Sunday, April 2, 2023

Tag: Philippine Amusement And Gaming Corporation

Pagcor intervenes in SunCity casino takeover

ICR - Pagcor SunCity
The Philippine Amusement and Gaming Corporation has stepped into the fray between SunCity and Success Vine over the former's unlicenced activity at Sofitel Philippine Plaza.   Casino junket operator SunCity Group has drawn the ire of the Philippine Amusement and Gaming Corporation (Pagcor) after its unauthorised takeover of a small casino at the Sofitel Philippine Plaza. According to reports in local media,...

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...