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PAGCOR swings to net loss in half as lockdown hits gaming...

THE Philippine Amusement and Gaming Corp. (PAGCOR) said it booked a net loss in the first half after a sharp decline in its gaming revenue with casinos forced to close due to the lockdown.

PAGCOR remits P5B in fresh dividends to Treasury

THE Philippine Amusement and Gaming Corp. (PAGCOR) said it remitted P5 billion in additional dividends to the Treasury Friday to increase government funding for the coronavirus disease 2019 (COVID-19) containment effort.

Gambling regulator seeks reopening of casinos

PHILIPPINE Amusement and Gaming Corp. (PAGCOR) said it is requesting that casinos be allowed to reopen, citing the funds that will not go to various government social programs should the company remain unable to generate gaming revenue.

Pagcor income slumps on casino ban

THE Philippine Amusement and Gaming Corp.’s (Pagcor) net income was nearly halved in the first quarter as its earnings from gaming operations declined because of the temporary ban on casino activities during the lockdown.

AMLC, PAGCOR ink deal on money laundering risks

THE ANTI-MONEY Laundering Council (AMLC) inked deal with the Philippine Amusement and Gaming Corp. (PAGCOR) to tighten their cooperation for its feedback mechanism amid money laundering and terrorism financing risks that come amid the rise in internet-based casinos, casino junkets, as well as Philippine Offshore Gaming Operators (POGOs).

China backs drive vs gambling, says Pagcor

THE Philippines and China are working together to combat Chinese nationals involved in illegal offshore gaming operations in the country, the head of the Philippine Amusement and Gaming Corp. (Pagcor) said, after President Rodrigo R. Duterte gave his assurance that Beijing is not meddling in local law enforcement.

CoA notes irregularities in PAGCOR school building project

THE Commission on Audit (CoA) has flagged the Philippine Amusement and Gaming Corporation (PAGCOR) for the poor implementation of a P12-billion school building project dubbed as “Matuwid Na Daan Sa Silid Aralan.”

Belmonte says IRR for QC gambling ordinance to be made in...

QUEZON City Mayor-elect and outgoing Vice-Mayor Maria Josefina G. Belmonte said the city ordinance which will regulate gaming firms and require city residents to pay entrance fees to casinos may be implemented in her term as mayor.

PAGCOR income up in Q1

THE PHILIPPINE Amusement and Gaming Corp. (PAGCOR) booked a higher net income in the first quarter as earnings from gaming operations increased despite higher expenses, its income statement showed.

Belle may apply for 2nd gaming license

BELLE CORP. looks to apply for a second gaming license with the Philippine Amusement Gaming Corp. (PAGCOR) in a bid to level the playing field with its competitors.

PAGCOR profit surges on one-time gain

THE PHILIPPINE Amusement and Gaming Corporation (PAGCOR) saw its net income surge more than 10 times in the first six months of the year due to a one-time gain from the sale of its land in Entertainment City in June.

PhilWeb buys two new e-Games sites

PhilWeb Corp. has acquired two new gaming sites operated by the Philippine Amusement and Gaming Corp. (PAGCOR) in Cebu City. In a disclosure to the...

PAGCOR Q1 profit rises 7.6% on higher gains from gaming operations

PHILIPPINE Amusement and Gaming Corp. (PAGCOR) reported a 7.6% increase in net income of P1.42 billion in the first quarter, as gains from gaming...

PAGCOR: Galaxy’s $500-M Boracay resort is on hold

MANILA — The Philippines gaming regulator said a plan by Macau’s Galaxy Entertainment Group to build a $500-million integrated casino resort on a Philippine...

Pagcor awards Entertainment City parcel to Bloomberry

THE Philippine Amusement and Gaming Corp. (Pagcor) has awarded 16 hectares of land in Entertainment City to a unit of Razon-led Bloomberry Resorts Corp....

Bloomberry unit wins bid for 16-hectare land in Entertainment City

The Philippine Amusement and Gaming Corp. (PAGCOR) has awarded 16 hectares of land in Entertainment City to a unit of Bloomberry Resorts Corp. for...

PAGCOR, other GOCCs recommended for review due to ‘conflicting’ functions

ABOUT 12 government-owned and -controlled corporations (GOCCs) are recommended to the President to be rationalized due to their conflicting regulatory and commercial functions. The Governance...

PhilWeb revenues surge in first quarter

PhilWeb Corp. posted a first-quarter total revenues of P87.8 million, at least three times more than the P26.1 million recorded in the same quarter...

Malacañang confirms Duterte order to temporarily stop putting up new casinos

Malacañang on Friday confirmed that President Rodrigo R. Duterte has ordered a moratorium on new casinos, a day after Reuters reported that the country’s...

Duterte to fire 70 cops, 3 generals

PRESIDENT Rodrigo R. Duterte announced on Thursday, Jan. 11, that around 70 policemen, three generals, and a chairman of a government agency will soon...

PAGCOR revenue up 11.14% in first 9 months

STATE-RUN Philippine Amusement and Gaming Corp. (PAGCOR) said revenue rose 11.14% in the nine months to September to P42.38 billion, beating its target for...

PAGCOR reviews lease contract with PAL for Pasay City property

PHILIPPINE Amusement and Gaming Corp. (PAGCOR) on Tuesday said flag carrier Philippine Airlines (PAL) cannot build its proposed P20-billion ($400-million) annex to the Ninoy...

PhilWeb gets ‘provisional’ license

By Arra B. Francia, Reporter PHILWEB Corp. has secured “provisional” accreditation from the Philippine Amusement and Gaming Corp. (PAGCOR) to resume its operation of electronic...

Leisure and Resorts World to build 20 boutique bingo sites this...

LEISURE and Resorts World Corp. (LRC) wants to open up to 20 boutique bingo gaming sites this year as the outlook on online gaming...