#Philippine Amusement and Gaming Corp

GGRAsia

Philippines 3Q industry GGR US$1.03bln, up 15pct y-o-y

The Philippine casino sector produced gross gaming revenue (GGR) of PHP56.85 billion (US$1.03 billion) in the third quarter, a slight increase from PHP56.61 billion in the preceding quarter. The tally rose 15.1 percent from the prior-year period. That is according to data released on Thursday by the country's casino regulator, the Philippine…

Industry ・ 24 November 2023

World Casino News

Pagcor Upgrades Casino Filipino To Generate $321 Million

Following the recent move to transform the state-run Philippine Amusement and Gaming Corp (Pagcor) into an exclusively regulatory entity, this governmental agency's chairman and chief executive Alejandro Tengco suggests the stakeholders to reconsider the financial capabilities of the Pagcor - operated chain of retail gambling venues Casino…

Industry ・ 07 November 2023

Benzinga

Casinos and Gambling Market to grow by USD 90.22 billion from 2022 to 2027

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The casinos and gambling market is estimated to grow by USD 90.22 billion from 2022 to 2027, growing at a CAGR of 8.13% . The casinos and gambling market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer casinos and gambling market are 888 Holdings…

13 October 2023

Philstar Global

PAGCOR sets new rules on internet gaming operations

MANILA, Philippines - The Philippine Amusement and Gaming Corp. (PAGCOR), the country's gaming regulator, has tightened rules on online gaming,aimed at maintaining the highest standards of integrity. In a memorandum dated July 10, Pagcor said its board approved the new rules which shall govern the issuance of licenses on internet gaming as well as…

Law ・ 01 August 2023

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The Manila Times

Pagcor to launch own online casino, eyes modernization of slot machine operations

BUOYED by the revitalization of the local gaming industry, the Philippine Amusement and Gaming Corp. (Pagcor) is eyeing to implement measures that will further boost market growth, provide a more convenient gaming experience to guests, and encourage healthy competition. In his keynote address during the opening ceremony of the Sigma Asia Summit…

Industry ・ 26 July 2023

GGRAsia

Pagcor to launch own online casino in early 2024: Tengco

Amid the Philippine authorities' proposal to sell off the public-sector Casino Filipino chain of land-based venues, the country's government also plans for an online platform called casinofilipino.com, to be launched in the first quarter of 2024. So said Alejandro Tengco (pictured), chairman and chief executive of the country's gaming regulator,…

Industry ・ 21 July 2023

Reuters

Philippines gaming regulator bets on online casinos

MANILA, July 20 (Reuters) - The Philippine gaming regulator aims to take a slice of the lucrative online gaming market by launching its own e-gambling operations next year to grow its pool of customers and attract wealthy offshore gamblers, its chief said on Thursday. The Philippine Amusement and Gaming Corp (Pagcor), a gaming regulator and…

Industry ・ 20 July 2023

Philstar Global

Online gaming revenue seen to double to P24 billion

State-run Philippine Amusement and Gaming Corp. (PAGCOR) said gross gaming revenue of online gaming operations is targeted to more than double to P24 billion from only P11 billion in 2022. Vallery Hache / AFP MANILA, Philippines - The Philippines' online gambling industry may earn P24 billion this year amid planned reforms to establish the country…

Industry ・ 15 July 2023

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BNN Bloomberg

Philippines Cracks Down on China-Centric Online Casinos

Industry ・ 14 July 2023

Inquirer

Valenzuela bans Pogos, other forms of online gambling

MANILA, Philippines - Valenzuela City is the latest local government shutting its doors on Philippine offshore gaming operators (Pogos), whose contributions to the economy tend to be overshadowed by their increasing association with crime, particularly human trafficking involving Chinese nationals. Speaking to reporters on Tuesday, Mayor Wes…

Incidents ・ 05 July 2023

GGRAsia

Int Ent to buy 382 RGB slots for New Coast Hotel Manila

Hong Kong-listed International Entertainment Corp is buying a total of 382 slot machines of various models from RGB International Bhd, in a deal worth just over US$5.7 million. International Entertainment announced the agreement in a filing on Friday to the Hong Kong bourse. The machines to be acquired from RGB are to be deployed at New Coast Hotel…

