Philippines

PAGCOR has reported January-September revenues from gaming operations at PHP22.3 billion (US$460 million), down 60 percent year-on-year.

The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.

The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos accept bets online as operators and the government seek ways to mitigate losses due to Covid-19.

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.

With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.

Angel Sueiro, chief operating officer of PH Resorts, talks with Asia Gaming Brief managing editor Sharon Singleton about the concept for the company’s next property in the highly competitive Clark Freeport Zone and opportunities post-Covid 19 in the Philippines. The mass market is paying the bills, but international visitors are needed to put the cream on top.

With much of the noise this week coming from the shenanigans downunder at the Crown Resorts inquiry, it would have been easy to miss more signs of trouble for Philippines Offshore Gaming Operators (POGOs.)

Belle Corp., which owns half of City of Dreams Manila, said its income in the January-to-September period plunged by 96 percent to P93 million from last year’s P2.56 billion, as the pandemic shuttered its facilities and halted tourist arrivals.

Great Empire Gaming and Amusement Corp., one of the POGOs that had been based at Subic Bay, has shuttered its business under the Covid impact, putting a thousand Chinese out of work.

PH Resorts has asked for a voluntary trading suspension of its shares at the Philippine Stock Exchange (PSE) during its follow-on offering. Shares of PH Resorts will be suspended from today through November 5.