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E-Games GGR might hit US$2.8bln in 2025: Pagcor

E-Games GGR might hit US$2.8bln in 2025: Pagcor

The Philippine Amusement and Gaming Corp (Pagcor), the country’s gaming regulator, expects gross gaming revenue (GGR) from the electronic gaming segment to reach PHP160 billion (US$2.75 billion) in 2025.The estimate was made by Pagcor’s E-Gaming Licensing Department in a written reply to GGRAsia, wh

33like·0comment01-24
Pagcor says tax fee on e-Games cut from January 1

Pagcor says tax fee on e-Games cut from January 1

State-run Philippine Amusement and Gaming Corp (Pagcor) says the new 30-percent rate applicable to operators of electronically-delivered games – referred to as e-Games – has been effective since January 1, 2025. The reduction in the rate is part of the agency’s “efforts to combat ille

33like·0comment01-21
Waterfront Manila casino soft opening 1Q 2026: Acesite

Waterfront Manila casino soft opening 1Q 2026: Acesite

The reopening of the Waterfront Manila Hotel & Casino (pictured in a rendering) in the Philippines “will be executed in three carefully planned phases,” according to a Thursday filing to the Philippine Stock Exchange from the venue’s promoter, Acesite (Philippines) Hotel Corp.A soft opening for

29like·0comment01-19
Okada Manila 4Q GGR improved q-o-q, to US$153mln

Okada Manila 4Q GGR improved q-o-q, to US$153mln

Fourth-quarter casino gross gaming revenue (GGR) declined by 3.7 percent year-on-year but was up sequentially at the Okada Manila casino resort (pictured) in the Philippine capital, according to a Wednesday filing from its parent, Japanese conglomerate Universal Entertainment Corp.Such GGR for the t

31like·0comment01-15
LET Group reports a US$1.2 million loss from the dissolution of a joint venture.

LET Group reports a US$1.2 million loss from the dissolution of a joint venture.

Casino investor LET Group Holdings Ltd expects to record "a net loss of approximately HKD9 million" (US$1.2 million) from the dissolution of Gold Yield Enterprises Ltd, a joint venture company 50-percent owned by a unit of LET Group. The dissolution of Gold Yield Enterprises was "effective on 9 Dece

27like·0comment01-14
Local govt must step up POGO clearout: Interior Secretary

Local govt must step up POGO clearout: Interior Secretary

Local-government bosses in the Philippines have been told by the national authorities to step up inspection of business premises to make sure they are not hosting either offshore online gaming operations or workers of such now-banned entities.Last year the Philippine President, Ferdinand Marcos

31like·0comment01-14
Belle to gain by a Clark casino as tourism grows: CEO

Belle to gain by a Clark casino as tourism grows: CEO

Belle Corp, including its recently-delisted unit Premium Leisure Corp, are “well-prepared to explore opportunities” in the Clark casino market in the Philippines, according to a statement issued on Thursday quoting Armin Raquel Santos (pictured), the group’s president and chief executive.“Clark’s st

28like·0comment01-09
Philippines to invest US$132mln to upgrade airports

Philippines to invest US$132mln to upgrade airports

The Philippine government has allocated about PHP7.70 billion (US$131.5 million) for the upgrade of 15 airports across the country under this year’s budget. The information was disclosed on Wednesday by lawmaker Luis Campos Jr, vice chair of the House Appropriations Committee, reported the official

22like·0comment01-09
Bloomberry 2025 net revenue forecast cut 17pct by Maybank

Bloomberry 2025 net revenue forecast cut 17pct by Maybank

Brokerage Maybank Securities Inc has reduced by 16.9 percent its estimate for 2025 consolidated net revenue at Philippine casino group Bloomberry Resorts Corp, saying the firm is likely to be in a “challenged” business environment this year, “particularly” for its flagship Solaire Resort & Casin

23like·0comment01-09
Authorities shut down Fontana Leisure Parks & Casino

Authorities shut down Fontana Leisure Parks & Casino

The Clark Development Corp issued on Monday a cease and desist order against Fontana Development Corp and Fontana Resort and Country Club Inc, suspending indefinitely the operation of Fontana Leisure Parks & Casino at the Clark Freeport Zone in the Philippines.The order against the companies was

27like·0comment01-09
Foreign tourists to Philippines top 5.4mln, below 2024 target

Foreign tourists to Philippines top 5.4mln, below 2024 target

The Philippines received circa 5.44 million foreign tourists in full-year 2024, up 8.7 percent from a year earlier, according to data published on Friday by the nation’s Department of Tourism. Foreign tourists accounted for 91.4 percent of aggregate arrivals, which include people classified as overs

32like·0comment01-06
NUSTAR appoints Aragon-GoBio as president and CEO.

NUSTAR appoints Aragon-GoBio as president and CEO.

Robinsons Land Corp, the promoter of the NUSTAR Resort & Casino, a Cebu tourism complex in the Philippines, has promoted Maria Socorro Isabelle Aragon-GoBio to the role of president and chief executive. Her appointment is effective from February 1, according to a Monday statement.Philippines-lis

23like·0comment01-06
DigiPlus granted sports betting, iGaming rights in Brazil

DigiPlus granted sports betting, iGaming rights in Brazil

Philippine-listed DigiPlus Interactive Corp says its wholly-owned subsidiary, DigiPlus Brazil Interactive Ltda, is among a number of applicants granted “definitive authority” by the Brazilian government, to operate “sports betting and other online games” in that nation.That is according to a Thursda

29like·0comment01-04
CFO resigns at Westside City casino hotel backer Suntrust

CFO resigns at Westside City casino hotel backer Suntrust

Suntrust Resort Holdings Inc says Sutharshan Kandiah has resigned as chief financial officer (CFO), with his resignation letter acknowledged at the firm’s board meeting on Thursday.Suntrust Resort is developer of the “main hotel casino” (pictured in an artist’s rendering) at Westside City in th

31like·0comment01-04
Manila’s Solaire hiring for online gaming team

Manila’s Solaire hiring for online gaming team

Solaire Resort & Casino at Entertainment City in Manila says it is recruiting for its “online gaming team”, according to a Friday post on social media platform LinkedIn.The positions offered include “director of online gaming – product”, “director, online gaming – retention marketing”, “head of

31like·0comment2024-12-27
CasinoPlus creating online network of Philippines IRs

CasinoPlus creating online network of Philippines IRs

CasinoPlus, an online gaming provider regulated by the Philippine Amusement and Gaming Corp (Pagcor), says it has clinched the agreement of a number of the country’s integrated resort (IR) licensees to expand the online gambling offering within the Philippines.In total, seven casino resorts, encompa

31like·0comment2024-12-27
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