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    LRWC gaming businesses drag down 17Q1 net income

    Philippine-listed holding company Leisure and Resorts World Corporation (LRWC) saw a decline in net income in the first three months of 2017, due mainly to decreases in income of its various gaming businesses. Net income after tax was P272.1 billion (US$5.4 billion) in 17Q1, down 5.6 percent from P288.7 billion in the prior corresponding period. […]

    US$30 million of stolen funds was delivered to Chinese junket operator; Reuters

    More than US$30 million of the money stolen by hackers from the Bangladesh central bank at the New York Fed was delivered in cash to a Chinese junket operator in Manila, reports Reuters. Senator Teofisto Guingona, head of the Senate’s anti-corruption committee, told Reuters ahead of the hearing that cash deliveries were made to a […]