Third POGO shut down by authorities but law firm says online operators have no plans to close voluntarily
The government of Makati City in Manila shut down a Philippine Offshore Gaming Operator (POGO) and arrested 51 people this week after the company was found to be operating illegally. According to local media reports, 50 Chinese workers and one...
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Leisure & Resorts World Corp sees profit down 18.9% in 1Q20
Philippines gaming investor Leisure & Resorts World Corp (LRWC) reported an 18.9% decline in profit to Php742.3 million (US$15 million) for the three months to 31 March 2020, impacted by lower gross gaming revenues across all operating segments. Group-wide GGR...
Philippines to keep chasing POGOs despite reports of closures
The Philippine government says it won’t be easing up on its pursuit of outstanding taxes from Philippine Offshore Gaming Operators (POGOs) despite revelations this week that some had shut down and left the country. According to local media reports, two...
Manila quarantine measures extended to 15 July but Clark Freeport Zone restrictions eased
Manila’s Entertainment City casinos will have to wait a little longer to resume operations after Philippines President Rodrigo Duterte maintained General Community Quarantine (GCQ) measures for the National Capital Region for another two weeks, until 15 July. But there is...
Jumbo Technology supporting partners with donation of 10,000 face masks
Taiwanese gaming product developer Jumbo Technology says it has purchased and distributed 10,000 face masks to support its partners across Asia. Having already donated Php2 million (US$40,000) to the Philippine Orthopedic Center and PGH Medical Foundation in support of its...
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Bloomberry files appeal against Singapore High Court decision on US$296 million award to former Solaire partner GGAM
Subsidiaries of Bloomberry Resorts Corp filed on Monday an appeal to the Singapore Court of Appeal against a recent decision by the Singapore High Court dismissing a petition to set aside/resist enforcement of a US$296 million award to former Solaire...
PAGCOR says Philippines casinos suffered 13.6% decline in first quarter GGR
Casinos in the Philippines reported gross gaming revenue of Php45.40 billion (US$912.6 million) in the three months to 31 March 2020, a 13.6% decline on the same quarter in 2019 due to the impact of COVID-19 according to figures published...
Suncity responds to PAGCOR comments on Philippines “POGO exodus”
Late Sunday night the Manila Bulletin reported on a looming “exodus” of online gaming operators (POGOs) from the Philippines, quoting PAGCOR Chair and Chief Executive Andrea Domingo. When asked to confirm rumors that junket operator Suncity Group had ceased its...