Industry ・ 22 May 2023

World Casino News

Aristocrat Opened First Gaming Showroom in Philippines

Australian gaming machines and iGaming innovator, Aristocrat Leisure Ltd, reportedly opened "the first dedicated gaming showroom" in the Philippines. As GGRAsia reports, the gaming facility is part of Aristocrat's new offices located in Pasay City, Manila, in the vicinity of the popular Entertainment City casino area. Showcasing the Latest Gaming…

Industry ・ 27 April 2023

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GGRAsia

Philippine 2022 casino GGR up 91pct y-o-y

The Philippine casino sector produced gross gaming revenue (GGR) of just under PHP56.01 billion (US$1.02 billion) in the three months to December 31, up by 13.5 percent from the third quarter. The quarterly tally was up 96.2 percent from a year earlier. The figure excludes revenue from bingo operations, electronic games parlours and and from…

Industry ・ 07 March 2023

Manila Standard

Minors, students easy prey for illegal online gamblers

Illegal gaming operators are drawing increasing numbers of customers to their platforms, targeting even minors and students to their nefarious activities, by offering fewer restrictions to participate in online gambling. This, despite the implementation of strict measures by authorities to curb illegal gambling. Their lack of regulation, combined…

Law ・ 10 January 2023

Inquirer

PSA: Gambling industry among PH top employers

As they say, the house always wins. The gambling industry was still the top-paying employer in the country's arts, entertainment and recreation (AER) sector even as the economy struggled to stay afloat at the height of the pandemic in 2020, government figures showed. Workers in the gambling industry, including casinos, sports betting establishments…

Industry ・ 31 December 2022

Inquirer

Pasig bans Pogos, online gambling firms

Pasig City Mayor Vico Sotto has approved a local ordinance banning all online and offshore gaming operations in his jurisdiction, pointing out that gambling "undermines the social, moral and economic growth" of the city. City Ordinance No. 55, authored by Councilor Simon Tantoco, prohibits the issuance of permits to companies conducting e-games,…

Law ・ 29 December 2022

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Manila Bulletin

Ranking solon prods DICT to go after illegal gambling sites with these 2 agencies

Camarines Sur 2nd district Rep. LRay Villafuerte wants the Department of Information and Communications Technology (DICT) to spearhead an operation against illegal gambling sites together with the National Bureau of Investigation (NBI) and the Philippine Amusement and Gaming Corp. (PAGCOR). (Christin Hume/ Unsplash) Villafuerte made this pitch to…

Law ・ 12 December 2022

World Casino News

Metro Manila will be realized after Megaworld's investment

One of the biggest property developers in the Philippines, Megaworld Corporation, part of Aliance Global Group Inc., has signed a 261 mllion dollar (PHP 15 billion) investment agreement with Winford Resort for a three-hectare "new integrated lifestyle community" in Manilla with "residental condominiums, hotels and commercial developments with a…

Poker ・ 23 November 2022

GGRAsia

Philippines 3Q casino GGR up 8pct q-o-q to US$861mln

The Philippine casino sector produced gross gaming revenue (GGR) of just above PHP49.36 billion (US$860.7 million) in the third quarter of 2022, up by 7.6 percent from the previous quarter. The tally rose by 110.4 percent in year-on-year terms. That is according to the latest quarterly data released on Monday by the country's gaming regulator, the…

Bingo ・ 15 November 2022

Inquirer

LRWC bets on online bingo to reverse pandemic losses

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…

Covid ・ 26 October 2022

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GGRAsia

Manila’s Winford casino hotel promoter cuts 2Q loss

MJC Investments Corp, promoter of the Winford Manila Resort & Casino (pictured) in the Philippine capital, reduced its second-quarter net loss by 24.8 percent, to PHP130.0 million (US$2.3 million) from a net loss of PHP172.9 million in the prior-year quarter. The company reported a net loss of PHP249.3 million for the first six months of 2022. It…

