The Philippines is expected to outpace Macau with its casino gaming industry according to financial analysts. In the first quarter of 2019, the casino sector in the Philippines produced PHP52.52 billion in gross gaming revenue. PAGCOR released this quarterly revenue result but strangely did not include a comparison to previous year results or data. PAGCOR, … Read more 5y3w2l
After President Duterte threw in the towel regarding his strong stance against gambling, casino projects are back on track – mostly. The Emerald Resort and Casino in Mactan, Cebu and proposed Clark Resort by PH Resort Group will likely continue development now that Philippine President Rodrigo Duterte has halted his firm anti-gambling stance. Filinvest is … Read more
After years of Philippine President Rodrigo Duterte’s harsh stance on gambling, it seems the politician has had a change of heart – conveniently just before the elections. The usually fiery Philippine President has announced a change in policy towards gambling. In a recent statement, the President declared during a campaign on May 11th, 2019 that … Read more
Since Duterte has taken office in 2016, he has waged war on gambling in the Philippines – but where have these efforts taken the country since he has changed his mind several times. Philippine President Rodrigo Duterte has written specific laws since his first year in office to investigate and crack down on illegal gambling … Read more
Leisure Corporation (PLC), an investment holding group, announced they want to expand their City of Dreams Casino brand in the Philippines. Last week the investment group told media sources they plan to build a new location. During a recent meeting with shareholders PLC told investors that the expansion is being studied by partners and … Read more
Quezon City recently attempted to place a local ordinance restricting gambling but PAGCOR has stepped in to make things clear. Quezon City Vice Mayor Joy Belmonte attempted to push a new ordinance which would require residents to pay fees to enter a soon to be built casino. It is said this was done in an … Read more
For 2018, state-owned casinos have reportedly earned $1.3b last year to end the year with an 18% increase from 2017. The Philippine Amusement and Gaming Corporation (PAGCOR) currently operates eight casinos and 34 satellite gaming outlets. PAGCOR is also the sole regulator for most of the Philippines excluding the Cagayan Special Economic Zone which services … Read more
After Philippine President Rodrigo Duterte announced his desire to cut down domestic gambling options, a Court of Appeals judge granted one venue its casino license regardless. The Waterfront Philippines Inc. applied for a casino license in Manila’s Entertainment City gaming zone nearly 10 years ago. However, their application was denied by PAGCOR despite meeting various … Read more
With casinos and gambling becoming more popular than ever in Metro Manila and across the country, Philippines Senator Leila de Lima wants to make sure Filipinos are protected and to curb the illegal activities that have been associated with the industry. De Lima urged the Senate earlier this week to conduct an internal investigation and … Read more