As the Philippine gaming industry transitions to digitalization, the three major integrated resort operators—Solaire Resort, Newport World Resorts, and Okada Manila—jointly issued a statement reaffirming their full compliance with the regulatory framework of the Philippine Amusement and Gaming Corpo
I. Industry OverviewThe Philippine gaming industry is one of the most mature legal markets in Southeast Asia, with an expected industry size of $6 billion in 2024, of which local enterprises hold a 35% share. Under the regulation of the Philippine Amusement and Gaming Corporation (PAGCOR), local op
The proposal aims to increase the annual total to USD 500,000. Additionally, the racetrack was urged to pay its debt and it is proposed to establish severe fines should this occur again.Puerto Rico.- Representative José Aponte Hernández announced that he will introduce a bill in the next legislativ
Brokerage Maybank Securities Inc has reduced by 16.9 percent its estimate for 2025 consolidated net revenue at Philippine casino group Bloomberry Resorts Corp, saying the firm is likely to be in a “challenged” business environment this year, “particularly” for its flagship Solaire Resort & Casin
Solaire Resort & Casino at Entertainment City in Manila says it is recruiting for its “online gaming team”, according to a Friday post on social media platform LinkedIn.The positions offered include “director of online gaming – product”, “director, online gaming – retention marketing”, “head of
Philippines-listed Bloomberry Resorts Corp has announced that Thomas Arasi (pictured) stepped down on Tuesday as president, chief operating officer (COO), and a member of the company’s board.Mr Arasi, 63, is also retiring from his positions in the group’s unit Bloomberry Resorts and Hotels Inc and “
Philippines-listed Bloomberry Resorts Corp has announced South Korean rapper Psy (pictured, left) as the brand ambassador for the group’s two casino resorts in the country.The company runs Solaire Resort & Casino in the Philippine capital Manila, and in May opened Solaire Resort North, agaming c
Large-scale integrated resorts (IRs) in Entertainment City, in Metro Manila, recorded gross gaming revenue (GGR) of just above PHP41.92 billion (US$714.3 million) in the three months to September 30, according to data from the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pag
Philippines-listed Bloomberry Resorts Corp reported a consolidated net loss of under PHP470.2 million (US$8.0 million) for the three months to September 30, compared with a PHP1.95-billion profit a year earlier. It compared with a profit of PHP1.34 billion in the second quarter this year.The informa
Maybank Securities Inc has cut its net revenue forecasts for Philippines-listed Bloomberry Resorts Corp (BLOOM) for full-year 2024 and full-year 2025. It cited softness in gross gaming revenue (GGR) and in recent times “fewer fly-in Chinese VIP players” at the casino operator’s flagship property, So
Philippines-listed casino operator Bloomberry Resorts Corp announced in a Monday filing a change in the shareholdings of the company’s president and chief operating officer, Thomas Arasi (pictured), as a result of vested shares under Bloomberry’s stock incentive plan.Mr Arasi got nearly 9.3 million
Philippines-based casino operator Bloomberry Resorts Corp announced on Tuesday a PHP72.0-billion (US$1.25 billion) syndicated refinancing facility with a group of banks.In a statement to the Philippine Stock Exchange, Bloomberry said the agreement was signed by its subsidiaries Bloomberry Resorts an
Philippines-based casino operator Bloomberry Resorts Corp has confirmed that it is in the final stages of acquiring a plot of land for a new casino resort project in Paniman, a coastal community in Cavite, about 66 kilometres (41 miles) southwest of Metro Manila.“Bloomberry is in the process of comp
Philippines-listed casino operator Bloomberry Resorts Corp says the board of directors of its subsidiary Bloomberry Resorts & Hotels Inc spent just under PHP14.9 million (US$263,631) in Monday market transactions, as part of an initiative to give stock in its parent company to “loyal patrons”.Bl
Philippines-listed Bloomberry Resorts Corp reported consolidated net income of just under PHP1.34 billion (US$23.7 million) for the three months to June 30, down 49.1 percent sequentially on the first quarter’s PHP2.63 billion, and down 61.1 percent year-on-year.The information was in a Wednesday fi
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