Tag Archives Philippines

NayonLanding proposal remains alive in the Philippines

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In the Philippines and hopes have reportedly been raised that Landing International Development Limited may still be granted official permission to build its $1.5 billion NayonLanding integrated casino resort on the outskirts of Manila. According to a Wednesday report from Inside Asian Gaming, the Hong Kong-listed firm is already responsible for the giant Jeju Shinhwa ...

Philippines revisiting plans to privatize state-owned casino estate

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In the Philippines and the government of President Rodrigo Duterte is reportedly revisiting plans that would compel the state-owned Philippines Amusement and Gaming Corporation (PAGCor) to sell off its 47-strong estate of casinos. According to a report from Inside Asian Gaming, the country’s National Economic and Development Authority is studying a proposal that would ...

Tax avoidance allegations lead to shuttering of Philippines iGaming operator

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The government of the Philippines has reportedly shut down one of the nation’s largest offshore-facing online gambling operators over allegations that the firm has been failing to pay the appropriate amount of value-added tax (VAT). According to a report from GGRAsia citing an earlier story from the state-run Philippine News Agency, the shuttering of ...

Philippines President rejects Chinese request to ban all online gambling

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In the Philippines, President Rodrigo Duterte (pictured) has reportedly rejected a request from authorities in China to ban all online gambling over concerns that doing so may harm his nation’s fragile economy. According to a Wednesday report from the Reuters news service, the 74-year-old’s decision followed his meeting in Beijing last week with Chinese ...

Philippines regulator issues pair of new iGaming licenses

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The state-run Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly issued licenses to a pair of online gaming operators less than a week after implementing a temporary freeze on the processing of new certifications. According to a report, the move was announced by a senior official with the regulator’s licensing department, Victor Padilla, ...

China calls on the Philippines to ‘ban all online gambling’

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Ahead of a planned meeting between the leaders of the two nations later this month and China has reportedly urged the Philippines to ‘ban all online gambling’ including those licensed operations that are being marketed towards Chinese players. According to a report, the appeal was made by Chinese foreign ministry spokesperson Geng Shuang during ...

Philippines gambling regulator stops accepting iGaming license applications

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The head of the nation’s gambling regulator in the Philippines has reportedly announced that the authority has stopped accepting license applications that give domestic iGaming firms the ability to offer their services to offshore markets. According to a report from GGRAsia, Andrea Domingo serves as the Chief Executive Officer for the state-run Philippine Amusement ...

LRWC secures more cash for planned Philippines expansion

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In the Philippines and local gaming operator, Leisure and Resorts World Corporation (LRWC), has reportedly announced that it has raised over $86.23 million that it now intends to utilize in order to significantly expand its business. Share placement: According to a report from The Philippine Star newspaper, the Manila-listed firm revealed that it harvested ...

Presidential moratorium on new Philippines casinos may be coming to an end

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It looks as if Philippine President, Rodrigo Duterte’s 17-month-old moratorium on the building of any new casinos outside of Manila, may soon be coming to an abrupt end. According to a Thursday report from the local BusinessWorld newspaper, the controversial politician has long been seen an enemy of casinos and online gaming and issued ...

Frontier Capital’s newly re-branded Philippines casino to launch on Sunday

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After a June soft launch, New South Wales-headquartered casino investor, Frontier Capital Group Ltd (ASX:FCG), reportedly said that on Sunday, July 28, 2019, it will resume gaming operations at its recently rebranded casino resort located inside the Hotel Stotsenberg at the Clark Freeport Zone, in the Philippines. Operations at the former Casablanca Casino had ...