Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang
Philippine authorities have arrested eight men alleged to be members of a Chinese “kidnap for ransom” gang targeting employees of the nation’s online gaming industry. According to a report by Reuters, the arrests took place in San Pedro south of...
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Philippines court order preventing new 5% franchise tax could halt POGO exodus
A temporary restraining order (TRO) issued by the Supreme Court of the Philippines preventing application of a 5% franchise tax on POGO operators could halt a growing exodus from the country, according to head of research at Colliers Philippines, Joey...
Suntrust raises US$270 million for Manila hotel and casino project as Suncity Group, Summit Ascent subscribe to bonds
Philippines-listed Suntrust Home Developers has issued convertible bonds totaling a combined Php12.9 billion (US$269.5 million) to entities of Hong Kong’s Suncity Group and Summit Ascent as it accelerates preparations to develop a US$700 million hotel and casino at Manila’s Westside...
PAGCOR remits US$354 million to Philippines government in 2020 for COVID-19 relief efforts
Philippines gaming regulator PAGCOR remitted Php17 billion (US$353.7 million) to the Bureau of the Treasury through 15 December 2020, placing it among the nation’s top contributors despite vastly reduced income as a result of the COVID-19 pandemic. According to numbers...
Rich Goldman back in the junket biz after finalizing new Philippines joint venture partnership
Former Macau junket investor Rich Goldman Holdings Ltd says it has launched a new Philippines junket business at Solaire Resort & Casino in Manila after entering into a profit share agreement with the company’s joint venture partner. In a Hong...
Current issue
Udenna boosts PH Resorts Group stake to 86.6%
Philippines conglomerate Udenna Corporation has increased its stake in PH Resorts Group, the company’s gaming and hospitality arm, by more than 4% to 86.59% following completion of a new shares subscription. According to a Comprehensive Corporate Disclosure on Issuance of...
Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021
The Phil-Asian Gaming Expo (PAGE) has announced that Manila’s SMX Convention Centre will be the single venue for PAGE 2021, having previously planned to jointly host PAGE 2021 at the nearby World Trade Center (WTC). PAGE organizers revealed via a...
Solaire launches “Heart of the Holidays” promotional video
Solaire Resort & Casino has launched a special “Heart of the Holidays” video to promote the resort’s gaming and non-gaming offerings during the upcoming holiday period. Featuring a Christmas theme, the short video sees SVP for Resort Operations, David Batchelor,...
