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Casino
June 21, 2022
PAGCOR Reveals MPEC in Bulacan, More to Come
The Philippine Amusement and Gaming Corporation (PAGCOR) has inaugurated a new evacuation facility funded with gambling tax revenue in Bulacan. The ceremony for the new facility was held on Monday and it reflects the regulator’s efforts to continue creating societal benefits especially when the Philippines finds itself battered by nature’s elements with thousands of people […]
Casino
June 6, 2022
PAGCOR Denies Harsh Accusations of Bias in the Okada Manila Incident
The Philippine Amusement and Gaming Corp (PAGCOR), which is responsible for regulating the casino industry in the Philippines, has denied harsh accusations from the Universal Entertainment Corp (UEC), a parent company of Leisure and Entertainment Inc (TRLEI), that its position in the dispute regarding the control of the Okada Manila gaming resort is biased in […]
Business
June 6, 2022
Universal Entertainment Accuses Philippines Regulator of Corruption and Abuse of Power
The dispute revolving around the hostile takeover of Okada Manila continues to build up momentum as the Philippine gaming authorities side with Kazuo Okada. Universal Entertainment Corp (UEC) issued a statement condemning PAGCOR for corruption and unjustly favoring one side of the dispute. UEC is the parent company of Okada Manila’s owner, Tiger Resort, Leisure […]
Sports
June 3, 2022
Philippine Authorities Make Final Appeal to Meta to Comply
The Department of the Interior and Local Government (DILG) of the Philippines issued a statement Wednesday to warn Meta that its operations in the country should be compliant with all Philippine laws, rules and regulations at all times. Ignoring the Request of Philippine Authorities Speaking on behalf of DILG, the department’s Undersecretary Jonathan Malaya reminded […]
Casino
June 2, 2022
PAGCOR Interested in Okada Manila Operation Continuation Only
The Philippine Amusement and Gaming Corporation (PAGCOR) performed a U-turn on its official position with regard to the takeover of Okada Manila by a group close to Kazuo Okada just a day after it was adamant to launch an investigation into the matter. ‘Corporate Squabble between Contending Shareholders’ Following the news of the takeover of […]
Casino
June 1, 2022
PAGCOR to Investigate Alleged Hostile Takeover of Okada Manila
A recent incident at casino resort Okada Manila involving an on-site confrontation and accusations of violence led to an investigation by the Philippine gaming authorities. The event happened after a group linked to the casino’s former chairman, Kazuo Okada, reportedly forced their way into the resort. A Revenge Story in the Making The chain of […]
Casino
May 31, 2022
PAGCOR Opens First Dedicated Village Project to Offer Safe Housing
PAGCOR or the Philippine Amusement and Gaming Corporation has made good on its promise to deliver on various good causes and social campaigns. The gaming watchdog has just launched the PAGCOR Village in Lemery, Batangas, which is the first of more similar projects to follow. The main purpose of the Village is to provide safe […]
Sports
May 24, 2022
Philippines Doubles Down Efforts to Eliminate Illegal E-Sabong
Just a few weeks after the Philippines ordered a shutdown of all e-sabong venues across the country, crackdowns are already on the way. The Philippines had a thriving black market cock fighting scene even before things were legalized, and crime continued to permeate the “sport” as e-sabong was briefly made legal over the course of […]
Casino
May 12, 2022
PAGCOR Releases Q1 Results, Gambling in the Philippines Shows Recovery
The first quarter of 2022 has been fruitful for the Philippines as gross gaming revenue has grown by 29.6% compared to the same period last year. Results showed that the country’s land-based gambling operations generated a total of PHP30.02 billion ($572.49 million). The Lift on COVID-19 Restrictions Helped the Philippine Gambling Industry a Lot COVID-19 […]
Industry
May 2, 2022
PAGCOR Q1 2022 Gaming Operations Income Down 66%
Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
