Friday, June 2, 2023

Tag: Andrea Domingo

Machines manufacturer FBM donates $393,000 to Philippine public hospitals

Slot manufacturer FBM Philippines donation
Slot machine manufacturer FBM has has donated PHP20m ($393,000) to four public health institutions in the Philippines via the national gaming regulator Pagcor.

Casinos in Metro Manila closed until mid-April

Philippines Metro Manila Covid-19 shutdown
The Philippine authorities have placed Metro Manila under quarantine until April 14, while all gaming operations in the capital region have been suspended.

Pagcor privatisation back on the cards?

Pagcor privatisation
Finance secretary Carlos G. Dominguez III proposed the privatisation of Pagcor’s gaming operations could raise up to $5.7bn, however Alfredo Lim, the..

Udenna Corporation raises funds to finance Cebu casino project

ICR - Udenna Cebu casino project ipo
Udenna Corporation has sold part of its controlling stake in Phoenix Petroleum Philippines to raise funds for its Lapu-Lapu Leisure Mactan project, as the Duterte administration aims to put Cebu on the Asian gaming map.   Philippines-based trading and shipping firm Udenna Corporation has reportedly raised approximately $80.4m to help fund its plan to build a new integrated casino resort on...

Philippines regulator receives 76 applications for new offshore licences

Casino Review PAGCOR licences
The chief executive of Philippines regulator PAGCOR has announced that the agency hopes to grant 25 licences before the end of October after having received 76 applications since the tender began in mid-September.   The Philippine Amusement and Gaming Corp (PAGCOR) rolled out the new licences in an effort to encourage more casino and betting operators to set up online services...

Philippines’ regulator confirms casino sale plans

Casino Review PAGCOR
PAGCOR looks set to sell off its under-performing casinos amid suggestions that the regulator is planning to raise the licence fees for private sector operators to cover the public revenue loss.   Gaming regulator and operator, the Philippine Amusement and Gaming Corp (PAGCOR), has confirmed that it is planning to sell its casinos, as part of a plan to raise funds...

“Gamble until you die” – Duterte U-turn on online gambling crackdown

Casino Review Philippines Rodrigo Duterte
The Philippine’s president has announced that he is willing to allow a resumption of online gambling within certain conditions.   Philippines president, Rodrigo Duterte, appears to have softened his stance against the gambling industry and  has stated that he is prepared to allow online gambling after all. Immediately after taking office Duterte added online gambling to his hit list of vices and...