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Jun Fujimoto Steps Down as President of Universal Entertainment After Court Ruling on Fiduciary Breach for US$43.5 Million Transfer

Jun Fujimoto, president and representative director of Universal Entertainment Corporation, resigned following the Tokyo High Court ruling. The Philippines-based company is the parent company of Okada...

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novenber30 April 2024
Philippine gaming regulator PAGCOR reports first quarter revenue growth of 42% to P25.24 billion

The Philippine Amusement and Gaming Corporation (PAGCOR) reported first-quarter 2024 revenue, which increased 42% year-on-year to P25.24 billion. PAGCOR Chairman and CEO Alejandro H. Tengco said this ...

AshalyAshaly
novenber29 April 2024
Philippine senator proposes ban on offshore gambling due to human trafficking concerns

Philippine Senator Risa Hontiveros has proposed a ban on Philippine offshore gaming operations (POGOs) amid accusations that the companies are linked to human trafficking and other illegal activities....

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novenber29 April 2024
Philippine congressmen criticized the Immigration Bureau: it is strict on people leaving the country and lenient on POGO employees

Philippine Senator Francis Escudero recently criticized the Philippine Immigration Bureau, saying that its strict procedures for vetting Filipinos out of the country have caused some people to miss th...

AshalyAshaly
novenber28 April 2024
1xBet bookmaker named Asia Pacific finalist for Global Gaming Awards 2024

Bookmaker 1xBet has entered the Asia Pacific finals of the Global Gaming Awards 2024, competing for victory in the Digital Sports Betting Operator category. The selection will be conducted by an autho...

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novenber26 April 2024
The relocation of local casinos has led to a vacancy rate of 50% in the Philippine Capital Region

The average rental price of office buildings in the Philippine Capital Region will decline slightly in 2024, according to forecasts by Jones Lang LaSalle (JLL), a real estate and investment management...

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novenber26 April 2024
Philippine Senator Reveals: Top Government Officials Act as Protectors for POGOs

Philippine Senator Gatchalian disclosed that the protective umbrella of the Philippine Offshore Gaming Corporation (POGO) is actually "mid- and high-level officials" within the government.Not long ago...

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novenber26 April 2024
Shin Hwa Group's IR provisional license in Philippines expires

South Korea's Shin Hwa Group announced today that the temporary license for its integrated resort project in the Philippines has expired. As a result, the company decided to reallocate resources and r...

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novenber26 April 2024
Philippine government asks Google and Apple App Store to remove Binance app

The Securities and Exchange Commission (SEC) of the Philippines has issued requests to Google and Apple to remove the Binance app from their app stores in the Philippines.“We have sent letters to Goog...

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novenber25 April 2024
Philippine senators call for ban on offshore gaming operators

Philippine Senator Risa Hontiveros has called for a complete ban on Philippine Offshore Gambling Operators (POGOs), or online gambling companies, from operating in the country, saying the companies' b...

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novenber25 April 2024
What is the straddle of poker? Why not do that in Philippine casinos?

Among Philippine casino games, the poker version is a very popular gambling game among players. But when playing poker, never do a "cross-over" of playing cards, as it is handling or displaying the ca...

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novenber24 April 2024
Philippines Globe conducts SIM card fraud operation

Philippines' Globe Telecom Inc. stepped up its crackdown on phone scams and spam text messages in the first quarter of 2024, blocking a total of 36,549 Subscriber Identity Module (SIM) cards, a 62% in...

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novenber24 April 2024
Malaysia’s RGB to acquire Philippines’ EGM for P126 million

Malaysia's RGB International Group plans to acquire Philippines' EGM for about P126 million. The acquisition involved 86 electronic gaming machines and was held by a company in East Timor.RGB Ltd, a w...

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novenber24 April 2024
PhilippinePhilippine senators call on government to step up crackdown on illegal online gambling

Philippine Senator Gatchalian has urged the Philippine Bureau of Immigration (BI) to take tougher measures to prevent foreigners involved in illegal Philippine Offshore Gaming Operators (POGOs) from e...

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novenber23 April 2024
The Chinese Embassy in Manila is assisting the Philippines in resolving offshore gaming industry issues

According to a statement from the Chinese Embassy in Manila, they cooperate with Philippine law enforcement agencies to deal with criminal activities related to online gaming companies and assist the ...

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novenber23 April 2024
President Marcos points to hospitality as driver of Philippine tourism economy

Philippine President Ferdinand R. Marcos Jr. has emphasized the critical role of Filipino hospitality in driving the growth of the Philippine tourism industry and boosting the overall economy.In his l...

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novenber23 April 2024
Philippines PLC City of Dreams Manila GGR's share dropped 44% due to decline in VIP numbers

A drop in the number of VIP gamblers at City of Dreams in Manila, Philippines, caused gaming revenue of one of its parent companies, Premium Leisure Corp (PLC), to drop 44% year-on-year in the first t...

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novenber23 April 2024
Philippine casino investor LET Group receives P1.784 billion repayment from subsidiary

Philippines-based casino investor LET Group Holdings Ltd. expects to have a gain on its books as it repays a P1.784 billion loan to its subsidiary Star Admiral Ltd.On April 18, Philippines Gold Yield ...

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novenber22 April 2024
Bloomberry North Sol Resort will open on May 25

Bloomberry Resorts Corp., the Philippines' major gaming operator, recently announced plans to launch its Solaire Resort North casino complex by May 25.Located in Quezon City, this US$1 billion project...

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novenber22 April 2024
The Chinese Embassy supports the Philippines in solving the problem of online gambling

The Chinese Embassy in the Philippines recently issued a statement emphasizing its support for the Philippine government’s determination to solve the problem of the offshore gaming industry.The statem...

AshalyAshaly
novenber19 April 2024
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