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The Philippine gambling industry is projected to exceed US $6 billion in revenue for 2024. The Philippine Amusement and Gaming Corporation (PAGCOR) chairman, Alejandro Tengco, told reporters, “Our GGR for the year is over 350 billion pesos.” Despite regulatory crackdowns on Philippine Offshore Gaming Operators (POGOs), the gambling industry has exceeded expectations and is on … Read more
The $1.1 billion integrated hotel and casino project by SunTrust Resort Holdings in Manila’s Entertainment district is facing a significant delay. Initially planned for completion in late 2024, the revised timeline now targets completion in the fourth quarter of 2025. SunTrust Manila is poised to be a key player in the Philippines’ booming gaming and … Read more
The Philippines is gearing up for the crucial final hearings on the probe into the Philippine Offshore Gaming Operators (POGO) program. These hearings hold the promise of unveiling the true role of the alleged criminal culprits, a significant development that will keep the public informed and engaged. Today, there is a Senate hearing where POGOs … Read more
The Philippine casino industry has long been vital to the nation’s economy, generating revenue for other public services. Regulated by the Philippine Amusement and Gaming Corporation (PAGCOR), the gambling industry is poised for a transformative era as privatization is now in motion. PAGCOR operates under a dual mandate: regulating private gaming establishments and managing government-owned … Read more
The Philippine online gambling market reached new heights in Q3 2024, with a total revenue increase of approximately 12% compared to last year. The Philippine Amusement and Gaming Corporation (PAGCOR) recently released revenue reports that indicated that online or iGaming revenue has increased 465% from the previous year. The iGaming market in the Philippines consists … Read more
Inspector General Krishna Murti, head of international relations for Indonesia’s National Police, has confirmed that 569 Indonesians have been arrested in the Philippines. The arrests stem from an illegal online gambling raid at the Tourist Garden Hotel in Lapu-Lapu City. Murti stated, “They are not part of the victims of the human trafficking, but they … Read more
The NuSTAR casino first opened its doors in 2022 with its Queen City, Cebu location, and business has been good. It is so good that the new casino is already ranking sixth in total gross revenue among other land-based casinos in the country. Since things have gone so well in Cebu, expansion and where in … Read more
The Philippine Amusement and Gaming Corporation (PAGCOR) has now postponed the sale of its government-owned casinos to 2026. A few months back, PAGCOR officially announced they would sell their 45 government-owned casinos and gaming halls to privatize the gaming industry and focus solely on regulation. This move is essential to legitimizing the industry and building … Read more
Philippine authorities have arrested 150 foreigners operating illegal online casinos and various other scams in Cebu. The Cebu Daily News is reporting that the Philippine National Police (PNP), alongside other government agencies, have conducted a raid in Cebu that led to the arrest of 83 Chinese, 70 Indonesians, and various other foreigners. The workers were … Read more
Quezon City Mayor Joy Belmonte announced that the new Solaire North Casino is off-limits to Government employees. Solaire North Casino is the second casino property owned by Bloomberry Resorts in the Philippines. The new casino has a 38-story hotel with a 4-story casino. There are nearly 2,700 slot machines and 163 live dealer tables. The … Read more