Cambodia and the Philippines due to non-payment of rent and said it will write off about HK$26 million ($3.4 million)  in the first half as a result.

_2020-05-15

With Asia’s sportsbook operators scrambling for solutions as the global sports calendar remains in lockdown, one often forgotten vertical is back in the limelight.

_2020-05-14

Melco Resorts & Entertainment swung to a loss in Q1 due to the impact of the coronavirus, but said it remains committed to its development plans, including a bid for a license in Japan.

_2020-05-14

Bloomberry Resorts said its Q1 net income fell 38 percent due to the impact of the coronavirus and it expects a slow recovery.

_2020-05-12

Universal Entertainment announced on Tuesday that monthly reporting on Okada Manila’s financial results would be suspended for the time being due to

_2020-05-11

Fitch Ratings has downgraded Universal Entertainment’s credit rating due to the impact of the coronavirus on the gaming industry and said it expects the group’s Okada Manila property to post a 70 percent drop in Q2 revenue.

_2020-05-11

The Phil-Asian Gaming Expo (PAGE) has announced its decision to postpone its July event to 7-9 January 2021, due mainly to ongoing restrictions on int

_2020-05-10

Suncity Group’s Philippine unit has donated P50 million ($1 million) worth of personal protective equipment to 40 public hospitals in Luzon province to help battle the coronavirus.