Tag Archives: Philippines
- Cebu City Council backs new IR project outside Manila
November 23, 2017
The Cebu City Council (CCC) has backed the bid of Philippine property developer Universal Hotels and Resorts Inc. (UHRI) to construct an integrated resort outside Manila. Cebu Daily News reported that, by a 7-5 vote, the CCC has endorsed UHRI’s application for a casino license from the state-run Philippine Amusement...
- Higher gaming platform use lifts DFNN earnings
November 20, 2017
Revenues of Philippine-listed game technology provider DFNN surged more than sixfold in the first nine months of the year on the back of a robust platform affiliates business segment. In a disclosure to the Philippine Stock Exchange last week, DFNN reported that its revenues climbed by as much as 616...
- Razon sizes up Vietnam, Japan for potential Bloomberry expansion
November 15, 2017
Another country has been added to Bloomberry Resorts’ growing list of potential new ventures as the leisure and gaming company eyes expanding its operations outside of the Philippines. In a filing to the Philippine Stock Exchange, Bloomberry named Vietnam and Japan among the “several prospective jurisdictions” it is eyeing at...
- Bloomberry scraps Jeju Island casino sale plan
November 14, 2017
Philippine-listed casino operator Bloomberry Resorts Corp. has shelved plans to sell its Jeju Sun Hotel & Casino as the revenue of the foreigners-only casino resort in the holiday island of South Korea improves. Bloomberry chairman Enrique Razon, Jr. disclosed to local reporters on the sidelines of the Association of Southeast...
- PAGCOR auctions portions of Solaire Casino land
November 13, 2017
State regulator Philippine Amusement and Gaming Corporation (PAGCOR) is bidding out two parcels of land in Manila’s Entertainment City on which the Solaire Resort and Casino stands. PAGCOR announced on its official website on Wednesday that it is auctioning the two lots that have a combined area of 160,359 square...
- Travellers International continues losing streak in Q3
November 10, 2017
The financial bleeding of Philippine-listed casino operator Travellers International Hotel Group Inc. (TIHGI) has extended in the third quarter of the year as this summer's deadly arson attack continues to hound Resorts World Manila. From a PHP1.18 billion (US$24 million) profit in 2016, TIHGI came crashing back to earth with...
Okada Manila eyes Philippine backdoor listing
May 2, 2017