Tags: PAGCOR
Philippines – PAGCOR pitches 2026 as the year revenues will break 2019’s figures
PAGCOR, the Philippines gaming regulator, has stated that it will be another four years until its GGR is back up to pre-COVID 2019 levels. PAGCOR’s licensing and regulatory group chief, Daniel Cecilio gave the 2026 prediction to Reuters, saying: “Definitely there will be no more lockdowns but bringing back the confidence of players is hard.” In…
Filippinerna – Galaxy på beredskap när Filippinerna upphäver förbudet mot nya kasinoprojekt
I ett oväntat drag har PAGCOR, Filippinernas speltillsynsmyndighet, bekräftat att det häver moratoriet som infördes av president Rodrigo Duterte 2018 för att förbjuda nya kasinoprojekt, och att de kommer att börja titta på nya applikationer för kasinon, inklusive alla för semesterön Boracay . Med regeringen angelägen om att stärka ekonomin efter...
Filippinerna – Förvandlingen av New Coast Hotel Manila till ett kasino har försenats
International Entertainment Corp (IEC) har bekräftat att COVID försenar ett samarbetsavtal med den filippinska spelregulatorn PAGCOR som skulle innebära att ett befintligt hotell i Manila omvandlas till ett Integrated Resort-kasino efter utfärdandet av en provisorisk licens från PAGCOR. Företaget sa: "På grund av ökningen av den mycket smittsamma Delta-varianten ...
Filippinerna – PAGCOR lyckas återgå till vinst trots att intäkterna faller
PAGCOR, the Philippines gaming regulator, was just about in profit again in June despite a 19.9 per cent drop in revenues in its second quarter, compared to last year, with 14.2 per cent fall quarter by quarter to Php14.78m (US$294m). Profit came in at Php79.1m (US$1.6m), down US$3m from the first quarter but up from…
Philippines – Philippines casinos see quarterly revenue rise before latest closures
Philippine gaming regulator PAGCOR has said that the country’s licensed casinos saw revenues climb quarter to quarter by 17.5 per cent to Php23.2bn (US$400.8m) although first quarter results were still down 39.2 per cent compared to the same period last year. Casinos in Manila’s Entertainment City saw revenues increase to Php21.12bn (US$439m) in the first…
Philippines – PAGCOR suggests using double-width poker tables
Philippine gaming regulator PAGCOR has suggested to operators that they use double-width poker tables to be able to seat more players. PAGCOR sent a memo to casino executives saying they would be allowed to join two poker tables together to help resume operations. The memo stated: “Poker Operators shall be allowed to refurbish, widen and/or…
Philippines – PAGCOR licences its Live Shots online offering to four casinos
PAGCOR, the state-run Philippine operator and regulator, will launch an online casino called Live Shots tailored for Filipino VIP gamblers, which will be licensed to land-based casinos. So far PAGCOR has approved the Live Shots license to be used by Solaire Resort and Casino, Okada Manila, City of Dreams and a land-based casino in Subic….
Filippinerna – PAGCOR för att tillåta kasinon i Entertainment City att erbjuda onlinespel
Solaire, City of Dreams Manila och Okada Manila kommer att kunna erbjuda spel online för att hjälpa kasinon i Manilas Entertainment City att överleva nedgången i handeln på grund av coronavirus-pandemin. PAGCOR:s president Alfredo Lim informerade Bloomberg om att de hade godkänt ansökningar från de tre kasinon för att erbjuda "vadslagning via internet." Avdelningen…
Philippines – PAGCOR still in profit but revenues down 60 per cent in Q3
PAGCOR, the Philippines gaming regulator and casino operator, said it generated Php22.33bn (US$461.1m) during the first nine months of 2020, meaning COVID-19 wiped 60 per cent off the Php55.77bn (US$1.09bn) it generated from gaming last year. The company actually recorded a profit Php137.2m (US$2.8m) although that was a substantial reduction on the profit generated in…