Travel ・ 17 August 2022

The Manila Times

'Future of online gaming depends on Marcos admin'

ONLINE gaming or online gambling is still in limbo but revenue figures show that this should be looked at as a viable source of income, a ranking Philippine Amusement and Gaming Corp. (Pagcor) official said on Tuesday. "These figures will probably be considered by the next administration [of President Ferdinand'Bongbong' Marcos Jr.] and looked at…

Industry ・ 14 June 2022

Yogonet

PAGCOR probes forceful takeover of Okada Manila by representatives of casino founder Kazuo Okada

The Philippine Amusement and Gaming Corp (PAGCOR) said on Wednesday that they are looking into an incident that involved an on-site confrontation between the then sitting management of Okada Manila and representatives of Okada Manila's founder, Japanese casino billionaire Kazuo Okada, on the other. Tiger Resort Leisure and Entertainment released a…

Industry ・ 02 June 2022

Business Mirror

LRWC widens net loss in Jan-March

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…

Travel ・ 02 June 2022

The Statesman

Stricter policy on casinos

Billionaire Enrique Razon Jr. is leading the venture around the area where the once prestigious Puerto Azul Golf and Country Club in the municipality of Ternate is located. In a disclosure to the Philippine Stock Exchange last week, Razon's Bloomberry Resorts Corp. said it had signed an agreement with landowners to acquire 279 hectares in the area…

Covid ・ 25 May 2022

GGRAsia

Philippines 1Q casino GGR up 15pct q-o-q to US$627mln

The Philippine casino sector produced gross gaming revenue (GGR) of PHP32.75 billion (US$ 626.9 million) in the three months to March 31, up by 14.8 percent from the previous quarter. The tally rose 27.2 percent in year-on-year terms. That is according to data released this week by the country's casino regulator, the Philippine Amusement and Gaming…

Covid ・ 11 May 2022

GGRAsia

Okada Manila starts online play for clients in Philippines

The Okada Manila casino resort in the Philippine capital is offering online gaming for domestic customers in the nation with effect from mid-April. The resort's parent, Japan's Universal Entertainment Corp, said it had received approval from the Philippine authorities to run in tandem with its bricks and mortar casino (pictured), a total of eight…

Travel ・ 18 April 2022

The Manila Times

World-class casino operators towards responsible gaming

THE house always wins. The call to responsible gaming has never been loud and clear than it is today within the global gaming industry. What used to be in fine print that was easy to miss are now easy to read and transparently advertised - the house always wins. For instance, if you bother to check the website of the City of Dreams Manila, the call…

Gambling Addiction ・ 30 March 2022

GGRAsia

Philippines 4Q casino GGR up 22pct q-o-q to US$555mln

The Philippine casino sector produced gross gaming revenue (GGR) of just above PHP28.54 billion (US$555.2 million) in the three months to December 31, up by 21.7 percent from the third quarter. The figure excludes revenue from bingo operations and from electronic games parlours. The latest data took the casino GGR tally industry-wide for full-year…

Travel ・ 02 March 2022

GGRAsia

Junkets to find players beyond China: Clark casino boss

VIP gaming promoters, and in particular the ones based in Macau, will "find a way" to serve high-value customers from outside mainland China, says the boss of the newly-revamped Hann Casino Resort in Clark, in the Philippines. "I think junket operators in Macau will find a way to spread out in different jurisdictions" serving players other than…

Covid ・ 10 January 2022

GGRAsia

Several Manila casinos confirm no current Suncity ops

Two casino resorts in the Philippine capital Manila have confirmed to GGRAsia they no longer have links to junket brand Suncity Group and say respectively that the separation was some time ago; an on-site check at a third casino venue shows that a Suncity-branded room has not been open since early last week. The information comes as all Suncity VIP…

Travel ・ 06 December 2021

GGRAsia

Philippines 3Q casino GGR up 25pct q-o-q to US$469mln

The Philippine casino sector produced gross gaming revenue (GGR) of nearly PHP23.46 billion (US$467.9 million) in the three months to September 30, up by 24.8 percent on the PHP18.80 billion generated in the second quarter. The figure excludes revenue from bingo operations and from electronic game parlours. That is according to data released on…

