Tag Archives: Leisure and Resorts World Corp
- First Cagayan lost half its online gambling licensees to PAGCOR
August 4, 2017
The Philippines’ former main online gambling licensing body has lost nearly half its licensees since the government assumed greater oversight of the industry last year. This week, Francis Hernando, chief operating officer of Philippine gaming operator Leisure and Resorts World Corp (LRWC), told the Philippine Star that the company’s First...
- Duterte’s gambling policy pulls down LRWC Q1 net income
May 18, 2017
Philippine-listed holding company Leisure and Resorts World Corporation (LRWC) is feeling the pinch of President Rodrigo Duterte’s new online gambling policy, with its gambling segments posing significant decreases in income in the first quarter of the year. LRWC, which operates a bingo gaming business and maintains majority interest in First...
- Leisure and Resorts World Corp. ekes out 2% profit rise in 2016
April 18, 2017
Philippine-listed gambling firm Leisure & Resorts World Corp. (LRWC) survived a tumultuous year for the local gambling industry as it managed to eke a two percent rise in consolidated net income in 2016. Despite the online gambling war that Philippine President Rodrigo Duterte launched in the second half of 2016,...
- LRWC consolidated net income down 17%
November 24, 2016
Philippine-listed gambling firm Leisure & Resorts World Corp. (LRWC) see its consolidated net income slide by 17 percent during the third quarter of 2016. In a regulatory filing, LRWC announced that it posted a consolidated net income of P288.6 million (US$5.77 million) in the July to September 2016 period, much...
- Belle Corp. Rescinds Agreement with Leisure Resorts
November 8, 2016
Belle Corporation has rescinded its revenue-sharing agreement with gaming investor Leisure Resorts World Corporation (LRWC). The gaming and property unit of the Sy family made the announcement in a filing before the Philippine Stock Exchange on Friday. Belle will pay LRC a total of P5.09 billion (US$104.56 million) for the...
- PAGCOR OKs resumption of LRWC eBingo operations
September 26, 2016
State-run Philippine Amusement and Gaming Corporation (PAGCOR) has greenlit the resumption of some of the eBingo parlors of Philippine gaming investor Leisure and Resorts World Corp (LRWC). LRWC said in a filing before the Philippine Stock Exchange on Monday that AB Leisure Exponent Inc., one of its subsidiaries, was able...
Okada Manila eyes Philippine backdoor listing
May 2, 2017