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Philippines to fight off Asian competition

The Philippines has been one of the best-performing gaming jurisdictions over the past five years and is expected to continue to outperform, despite rising regional competition, as the country’s operators expand.

Regions present expansion opportunities

The Philippines’ regional casinos may not get the same headline publicity as the bigger resorts in Manila, but the number of properties has been growing and their client base evolving as amenities and infrastructure improves.

Court upholds DFNN award ruling against PCSO

The Court of Appeals has again affirmed a claim by DFNN for damages from the Philippine Charity Sweepstake Office (PCSO) for unilaterally pulling out of an equipment lease agreement. 

QTech Games sees strong Q3 Asia growth

QTech Games saying gaming turnover in Asia more than doubled in August and rose 120 percent in September, beating analysts’ projections. 

Widus signs lease for PHP12b Clark resort

The Widus Group has signed a lease for 450 hectares of land in New Clark City for a PHP12 billion ($234 million) project to develop a luxury mountain resort.

Suncity Philippines foray questioned by regulators

Suncity’s backdoor foray into the Philippines gaming industry has raised questions from industry stakeholders, particularly regulators, according to local media. Last week, the Hong Kong-listed...

POGO expansion to continue in 2020: Property exec

The Philippine offshore gaming operators (POGO) are expected to continue expansion in 2020, despite uncertainties facing the sector including Beijing’s call to ban online...

Trading of Suntrust shares halted as listing rules breached

Shares of Suntrust Home Developers Inc. are to remain suspended from trading by the Philippine Stock Exchange after it was found that its deal...
Suncity VIP room

Casinos counter Chinese VIP conundrum

There’s no doubt that the integrated resorts springing up across Asia were targeted at China’s VIPs, but with that market in retreat there’s little sign of high rollers from other jurisdictions stepping up to take their place.
Marina Bay Sands

LVS to dominate in Asia for the next five years

Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.

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SJM Holdings Q3 misses estimates on weak VIP

SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.

Macau Oct. GGR hit by junket hold: Nomura

Macau’s lower-than-expected gross gambling revenue in October may have been due to low VIP hold at one of the territory’s largest junkets, according to...

POGOs to resist political pressures

With the win from China-facing igaming operations forecast to hit $33 billion in 2019, the Philippines has little incentive to curb activities of POGOs.

Vanuatu casino complex for sale

Pacific Advisory is seeking expressions of interest for The Holiday Inn Resort and Casino in Vanuatu. 

Japan AML measures under scrutiny

The intergovernmental Financial Action Task Force began an in-depth survey of Japan’s anti-money laundering policies this week, examining government ministries, private banks, and cryptocurrency exchanges.