Travel ・ 09 November 2021

Casino News Daily

Clark casino co. surrenders provisional license to PAGCOR; Suspends build

PH Resorts Group Inc, in the Philippines has received permission to suspend their provisional license for The Base Integrate Resort which was scheduled to open in 2022 within the Clark Freeport Zone. The 4.4 hectare (10.87 acre) development site is situated within a 177-hectare broader development owned by the Udenna Group's Clark Global City. The…

Travel ・ 08 October 2021

Gambling News

PH Resorts Rethinks CFZ Casino Plans as Philippines Continue to Fight COVID-19

The Clark Freeport Zone (CFZ) in the Philippine province of Pampanga is meant to be a massive hub of commercial activity, an attempt to bring additional income to the area. Casinos are a significant part of it, but one company has decided to take a step back and rethink its CFZ strategy. PH Resorts Group, through its Clark Grand Leisure Corp.…

Covid ・ 06 October 2021

GGRAsia

Int Ent confirms Manila casino mgmt deal with Pagcor

Hong Kong-listed International Entertainment Corp says a cooperation agreement with the Philippine Amusement and Gaming Corp (Pagcor) - involving creating a management committe for the former's existing casino in Manila - is now in place. The company said in a filing on Monday it had been "recently notified" via a subsidiary regarding reception of…

Covid ・ 31 August 2021

Casino News Daily

Philippine President Lifts Boracay Casino Ban

In a policy U-turn, Philippine President Rodrigo Duterte has lifted a ban on casino operations on the resort island of Boracay, saying he needs money to "pay a lot of expenses and keep the government running." In a televised address, the Philippine's top official apologized for his change of heart on gambling on Boracay, but went on to note that he…

Covid ・ 30 August 2021

GGRAsia

Philippine 2Q casino GGR down 27pct q-o-q at US$373mln

The Philippine casino sector produced gross gaming revenue (GGR) of nearly PHP18.80 billion (US$373.0 million) in the three months to June 30, down 27.0 percent on the PHP25.74 billion generated in the first quarter. The figure excludes revenue from bingo operations and from electronic game parlours. That is according to data released this week by…

Covid ・ 20 August 2021

GGRAsia

Manila’s Winford casino hotel promoter widens 1Q loss

MJC Investments Corp, promoter of the Winford Hotel and Casino (pictured) in the Philippine capital Manila, widened its first-quarter net loss by 66.4 percent, to PHP157.4 million (US$3.1 million) from a net loss of PHP94.6 million in the prior-year quarter. Its share of revenue from gaming operations fell by 68.6 percent year-on-year in the three…

Travel ・ 18 August 2021

GGRAsia

Int Ent delays realising Manila casino mgmt deal with Pagcor

Hong Kong-listed International Entertainment Corp says the carrying out of a cooperation agreement with the Philippine gaming regulator - involving creating a management committe for its existing casino in Manila - has to be "postponed" for now. The company said the decision was linked to pandemic-related developments, that had seen the Philippine…

Covid ・ 16 August 2021

Inquirer

Suncity vows to return irate casino high rollers’ millions stuck since pandemic began

MANILA, Philippines-The local unit of Suncity Group, the world's largest casino junket operator, is reportedly readying cash and properties to reimburse junket players hundreds of millions of pesos in advance deposit placements made just before the coronavirus pandemic struck in 2020. In a letter to the Philippine Amusement and Gaming Corp.…

Covid ・ 09 August 2021

GGRAsia

Metro Manila casinos shut from Aug 6 amid pandemic: ops

A number of casinos in the Entertainment City zone in the Metro Manila area has confirmed a temporary shutdown of gaming from August 6 to August 20, a period when the Philippine capital will be under the most restrictive "enhanced community quarantine" (ECQ), as a Covid-19 countermeasure, operators have respectively confirmed to GGRAsia. Resorts…

