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Okada Manila Posts 68% Increase in Gaming Revenue in March

Tiger Resort Leisure & Entertainment, the operating firm for Okada Manila, reported a 68% increase in gross gaming revenue (GGR) for the month of March 2019, mainly due to a recovery in domestic and international players following Chinese New Year.

Bloomberry Plans to Build Cruise Ship Port

Bloomberry Resorts plans to start construction of a US$308 million cruise port in Parañaque City in the third quarter of the year, local media reported Chairman and CEO Enrique Razon as saying on the sidelines of the group’s annual shareholder meeting.

ASEAN Gaming Summit Judged a Success

The third ASEAN Gaming Summit, organized by Asia Gaming Brief, was held in Manila on March 19-21, and was judged the most successful of the series to date, with more than 420 attendees.

Leadership Change at Okada Manila

Takashi Oya has replaced Kenji Sugiyama as both president of Asiabest Group International, the corporate entity used by Universal Entertainment to create a backdoor listing to the Philippine Stock Exchange, as well as the Okada Manila IR.

Senator Calls for Inquiry into POGO Workers

Philippines Senator Leila M. de Lima has filed a resolution seeking an inquiry into illegal workers at foreign gaming firms, particularly in the Philippine Offshore Gaming Operations (POGO) establishments.

PAGCOR Continues War of Words with Quezon Mayor

The Philippine Amusement and Gaming Corporation (PAGCOR) has again hit out at Quezon City’s acting mayor over her stance towards a planned integrated resort in the area, saying she should have played a more active role during the planning process.

Rizal Bank Sues Bangladesh Central Bank Over Cyber Heist

Rizal Commercial Banking Corp (RCBC) is fighting back against a civil suit filed by the Bangladesh central bank seeking damages for a 2016 cyber heist, issuing its own legal action for defamation.

Bloomberry Posts Record 2018 Results

Bloomberry Resorts, operator of the Solaire Casino & Resort, posted record EBITDA and net profit for 2018, driven by record gross gambling revenues across all segments.

Bloomberry Caught Up in Bangladesh Bank Heist Legal Case

Bloomberry Resorts said its gaming unit has been cited in a US civil case attempting to recover funds stolen from Bangladesh’s central bank.

Philippines Casino Gaming Revenue Up 22.9% in 2018

Philippines casinos posted 187.5 billion pisos (about US$3.6 billion) in casino GGR in 2018, increasing 22.9 percent year-on-year, according to the latest data from the Philippines gaming regulator.

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Elaine Wynn Attempts to Stop Re-Election of Legacy Directors

In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.

Kangwon Land Profit Falls 30 Percent in 2018Q1

Kangwon Land, South Korea’s only casino that allows Korean nationals to enter, reported a 30.3 percent decrease in profit for the first quarter of 2018.

Dynam Sees Rising Profits in FY2017

Pachinko hall operator Dynam reported a 13.3 percent increase in its profits before tax as compared to the previous year.

Maruhan Suffers 7.6% Revenue Decline in FY2017

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6% decline in overall revenues in FY2017, extending a decline that has continued for several years.

IR Bill Expected to Pass House of Representatives on June 14

According to Japanese media reports, the ruling party intends to pass the IR Implementation Bill thorough the Cabinet Committee on June 13 and through a plenary session of the House of Representatives on the following day, June 14.