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Bloomberry Gets Loan for New Quezon IR

Bloomberry Resorts said two of its units have signed an accord for a ten-year, 40 billion piso (about US$767 million) loan to finance the construction of an integrated resort in Quezon City.

Okada Manila Posts Record Revenues in January

Tiger Resort Leisure and Entertainment, the operating company for Okada Manila, posted record GGR and adjusted EBITDA in January.

Domingo Wants Duterte to Relax Ban on New Casino Licenses

Andrea Domingo, head of the Philippines’ gaming regulator, said she hopes the president can relax his ban on new casino licenses, fearing the country would lose out on lucrative foreign investment, according to a report from Bloomberg.

Okada Manila Signs Agreement with Chinese Travel Agency

Universal Entertainment has announced that it will be working with Chinese state-owned travel agency to develop package tours to its Philippines-based resort, Okada Manila.

Philippine Gaming Revenue Seen at US$4.1 Billion in 2019

The Philippine Gaming and Amusement Corp. (PAGCOR) expects gross gambling revenue in the country to gain 8.5 percent to 217 billion pisos (about US$4.1 billion) in 2019, Reuters reports.

Kazuo Okada Asks Philippine Stock Exchange to Block Listing of Tiger Resort

Japanese billionaire Kazuo Okada has asked the Philippine Stock Exchange to block a planned backdoor listing of Tiger Resort Asia, which owns and operates the US$2.4 billion Okada Manila.

Tiger Resort Sees 13% Gaming Revenue Decline in December

Universal Entertainment has reported to the JASDAQ Securities Exchange a month-to-month 13% decline in gaming revenue from its unit Tiger Resort Leisure & Entertainment, the operating firm for Okada Manila.

Universal Claims Okada Arrest Will Have No Impact on Okada Manila

Universal Entertainment assured shareholders on Monday that the arrest warrant for Universal Entertainment founder Kazuo Okada will not affect its Philippines gaming operations.

Arrest Warrant Issued for Kazuo Okada

A court in Parañaque, the Philippines, has issued an arrest warrant for Universal Entertainment founder Kazuo Okada in connection with charges that he embezzled more than US$3 million from his own company.
Tiger Resort, Leisure & Entertainment

Universal’s Manila Unit Ordered to Refile Tender Offer

Tiger Resorts & Leisure has been ordered to re-submit its tender offer to minority shareholders in Asiabest Group to disclose factual information about civil and criminal proceedings involving its directors in Hong Kong.

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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.