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Okada Manila VIP Revenue Falls 37.7% in May

Philippines IR Okada Manila saw gross gaming revenue fall 6.7% year-on-year in May, due mainly to a sharp fall in VIP table game revenue.

Melco Philippines Delists from Stock Exchange

Melco Resorts and Entertainment Philippines is set to automatically delist from the Philippine Stock exchange today after falling below the minimum threshold of public ownership for more than six months.

Kazuo Okada Fires Back Against Tiger Resort Officials

Embattled gaming mogul Kazuo Okada has fired back against officials of Tiger Resort Leisure and Entertainment Inc., accusing them of conspiring to remove him from his own company, local media reports.

Kazuo Okada Maintains Innocence as Philippine Court Reaffirms Arrest Warrant

Kazuo Okada has vowed to make use of all legal options to fight an arrest warrant laid against himself and the former president of Okada Manila, Takahiro Usui, in relation to fraud allegations, local media reports.

Okada Manila April Gaming Revenue Gains 26%

Tiger Resort, Leisure & Entertainment, the company that operates Okada Manila, said the integrated resort generated a 26% gain in gross gaming revenue in April.

Bloomberry Net Profit Shrinks 40% in January-March 2019 Period

Bloomberry Resorts, the operator of the Solaire Resort & Casino in Manila, saw its consolidated net income plunge by 40% in the first quarter of 2018 due to lower foreign exchange gains, higher interest expenses, and weaker gaming revenues.

Okada Manila Reports US$56 Million Operating Loss in 2018

Universal Entertainment’s flagship integrated resort business, Okada Manila, reported a narrowed operating loss of 6.2 billion yen (about US$56 million) in 2018, helped by higher net sales, and “extremely high” occupancy rate during the year.

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.

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Sands Employees Get Advanced Problem Gambling Training

Nearly 100 Sands China team members attended the company’s annual advanced responsible gaming training program, which is the only one in Macau offered in coordination with the University of Nevada, Las Vegas.

Board of Audit: Gamblers Routinely Evade Taxes

A survey by the Board of Audit found that about 80% of big winners in horse racing and bicycle racing fail to report their gambling earnings to the tax authorities.

Duterte Wants Crackdown on Online Gambling

Philippines President Rodrigo Duterte said that he wants to suppress online gambling, which has become a magnet for kidnapping and extortion.

Philip G. Satre Becomes New Chairman of Wynn Resorts

Wynn Resorts says its board voted to appoint Philip G. Satre as chairman, taking over from D. Boone Wayson, who is retiring.

Political Risks Cloud Hokkaido IR Prospects

Despite the enthusiasm of the Tomakomai municipal government, dark political clouds seem to be gathering over the prospects for an IR bid from Hokkaido.