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Business
March 4, 2024
Solaire Resort’s FY23 GGR Hits 97% of Pre-Pandemic Levels
Bloomberry Resorts Corporation, which owns and operates Solaire Resort Entertainment City, has reported consolidated net revenue of Php11.9 billion ($212 million) in Q42023 for the Manila-based integrated destination resort that spreads across an 8.3-hectare site. The figure, which marks a 3% year-on-year rise compared to 2022’s fourth quarter, was partially generated with the help of […]
Legal
February 19, 2024
PAGCOR Shuts Down Illegal Gambling Operation, Arrests 12 People
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that a dozen people have been arrested for involvement in illegal online gaming operations. According to the Philippine regulator, the operation was carried out on February 16 in Parañaque City. A total of 12 people were arrested in the operation which was carried out by the National […]
Industry
January 5, 2024
The Philippines Hopes to Exit the FATF Grey List by the End of the Year
The Philippines is bullish on exiting the FATF grey list this year. To that end, the country’s president, Ferdinand R. Marcos Jr has asked all government agencies to fix the regulatory shortcomings identified by the Financial Action Task Force. According to reports, Marcos’ directive was communicated to agencies during a recent meeting. During that meeting, […]
Business
November 27, 2023
Coinbursts Prepares to Hit Asian Markets
Coinbursts, a startup iGaming operator, is preparing to hit the Asian and Philippine market by the end of the month. Owned by ievolution, a European online gambling company, the new site seeks to capitalize on the gaming opportunities in Asia. Where the Wins Keep Bursting Operating under the slogan “Where the Wins Keep Bursting,” Coinbursts […]
Industry
November 21, 2023
Philippines Crack Down on AEPs in the Wake of POGO Trafficking Incident
The Philippine authorities continue the crackdown on Philippine Online Gaming Operator-related crime. Previously, authorities busted an illegal POGO operation that was involved in human trafficking and found that a number of local police workers may have been involved. In the wake of the raid, the Philippine Department of Labor and Employment (DOLE) will undergo a […]
Industry
October 31, 2023
Philippine Senate Reiterates Need for Offshore Operators Ban
As a result of a recent raid on a Pasay City building located along Williams Street conducted by a task force under the leadership of the Presidential Anti-Organised Crime Commission (PAOCC) together with the Department of Justice, law enforcement officers in the Philippines have set free 731 workers. Most of them were Chinese, along with […]
Industry
October 25, 2023
Philippine Government Issues Memorandum Circular in Hopes of Exiting the FATF Grey List
Bullish on exiting the Financial Action Task Force (FATF) grey list, the Philippine government ordered 44 government agencies to update their policies. As a result, a number of authorities, including the PAGCOR, will be required to review their anti-money laundering (AML) and counter-terrorism financing (CTF) protocols. Under a Memorandum Circular No. 37, issued by the […]
Industry
October 11, 2023
China to Help the Philippines Crack Down on Illegal Offshore Gambling
China has confirmed its readiness to help the Philippines solve its illegal offshore gambling problem. This was announced by the former country’s embassy in Manila earlier today. For reference, the Philippines continues to be targeted by illegal gambling operations operated by Chinese nationals, among others. Having cemented itself as a leading destination for gambling tourism, […]
Industry
September 29, 2023
FBM Celebrates the Fall Season with Two Promotions
The global gaming brand FBM revealed its plans to celebrate fall 2023 with two exciting promotions. As announced by the company, its Filipino audiences will be able to enjoy the Scratch n’ Boom and Octoberific Prize Fest promotions. The former promotion will continue to provide the company’s players with more chances to win prizes on […]
Casino
September 19, 2023
PAGCOR Shifts Focus to Pure Regulation for Equitable Growth
PAGCOR, the Philippine Amusement and Gaming Corporation, is undergoing a significant transformation, with plans to shift its focus entirely to regulatory functions by 2025. PAGCOR Commits to Employee Security Amid Regulatory Transition At a recent event where Alejandro H. Tengco was a keynote speaker, he elaborated that the motivation behind the decision to transition to […]