Search Results for: philippines law
PAGCOR to go after 33 POGOs
August 19, 2023
The government regulatory agency will go after the 33 POGOs for unpaid dues; five of the sought-after POGOs already closed; some o...
Privatization of PAGCOR to start in 2025; 50B to 60B pesos in revenue predicted
August 15, 2023
The Philippines’s gaming regulatory agency is set to privatize more 45 casinos; PAGCOR to modernize systems before privatization...
Philippine senator takes contrary stance on POGOs – total ban means higher taxes
August 7, 2023
Senator says ‘bigger picture’ needs to be looked at; gains through government agency PAGCOR highlighted; ‘ some are bad, but...
Hong Kong-based Melco Resorts and Entertainment reduces loss by 90% 2Q23 vs same time last year
August 2, 2023
Although still in the negative this quarter, Melco Resorts and Entertainment, managed to reduce its loss from 251.49 million USD t...
US-based 26 Capital alleges Okada’s Universal influenced prominent Filipino politician to wrest back control of Okada in Manila
August 1, 2023
In the latest of the ongoing dispute between Okada’s Universal Entertainment Corp and US-based SPAC 26 Capital, the latter has a...
Philippine President Marcos highlights role of PAGCOR during State of the National Address
July 26, 2023
The head of the Philippine government congratulated the state’s gaming regulatory agency, PAGCOR, for its double-digit revenue i...
PAGCOR’s Tengco: Casino Filipino to be modernized before privatized
July 17, 2023
Philippine Amusement and Gaming Corporation (PAGCOR), the country’s principal gaming regulatory agency, has said that Casino Fil...
Philippine court orders arrest of Okada’s Kazuo, others
July 12, 2023
Kazuo Okada and 12 others were ordered arrested by Metro Manila court for qualified theft in a statement by Okada Manila to Inside...
Okada-affiliated subsidiary group terminate planned merger with US-based 26 Capital
July 4, 2023
Okada’s Universal terminates planned merger with US-based 26 Capital. Universal alleges breaches and fraudulent acts by the othe...
PH Finance Sec in favor of POGO shutdown
June 30, 2023
Philippine Finance Secretary Benjamin Diokno announced Thursday that the country should do away with Philippine Offshore Gaming Op...