#LRWC

Listed gaming firm Leisure and Resorts World Corp. (LRWC) hopes to recover from recent losses to reach prepandemic revenues by 2023 or late this year, aided by the explosive growth of its newly established online bingo business. The online betting platform, called Bingo Plus, allows users to place wagers as low as P5 to win jackpot prizes worth…

Gaming firm Leisure and Resorts World Corp. (LRWC) said its net loss in the first quarter doubled to P223.07 million from P110.03 million a year ago. The company attributed this to the significant decrease in revenue from its online segment and the increase in direct cost for the minimum guarantee fee paid to regulator Philippine Amusement and…

Months after being granted permission to operate Philippines' first online bingo offering, Leisure & Resorts World Corp (LRWC) has announced it is revamping its BingoPlus brand in order to tap into the mobile-savvy gaming customer. In a press release published in late April, LRWC said it had updated the logo of BingoPlus to "meet today's growing…

Leisure and Resorts World Corporation sees online bingo becoming a main revenue stream in the future, as the pandemic limits people from going to traditional gaming establishments MANILA, Philippines - Leisure and Resorts World Corporation (LRWC) launched the country's first online bingo game, as the pandemic limits leisure activities and the…

MANILA, Philippines-Gaming firm Leisure & Resorts World Corp. (LRWC) has bagged from the state-run Philippine Amusement & Gaming Corp. the first-of-its-kind online traditional bingo (OTB) license, allowing the company to offer bingo games using both onsite and offsite platforms. LRWC, the same group behind the Bingo Bonanza games operated in…

Leisure & Resort World Corporation's newest gaming brand, BingoPlus, recently soft launched "Online Traditional Bingo" or OTB. This fresh offering from LRWC subsidiary, AB Leisure Exponent Inc., is the first online traditional bingo licensed by the Philippine Amusement and Gaming Corporation. This innovative game transforms the way traditional…