Location: Philippines
Cash-strapped Philippine tycoon ropes in Okada Manila owner to finish stalled Cebu Casino project
PH Resorts Group Holdings—controlled by Davao-based businessman Dennis Uy—said it has agreed to sell a majority stake in its stalled casino... more
Okada Manila takeover saga ends as Supreme Court lifts Status Quo Ante Order, rules Kazuo Okada “properly removed” from company
A 2022 court order that led to a forced takeover of Philippines integrated resort Okada Manila by a group representing its ousted founder... more
Financial Action Task Force urges Philippines to “swiftly address” AML deficiencies as January deadline looms
The Financial Action Task Force, a global AML watchdog, has urged the Philippines to swiftly implement plans to address key deficiencies in... more
Morgan Stanley: Solaire likely lost Manila market share to Okada in 3Q23
Bloomberry Resorts has yet to release its financial results for the three months to 30 September 2023, but investment bank Morgan Stanley... more
PAGCOR: POGOs to be renamed Internet Gaming Licensees, “55 to 65” licenses to be approved
The Chairman and CEO of Philippine gaming regulator PAGCOR has revealed that licensed offshore gaming operators will no longer be known as... more
PAGCOR remittance to government approaching pre-pandemic levels
Philippines gaming regulator PAGCOR remitted 43% more revenue to the government’s coffers in the first seven months of the year than during... more
U.S. judge says no requirement for Okada Manila SPAC merger to proceed
A US court has ruled that the operating entity of Philippines integrated resort Okada Manila will not be required to complete a previously... more
PAGCOR taking legal action against 33 POGOs for US$37 million in unpaid fees
Philippines gaming regulator PAGCOR says it is taking legal action against 33 offshore gaming licensees over Php2.02 billion (US$35.6... more
Momentum slows for Philippines gaming industry in 2Q23 as GGR falls 2.2% to US$1.22 billion
The Philippines gaming industry saw its recent momentum slow in the three months to 30 June 2023, with gross gaming revenues falling by... more
PAGCOR introduces new regulatory framework for POGOs with beneficial owners in firing line
Philippines gaming regulator PAGCOR says it will put greater focus on the evaluation of the beneficial owners of offshore service providers... more
