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Tag Archives: The Philippines

Philippines – Asia Pioneer Entertainment to install slots at JPark Island Resort in Cebu

Asia Pioneer Entertainment has entered into an Operating Lease Agreement with Glimex to lease electronic gaming equipment to Glimex, for use at Palace Casino located at JPark Island Resort in Cebu the Philippines, for a term of 24 months. APE will place up to 86 units of Electronic Gaming Equipment into JPark Palace Casino on…

Philippines – NMi announces accreditation by PAGCOR

NMi has been accredited by The Philippine Amusement and Gaming Corporation (PAGCOR), to perform online and land-based games testing. The Gaming Licensing and Development Department of PAGCOR sets regulations and guidelines for gaming operations. Reliably supporting the Philippine government in preserving the integrity of the Philippine gaming industry, this accreditation by PAGCOR follows the recent…

The Philippines – SM Investments plays down reports of a casino on Cebu

Philippine banker SM Investments Corp. has played down reports that it is to develop a casino project in the Queen City of the South in Cebu, an island province in the Philippines. SMIC chief finance officer Jose Sio said that whilst a casino development was being “dreamed of” in Cebu, his company had ‘no specific…

The Philippines – Universal cleared of making illegal payments

Universal Entertainment Corp has been cleared of making any alleged illegal payments to Philippines regulator PAGCOR to smooth the development of its US$2bn Manila Bay Resorts. Universal, led by Kazuo Okada, blamed news service Reuters for the investigation for what it termed ‘partial and inaccurate reports’ and said it would be taking legal action although…

The Philippines – Melco confirms opening for City of Dreams Manila

Melco Crown Entertainment has confirmed the soft opening of City of Dreams Manila has taken place whilst the grand opening ceremony will take place before the Lunar New Year. Opening at a cost of US$1.3bn, the casino has 365 gaming tables, 1,680 slot machines, 1,680 electronic table games and around 946 hotel rooms in three…

Philippines – Solaire to double capacity following surge in GGR

Bloomberry Resorts, owner of the Solaire Resorts and Casino, has confirmed it will double in size by the end of 2014. Bloomberry President Thomas Arasi revealed that the operation will double its hotel room capacity and the size of its gaming facilities with a US$500m expansion. Net income in the second quarter increased by more…

The Philippines – Philippines’ court stops Universal from axing Century deal

A Makati Regional Trial Court in the Philippines has approved a court order stopping Kazuo Okada’s Universal Entertainment from making a u-turn on a real estate deal with Century Properties Group. Tokyo-based Universal Entertainment severed a deal with Century Properties which would have seen the Philippine-based company funded part of the US$2bn Manila Bay Resorts…

The Philippines – Local partner essential before Manila Bay Resorts opens

The Philippine Amusement and Gaming Corp (PAGCOR) has confirmed that Tiger Resorts Leisure and Entertainment, owned by Kazuo Okada, will not be able to open Manila Bay Resorts until it has secured a local partner to work with. PAGCOR Chairman Cristino Naguiat Jr said: “Even if they finish it they still cannot open it if…

The Philippines – Bloomberry takes extra tax row to the Supreme Court

Bloomberry Resorts, the operator behind Solaire in Manila’s Entertainment City, has turned to the Supreme Court in the Philippines to call into question the validity of demands by the Bureau of Internal Revenue (BIR) for income tax of 30 per cent on profits imposed on Pagcor and its licensees. Bloomberry is arguing that the new…