Wednesday, August 10, 2022


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PAGCOR suspends gaming operations in Manila


The Philippine Amusement and Gaming Corp. said it was suspending all gaming operations in Manila following President Rodrigo Duterte’s decision to put Metro Manila under community quarantine.

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Okada Sept. GGR jumps 29.5%


Okada Manila saw gross gambling revenue rise 29.5 percent in September, with strong gains from both the VIP and mass market segment.

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Okada Manila April GGR gains 26 percent


Tiger Resorts & Leisure, the company that operates Okada Manila, said the integrated resort generated a 26 percent gain in gross gaming revenue in April.

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Tiger ordered to file amended Manila tender offer


Tiger Resorts & Leisure has been ordered to re-submit its tender offer to minority shareholders in Asiabest Group to disclose factual information about civil and criminal proceedings involving its directors in Hong Kong.

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Okada Manila casino revenues hit record; parent raises funds


Universal Entertainment released financial figures showing that casino revenues at Okada Manila reached a record-high PHP2.9 billion ($55.1 million) in November, combined with a record-high EBITDA of almost PHP528 million pesos ($10 million) during the...

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Philippines GGR gains 23 percent in Q3


Philippine gross gambling revenue gained 23 percent in Q3, with figures for year to September already surpassing 2017’s total, according to figures released by the Philippine Gambling and Amusement Corp (PAGCOR).

Appeals court orders PAGCOR to issue casino license


The Philippine Court of Appeals has upheld a lower court ruling ordering the Philippine Amusement and Gaming Corp. to issue a license for Waterfront Philippines to operate an IR in Manila’s Entertainment City.

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Destination as a revenue driver


Okada Manila, owned by Japan’s Universal Entertainment, is the new comer to Entertainment City, holding a soft opening for the resort in late 2016. At 44 hectares, the property is by far the biggest in the complex and the rollout of hotels and other...

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Gaining strength from adversity - Interview with Stephen Reilly, COO RWM


Resorts World Manila (RWM) was the first integrated resort (IR) to open in the Philippines and is the only one not located in Entertainment City, but opposite the country’s primary international airport. The property is currently in the third phase...

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Solaire in the spotlight: expansion and opportunities - Interview with Thomas Arasi


Solaire Resort & Casino, owned by Bloomberry Resorts, was the first IR to open its doors in Entertainment City. The $1.2 billion property, on an 8.2 hectare site, made its debut in March 2013 and expanded with the opening of the Sky Tower in late 2014....

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Manila’s casinos to see solid revenue growth


Increasing visitation, mass penetration, and a strong local economy will serve as drivers of growth for Manila’s casinos over the next few years, ac

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Can Manila steal Macau’s Las Vegas dream?


Filipinos’ well known love for entertainment means the country’s casinos may see significant upside from their non-gaming attractions if they get the mix right, giving Macau a run for its money when it comes to creating a diversified entertainment...

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Growth seen slowing as competition rises


The Philippines is expected to be one of the strongest growing gaming markets in Asia again in 2017, driven by another major opening in Manila’s Entertainment City, however growth is expected to slow over the longer term in the face of greater regional...

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Okada paints the town plum as resort gears for opening


Anyone visiting Manila in recent weeks may have noticed a distinct plum-colored tone to the local billboards and ads. The campaign has been part of an initiative to raise awareness for Universal Entertainment’s $2.4 billion Okada Manila resort, which...

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Philippine GGR jumps in Q3


Total gross gaming revenue in the Philippines jumped 11.2 percent in Q3, led by higher revenue from casinos in Entertainment City. According to figure

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Universal says “significant majority” of Okada construction costs covered


Universal Entertainment said it has placed $400 million in notes, securing a “significant majority” of the construction costs for its $2.4 billion

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Universal mulls “optimal” timing for Manila resort debut


Universal Entertainment says it’s carefully considering the optimal opening time for its new integrated resort in the Philippines, which had been se

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Alliance Global aims for Manila blueprint by mid 2017


Alliance Global, which is working with Malaysia’s Genting Group to build a second property in Manila, says it expects to finalize the blueprint for

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Phase 2 spend completed: Travellers


Philippines-listed Travellers International Hotel Group has announced it has completed the investment of the proceeds of its initial public offering,

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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