Tag Archives: 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…
Filipinas – Galaxy em alerta enquanto Filipinas suspende proibição de novos projetos de cassino
Num movimento inesperado, a PAGCOR, o regulador de jogos das Filipinas, confirmou que está a levantar a moratória introduzida pelo presidente Rodrigo Duterte em 2018 para proibir novos projetos de casino, e que começará a analisar novas aplicações para casinos, incluindo qualquer para a ilha de férias Boracay. . Com o governo interessado em impulsionar a economia após o…
Filipinas – A transformação do New Coast Hotel Manila em cassino foi adiada
A International Entertainment Corp (IEC) confirmou que a COVID está atrasando um acordo de cooperação com o regulador de jogos das Filipinas, PAGCOR, que transformaria um hotel existente em Manila em um cassino Resort Integrado após a emissão de uma licença provisória da PAGCOR. A empresa disse: “Devido ao aumento da variante Delta altamente contagiosa…
Filipinas – PAGCOR consegue voltar ao lucro apesar da queda nas receitas
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….
Filipinas – PAGCOR permitirá que cassinos em Entertainment City ofereçam jogos de azar online
Solaire, City of Dreams Manila e Okada Manila poderão oferecer jogos de azar online para ajudar os cassinos na Entertainment City de Manila a sobreviver à desaceleração do comércio devido à pandemia do coronavírus. O presidente da PAGCOR, Alfredo Lim, informou à Bloomberg que aprovou inscrições dos três cassinos para oferecer 'apostas pela Internet'. O Departamento…
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…
