Tag Archives: Philippines
- Charges dropped against 30 alleged Manila casino kidnappers
July 25, 2017
Philippine authorities have dismissed charges against 30 foreign nationals suspected of belonging to a kidnapping gang that preyed on casino gamblers. Last week, Philippine National Police (PNP) and Bureau of Immigration (BI) agents arrested 44 foreign nationals in a series of raids that led to the rescue of Wu Yan,...
- Philippine online gambling not yet PAGCOR’s main cash cow
The Philippines’ gaming regulator/casino operator reported a one-quarter rise in profits in the first half of 2017. Figures released this week by the Philippine Amusement and Gaming Corporation (PAGCOR) show its revenue from gaming operations rising 8.4% year-on-year to P28.3b (US $558.6m) in the six months ending June 30, while...
- Philippine House divided over congressional casino franchise requirement
Philippine legislators are divided over a proposal to require casino operators to get congressional franchises. ABS-CBN News reported that Philippine House Speaker Pantaleon Alvarez is pushing for the amendment of the Philippine Amusement and Gaming Corporation’s (PAGCOR) charter, specifically the removal of the agency’s regulatory functions over casinos. Alvarez opened...
- Frontier Capital’s search for Clark casino’s escrow funds continues
July 24, 2017
The fate of the Casablanca Casino in the Clark Freeport Zone in the Philippines remains in limbo because its new owner, casino investor Frontier Capital Group, has yet to cough up the remaining escrow requirements of the Philippine Amusement and Gaming Corporation (PAGCOR). Australia-listed Frontier Capital Group acquired the Stotsenberg...
- Duterte quits online gambling nitpicking in new state address
Philippine President Rodrigo Duterte delivered on Monday his second state of the nation address, which was basically the same as last year—justifying his campaign against drugs, crackdown on corruption, improving the country's infrastructure while denying allegations of human rights violations. In a two-hour litany of his supposed accomplishments during his...
- Emmanuel Segismundo and Tetsuya Tsuchikawa win the first side event trophies
July 21, 2017
Manila, Philippines, July 2017 – The Asian Poker Tour awarded two trophies today at the APT Philippines 2017! The first one went to one of the country’s star players, Emmanuel Segismundo, who rose to the top of the heap in the Opening Event and the second one went to Japan’s...
Okada Manila eyes Philippine backdoor listing
May 2, 2017
PAGCOR eyes Cebu as Philippines’ next gambling hub
March 21, 2017