State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
The Philippine gaming industry’s gross gaming revenue climbed to nearly ₱400 billion last year, as surge in digital betting platforms more than offset the contraction in traditional brick-and-mortar casinos. State-run Philippine Amusement and Gaming Corp. (Pagcor) reported on Thursday, April...
Gaming technology provider PhilWeb Corp. secured official accreditation from the Philippine Amusement and Gaming Corp. (Pagcor) to act as a service provider and affiliate, clearing the way for the company to deepen its footprint in the country’s regulated gambling sector In a disclosure to the...
SAN JACINTO, Pangasinan – Eleven individuals were injured after an amusement park ride at the town plaza here collapsed on Wednesday night, Dec. 24. The Police Regional Office-1 said injured were a 37-year-old mechanic, a 19-year-old female, two female minors, and seven male minors. Investigation...
PH Resorts Group Holdings Inc., the gaming arm of embattled businessman Dennis Uy, is exploring a total pivot of its business model after losing its casino license and warning investors of a cash crunch that threatens its survival. The company confirmed in a regulatory filing on Monday, Dec. 22,...
PH Resorts Group Holdings Inc., the gaming firm led by Davao-based tycoon Dennis Uy, terminated partnership talks with EEI Corp. after the government’s gaming regulator revoked the license for its stalled casino project in Cebu. In a disclosure to the Philippine Stock Exchange on Thursday, Dec....
The Philippine gaming sector’s high-speed growth was decelerated sharply in the third quarter, with industry-wide gaming revenue (GGR) plateauing at ₱94.51 billion, a nominal decline from ₱94.61 billion a year earlier. In a statement on Tuesday, Nov. 11, Alejandro H. Tengco, Pagcor chairman...
Online gaming firm DigiPlus Interactive Corp. saw its third-quarter profit plunge after new government regulations forced e-wallet providers to cut off in-app access to licensed gaming platforms.
In a disclosure to the Philippine Stock Exchange, DigiPlus reported a 59 percent drop in net income...
State-run Philippine Amusement and Gaming Corp. (Pagcor) reported a 49 percent increase in net income for the first nine months of the year to ₱14.32 billion from ₱9.63 billion in the same period last year. In a statement on Monday, Nov. 3, Pagcor Chairman and Chief Executive Officer Alejandro...
State-run Philippine Amusement and Gaming Corp.’s (Pagcor) plan to separate its dual roles as a gaming watchdog and player has become clearer and is now taking shape following its chief’s reiteration of the move. “Pagcor’s dual role has served its purpose in the past, but as the industry...
Senator Erwin Tulfo has urged the Philippine Amusement and Gaming Corporation (PAGCOR), Ad Standards Council (ASC), and the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) to immediately review advertisements related to online gambling. Tulfo, who chairs the Senate Committee on Games and Amusement,...
“As a policy, we don’t touch online gambling. It’s a prohibited category for us!” This was the clear-cut response from my former colleague in the banking and finance beat, Jay Tirona, now the chief executive officer of NTT DATA Payment Services Philippines. He said this at the launch of...
