Tag Archives: The Philippines
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…
Philippines – Solaire’s Phase 2 to add 300 tables and 1,300 slots
Bloomberry Resorts will spend almost P51bn to complete the second phase of Solaire Resorts & Casino by November with the aim of making it one of the biggest casinos in the world. The next phase of the casino in Manila’s Entertainment City in the Philippines will see the addition of 300 gaming tables and 1,300…
The Philippines – Pagcor agrees to cut Entertainment City licence fees
State-owned operator and regulator Philippine Amusement and Gaming Corporation (Pagcor) has agreed to reduce license fees for the four casino operators in Entertainment City as it looks to counter tax concerns. Pagcor and the four casino licensees said they signed an agreement reducing license fees, as a percentage of gross gaming revenues, by 10 per…
The Philippines – Bloomberry turns Solaire around in first quarter
Bloomberry resorts has posted total gross revenues of P7.381bn, over 11 times the P661m generated in the same period last year, generating a profit of P1.461bn from a loss of P1.056bn in the same period last year. Gaming continued to generate the bulk of the company’s total gross revenues, accounting for 95.7 per cent of…
The Philippines – Dolphin secures $700,000 Solaire chip order
Entertainment Gaming Asia’s Dolphin subsidiary has secured a major reorder to supply its gaming chips and plaques to Bloomberry Resorts’ Solaire Resort and Casino in the Philippines. Dolphin was the supplier of gaming chips for Solaire’s Phase 1, which opened in March 2013, and has now been selected to supply both gaming chips and plaques…
The Philippines – Universal fights back over DOJ charge claims
Despite a Department of Justice (DOJ) and National Bureau of Investigation recommendation that criminal charges be filed against it, Universal Entertainment, owned by Japanese billionaire Kazuo Okado, has said it will still pursue its US$2bn investment in Philippine Amusement Gaming Corp.’s (Pagcor) Entertainment City. The statement came after a fact-finding panel of the DOJ suggested…
