Sunday, 16 March 2025
2 days ago
Tycoon Villar ditches foreign partner, takes solo gamble on $1-B casino dream
By: Miguel R. Camus
Tycoon Manuel Villar Jr. is going all-in on his proposed $1 billion casino ventures in southern Metro Manila, dropping plans for a foreign partner and pursuing the business alone despite challenges in the land-based casino industry.
6 Mar 2025
9:58AM
Solaire casino operator grows revenue but profit takes a hit amid expansion
Tycoon Enrique Razon Jr.’s Bloomberry Resorts Corp. (BLOOM) delivered revenue growth in 2024, supported by the first full year of operations at Solaire Resort North, despite profitability being impacted by expansion costs and a weaker VIP gaming market.
3 Feb 2025
7:33PM
Pagcor shutters 2 unprofitable casinos ahead of 2026 asset privatization
The Philippine Amusement and Gaming Corporation (Pagcor) is shutting down two unprofitable Casino Filipino branches as part of a broader effort to streamline operations.
30 Jan 2025
7:54PM
Gaming tycoon bets P150M on emerging e-casino in ‘explosive’ growth sector
By: Miguel R. Camus
Gaming tycoon Willy Ocier-led Pacific Online Systems Corp. is diversifying from lotto games into the red-hot online casino segment as it agreed to the purchase of a P150 million stake in the firm behind e-casino operator Buenas.
29 Nov 2024
4:12PM
Okada Manila operator faces 2024 loss as VIP casino earnings plunge 84%
By: Miguel R. Camus
Okada Manila’s operator has slashed its 2024 outlook and is now projecting a loss instead of a previously expected profit, as high-roller casino earnings plunge at its Manila Bay casino and Japan’s gaming sector faces challenges.
13 Nov 2024
9:25AM
Razon’s Bloomberry reports casino revenue growth despite Q3 setbacks
Tycoon Enrique Razon Jr.’s Bloomberry Resorts faced a tough first nine months of 2024, with net income falling 58 percent to P3.5 billion.
29 Oct 2024
6:05PM
Pagcor chair Tengco says on track to meet targets despite offshore gambling ban
State-run gaming regulator Philippine Amusement and Gaming Corp. (Pagcor) reported strong financial results, with revenues rising 42 percent to P79.43 billion in the first nine months, compared to P55.95 billion last year.
21 Oct 2024
3:26PM
Kevin Tan's AGI commits $300M for Boracay casino project
Tycoon Kevin Tan’s Alliance Global Group Inc. confirmed plans to build a boutique-style casino resort in Boracay Island, disclosing on Monday that the project will require investments of at least $300 million.
5 Sep 2024
5:50PM
INSIDER INFO: High-stakes drama as casino rivalry brews in Lapu-Lapu City
By: Miguel R. Camus
Exclusivity promises in question as a city in Cebu approves new P17-billion casino in Mactan.
Advertisement
