Tag Archives: Philippines
- Universal clueless on Okada Manila backdoor listing plan
October 18, 2017
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...
- Philippine police arrest more casino loansharks/kidnappers
October 17, 2017
Philippine authorities have arrested another gang of kidnappers who preyed on Manila casino high-rollers. On Tuesday, the Philippine National Police (PNP) Anti-Kidnapping Group announced the arrest of six individuals suspected of membership in a gang of kidnappers that abducted VIP gamblers from Manila casinos, then detained these gamblers for up...
- Philippine casino industry likely to lose steam in Q3 – MS
The Philippine casino industry may have lost steam in the July to September 2017 period compared to the previous quarter. International financial brokerage Morgan Stanley made this comment in a memo on Sunday as it forecast gross gaming revenues declining in the third quarter. The only consolation for investors is...
- Okada Group in talks of acquiring Philippine-listed holding firm
October 16, 2017
The group of Japanese casino mogul Kazuo Okada is apparently window shopping for publicly listed companies in the Philippines in preparation for its Philippine bourse debut. Citing several industry sources, The Philippine Daily Inquirer reported that Okada’s local representatives looked at three publicly-listed firms to take over for the prospective...
- Group vows to fight Philippine Army-Navy club casino conversion to the end
October 13, 2017
An anti-corruption watchdog will fight tooth-and-nail at the Philippine Supreme Court against plans to convert the historic Army and Navy Club into a casino gaming facility and a five-star boutique hotel. The Volunteers Against Crime and Corruption (VACC) group is planning to elevate the Army-Navy conversion issue before the Supreme...
- Illegal gambling takes a big chunk out of the Philippine lottery revenue
October 10, 2017
The illegal numbers game continues to burn a big hole in the Philippine lottery agency’s pockets. BusinessMirror reported that the small town lottery (STL) operated by the Philippine Charity Sweepstakes Office (PCSO) lost an estimated 30 percent of its earnings to stiff competition from the illegal numbers game that the...
Okada Manila eyes Philippine backdoor listing
May 2, 2017