Tag Archives: Philippines
- Premium Leisure Corp. notches 57.4% net income in Q3
October 26, 2017
Through its subsidiary Pacific Online Systems Corporation (POSC), gaming investment firm Premium Leisure Corp (PLC) netted Php1.68 billion revenue from equipment lease rentals, commission, and distribution as of September 30, 2016. For the nine months to September 30, PLC reported that its net income leapfrogged by 94 percent to Php1.53...
- AMLC issues fresh Philippine casino rules to combat dirty cash
October 24, 2017
Felons will have a more difficult time laundering dirty cash in Philippine casinos after the country’s Anti-Money Laundering Council (AMLC) issued fresh rules for the brick-and-mortar facilities. The 23-page implementing rules and regulations that the AMLC drafted with the Philippine Amusement and Gaming Corp., the Cagayan Economic Zone Authority, and...
- Razon: Bloomberry QC casino project to push through
October 20, 2017
Philippine-listed casino operator Bloomberry Resorts Corp. is not backing down from its plan to construct another casino outside Manila's Entertainment City gaming zone despite being met with opposition. Bloomberry chairman Enrique Razon Jr. is determined to push through with its planned hotel and casino development in Quezon City, although its...
- Philippine casinos flying high in 2017 thanks to junkets, slots
October 19, 2017
Philippine-licensed casino operators got big boosts from junket operators and slot machines in the first half of 2017. This week, the state-owned Philippine Amusement and Gaming Corporation (PAGCOR) reported its official financial breakdown of the country’s gaming industry for the second quarter of 2017. For whatever reason, it’s the first...
- No application yet for Bloomberry casino in nearby Philippine city, residents told
October 18, 2017
The Philippine government has allayed fears of Quezon City residents by saying that there’s no formal applications yet for the establishment of a casino in the area. A paid advertisement in the guise of an open letter was published in different daily broadsheets on Monday, which bore the appeal to...
- Universal clueless on Okada Manila backdoor listing plan
Looks like Japanese casino mogul Kazuo Okada has kept Universal Entertainment Corp in the dark regarding his plan to list Okada Manila in the Philippine Stock Exchange (PSE) through a back door. In a regulatory filing, the Japanese gaming conglomerate said the company is unaware of Okada’s plans to acquire...
Okada Manila eyes Philippine backdoor listing
May 2, 2017