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The Philippine Amusement and Gaming Corporation (PAGCOR) has cut 665 jobs after selling its casino in Manila Bay. Last year, PAGCOR announced plans to privatize the casino industry and promised to sell all their owned casinos by 2025. PAGCOR first announced the transition to privatization in 2023. The gambling regulator told employees that they would not lose … Read more
A representative from the Philippine Amusement and Gaming Corporation (PAGCOR) has requested a bill to be drafted by the Senate that would lower the tax rate on casino winnings. Arnold Salvosa, PAGCOR’s corporate services department assistant vice president, told the state Senate that Singapore and Macau don’t impose taxes on casino winnings. Salvosa also stated, … Read more
The Philippine Amusement and Gaming Corporation (PAGCOR) chairman, Alejandro Tengco, told media sources that the agency wants to reduce revenue share to make the market more competitive and fight illegal gambling operations. Tengco stated that the goal is to cut the revenue share to 30-32 percent by next year. The current revenue share is 42.5%, down from … Read more
E-gaming in the Philippines is expected to continue its popularity in 2024 and could one day outweigh domestic casino services and revenue. While domestic casinos are going nowhere soon, they are looking to break into as many markets as possible, and the best way to do that is online. There are tons of casinos and … Read more
The Philippine Supreme Court has settled the dispute over the rightful ownership of the Okada Manila casino. Universal Entertainment, the Tokyo-based gaming conglomerate, stated that the Supreme Court lifted the Status Quo Ante Order (SQAO), first issued in 2022. The SQAO ordered Universal to restore the board compensation to its 2017 agreement when Kazuo Okada … Read more
In a show of cooperation, both Beijing and Manila have disbanded an illegal gambling ring that involved 180 Chinese nationals. In October of 2023, Philippine authorities raided an illegal offshore gambling ring that saw 180 Chinese nationals repatriated back to China, according to the Beijing Embassy. The Embassy added that it fully supports joint law enforcement … Read more
Solaire Resort North is set to open in March of 2024 after facing several delays that pushed back its grand opening. Bloomberry Resorts Corp., the integrated casino operator best known for its Paranaque-based Solaire Resorts and Casino, is seeking to open its second casino resort in the Philippines. The second location will open in Quezon … Read more
Philippine Gaming Regulators and the Philippine National Police (PNP) are targeting illegal casino and cockfighting websites to clean up the country’s gambling industry. Globe Telcom Inc. has reported a surge in the number of illegal gambling sites and has started to intensify its efforts to block those websites. According to a statement released by Globe … Read more
The Universal Entertainment Corporation, the parent company of Okada Manila casino, is looking to take over the stalled Emerald Bay casino resort in Cebu. Universal has agreed to invest, and construction will resume if the deal goes through. The company plans to have the project completed by July 2026. PH Resorts Chairman Dennis Uy said … Read more
The Philippine Amusement and Gaming Corporation (PAGCOR) CEO Alejandro Tengco has told media sources that the country’s gaming revenue has returned to pre-pandemic levels. During the COVID-19 pandemic, the Philippines, like many others, implied strict travel restrictions and restrictions on public gatherings, leading to many domestic casinos closing their doors. Now that all the restrictions are gone … Read more