Tag Archives: PAGCOR
Philippines – International Entertainment Corp. gets provisional casino licence from PAGCOR
Hong-Kong listed International Entertainment Corporation has moved one step closer to its aim of transforming an existing hotel in Manila into an Integrated Resort casino following the issuance of a provisional license from PAGCOR. The existing development is believed to be the New Coast Hotel Manila, located in the heart of Malate business district. Dr….
Philippines – Manila casinos to reopen ‘at the very latest in July’
PAGCOR’s Chair and CEO Andrea Domingo hopes Manila’s casinos can reopen this month, or ‘at the very latest in July,’ following falling tax revenues and job losses in the casino sector. Land-based casinos have been closed for almost three months with Okada Manila announcing 1,000 layoffs last month due to the lack of revenue. Speaking…
Philippines – Senate Minority Leader calls for government to cash in on PAGCOR’s ‘low-hanging fruits’
Senate Minority Leader Franklin Drilon believes that the coronavirus pandemic adds more weight to the argument that Philippine casino regulator and operator should sell its 47 casinos. He believes that privatising the sector would generate Php300bn for the government which could be used to finance the fight against the pandemic. Talking to CNN Philippines, Mr….
Philippines – Closures costing PAGCOR between US$98m and US$118m a month
PAGCOR, the Philippines gaming regulator and casino operator said the coronavirus casino closures was costing it between Php5bn and Php6bn (US$98m to US$118m) per month in revenue. PAGCOR Chairman and CEO Andrea Domingo said: “We still do our best to reach out to communities which do not have access to basic needs. They deserve all…
Philippines – PAGCOR closes down Manila casinos as President brings in Metro quarantine
Gaming has been temporarily suspended in Manila with regulator PAGCOR confirming the action was effective immediately, following President Rodrigo Duterte’s decision to place Metro Manila under community quarantine due to concerns over the spread of COVID-19. PAGCOR said: “In line with the instruction of President Rodrigo R. Duterte to put Metro Manila under community quarantine…
Philippines – World Poker Fund buys two PAGCOR-run casinos from HatchAsia
World Poker Fund Holdings, a leading developer and operator of on-line technology, gaming platforms and brands, has signed a definitive agreement to buy two casinos in the Philippines. WPFH has bought from two casinos from HatchAsia, the Madison Casino in Mandaluyong and Penny Lane Casino in Davao. The casinos are presently being run by PAGCOR(Phillipino…
ICE – ICE to boost PAGCOR’s development ‘both procedurally and market wise’
Strengthening their strategic relationship with the ICE brand, the Philippine Amusement & Gaming Corporation (PAGCOR) has confirmed it will be bringing its largest ever delegation to this year’s ICE London following the association’s recent partnership with SiGMA and the inaugural ICE Asia, which takes place in Manila this June. PAGCOR’s CEO Andrea Domingo said: “The…
Philippines – PAGCOR closes Tagaytay casino following volcano warning
PAGCOR, the Philippines gaming regulator and casino operator, has closed Casino Filipino in Tagaytay temporarily following the recent eruption of the Taal Volcano, which has seen 8,000 people being evacuated. The authorities have warned that a ‘hazardous’ eruption could soon follow. PAGCOR said: “The Philippine institute of Volcanology and Seismology has raised Alert Level 4,…
Philippines – Philippines Senate wants to revisit the privatisation of PAGCOR
Philippines Senate Minority Leader Franklin Drilon wants the Department of Finance (DOF) and PAGCOR to revisit the option of selling the Casino Filipinos and some of its satellite casinos. He said: “If we privatise our gaming industry and bid out through a fixed fee the privilege of operating PAGCOR, the gaming industry, including STL, would…
