Wednesday, June 29, 2022

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Capacity not demand seen as key issue in casino reopening

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. 

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PAGCOR to address POGO issues ahead of 2022 elections

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

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Domingo hopes casinos to reopen in June, take down NOGOs

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

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PAGCOR boosts government cash remittances to P17b

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. 

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Okada Manila posts operating loss in 20Q1

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

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Suncity looks to increase stake in Westside City casino project

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

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Belle Q1 gaming revenue from COD Manila drops 39 percent

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.

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Aggregators look beyond content to grow Asia’s online sector

2020-05-29

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

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Okada Manila to lay off over 1,000 staff members

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

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Resorts World Foundation sends medical supplies to hospitals

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

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PAGCOR issues reopening guidelines for E-Games, Bingo, Poker venues

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

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APE cancels lease agreements due to non-payment

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.

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Poker eyes renaissance during sports lockdown

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.

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Melco swings to Q1 loss, remains committed to development plans

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.

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Bloomberry Q1 net drops 38%, sees slow recovery

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.

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Okada Manila monthly financial reporting suspended

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

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Fitch sees 70% Q2 revenue drop for Okada, downgrades Universal

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.

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PAGE postponed to Jan 2021

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

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Suncity joins Covid-19 relief efforts in Philippines

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.

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