Covid ・ 03 August 2021

GGRAsia

Int Ent, Pagcor to sign deal to manage Manila casino venue

Hong Kong-listed International Entertainment Corp says that a Philippine subsidiary, Marina Square Properties Inc, is to sign an agreement with that country's casino regulator, the Philippine Amusement and Gaming Corp (Pagcor), regarding the management of a casino venue in Manila. Marina Square Properties runs the New Coast Hotel Manila (pictured)…

Land-based ・ 19 July 2021

European Gaming

PAGCOR Separates Teams to Increase Control Over Gambling Operations

The Philippine Amusement and Gaming Corp (PAGCOR) has decided to split its teams in two in order to have more precise control over gambling operations. The Compliance Monitoring and Enforcement Department - Integrated Resorts (CMED-IR) was previously responsible for all licensed casinos in Entertainment City, the Clark group of casinos and…

Travel ・ 13 July 2021

Gambling News

Retrospective: A Look at Some of This Week’s Top Gambling Stories

This week brought a number of changes to the global gaming industry, although some could argue that not all of the changes were for the better. Looking back on some of the larger stories of the week, it's apparent that industry players are working hard to advance the market. However, not all of them are going about it the same way. There was once a…

Covid ・ 09 July 2021

GGRAsia

Pagcor gets separate teams to monitor IRs, Internet gaming

The Philippine Amusement and Gaming Corp (Pagcor), that country's casino regulator, has told GGRAsia it now has two separate teams of officials in order to oversee respectively the land-based casino licensees and operators of online-based games. The move is part of recent organisational changes, the body stated. Pagcor had already mentioned in June…

Travel ・ 07 July 2021

Korea Portal

Okada Manila Casino Resort Now Offers Online Gaming

With permission from the Philippine Amusement and Gaming Corp (PAGCOR), Okada Manila Casino Resort can now offer online gaming to its patrons. On Monday, PAGCOR gives Okada Manila Casino Resort the green light to operate and offer online gaming to its customers. According to Universal Entertainment Corporation, "The system is scheduled to go into…

Travel ・ 19 May 2021

Gambling Insider

The Philippines allows three domestic casino licences

Andrea Domingo, head of the Philippine Amusement and Gaming Corp (PAGCOR), has confirmed three integrated resorts (IRs) in Manila were allowed to start offering online service for table games and slots. The IRs in question are Solaire Resort and Casino, Resorts World Manila and Okada Manila, but it's unclear if they are able to offer digital games…

Covid ・ 07 May 2021

Philstar Global

Pagcor taps e-sabong to shore up revenue

MANILA, Philippines - State gaming regulator Philippine Amusement and Gaming Corp. (Pagcor) is ready to tap revenues from online gambling on electronic cockfights, better known as online sabong or e-sabong, even as it complains of the pervasiveness of this type of gambling during the pandemic when many Filipinos depend on the internet. Andrea…

Finance ・ 07 May 2021

GGRAsia

Pagcor boss affirms some Ent City casinos have PIGO permits

The head of the Philippine casino regulator has confirmed that three of Manila's Entertainment City gaming resorts are among venues approved to offer online gaming to domestic players via their premises using a new "PIGO", or Philippine Inland Gaming Operator, licence. They are: Solaire Resort and Casino, run by Bloomberry Resorts Corp; Okada…

Covid ・ 19 January 2021

Philstar Global

Gambling operators should course license applications to PNP

Gambling operators should course license applications to PNP MANILA, Philippines - Gambling operators seeking a permit to operate from the government will have to course their applications through the Philippine National Police. PNP chief Gen. Debold Sinas and Philippine Amusement and Gaming Corp. (Pagcor) chairperson Andrea Domingo agreed in…

Industry ・ 19 January 2021

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The Manila Times

Pagcor to launch online casino

State-run Philippine Amusement and Gaming Corp. (Pagcor) is set to introduce an online casino called "Live Shots" that will cater to Filipino gamblers. "The one that we have approved so far and might be implemented later this month or early next year is called Live Shots," Pagcor Chairman and Chief Executive Officer Andrea Domingo announced during…

Covid ・ 19 January 2021