A stalled integrated casino resort in Emerald Bay has a new life now that Tiger Resort Leisure and Entertainment, Okada Manila’s owner, has agreed to help fund the project. PH Resorts Group Holdings has agreed to sell a majority stake in the Emerald Bay Casino project to complete the project. Dennis Uy, a Davao-based businessman … Read more
After an intense year following a casino takeover and the ousting of the board member from whom the casino took its name, Okada Manila is reporting a 24% revenue decline in quarter 1 of 2024. The Tiger Resort Leisure and Entertainment Company currently operates the Okada Casino in Entertainment City. Known as the biggest casino in … Read more
Well, the 2021 PBA Governors’ Cup is officially over, with Barangay Ginebra San Miguel completing their historic run to the title. As the 6-seed, Barangay Ginebra was the underdog at the best Philippine sports betting sites for just about every single contest. First, they knocked off TNT Tropang Giga in a twice-to-beat quarterfinal, beating the … Read more
In the Philippines, casino gambling is big business. And despite the recent reduction to 50% capacity on area gaming floors (75% inside Metro Manila IR casinos), revenues are up substantially over last year. However, before you venture back out to your favorite nearby gambling house – if you’re legally allowed to, that is – you … Read more
Last week, we told you about the arrest of Suncity Group’s Alvin Chau in Macau. Chau, accused of illegally funneling Chinese gamblers to online operations (allegedly – at least in part – to Philippine POGOs), has resigned from all posts within Suncity, but questions remain as to the overall fallout from the scandal. While these … Read more
Quezon city officials recently told media outlets that they are going to impose a casino entry fee on city residents. The proposed entry fee would generate additional income and detur city residents from gambling at the local casinos. Vice Mayor Joy Belmonte says the purpose of the proposed entry fee is to protect their citizens … Read more
For 2018, state-owned casinos have reportedly earned $1.3b last year to end the year with an 18% increase from 2017. The Philippine Amusement and Gaming Corporation (PAGCOR) currently operates eight casinos and 34 satellite gaming outlets. PAGCOR is also the sole regulator for most of the Philippines excluding the Cagayan Special Economic Zone which services … Read more