Company Overview and News
With his paint-splattered jeans and fingers, Enrique “Enzo” Santos Razon IV has the look of an artist down pat. In his workspace in Makati, two walls are filled with works in progress as well as several finished paintings, framed and ready for display. (1-0)
With regards the government’s move to privatize casinos currently under the Philippine Amusement and Gaming Corp. (Pagcor), foremost attention should be given to keeping its revenue stream for the government, directly or indirectly, at current levels at the very least.
MANILA, Philippines — Chinese gamblers are fueling the growth of the casino market in the Philippines and there is still much room to grow given the rosy prospects of visa-free access for Chinese visitors and junket-based proxy betting, Morgan Stanley said in a recent report. (52-0)
Integrated gaming resort operator Bloomberry Resorts Corp. chalked up P4.11 billion in first semester net profit, about 24 times larger than the level last year as gaming revenues hit a record high.
For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly unhurried man. He’d brought a dozen or so high rollers from China to play in the glitzy VIP room in MetroManila’s Solaire casino. The game was baccarat. It was late February 2016—still high season for Asian casinos, thanks to the Lunar New Year holiday—and Ding had been here for days.
After rounding up 43 Chinese and Malaysian members of a loan sharking syndicate, the Philippine National Police is out to neutralize a similar group with Filipino members.
The Philippine Amusement and Gaming Corp. is expecting to generate about P6 billion in taxes from online gaming, with so many new applications from operators that Pagcor is thinking of limiting the number to just 50 operators to prevent an “oversupply” of players. This just goes to show that online gambling has a huge potential, with players not needing to leave their homes to play.
MANILA, Philippines - Ayala Land Inc.(ALI) expects to start the next phase of development of its Vertis North estate after it completes the relocation of informal settlers. (0-1)
MANILA, Philippines - Solaire Resort & Casino, the integrated casino resort of ports tycoon Enrique Razon in Entertainment City, will add more rooms and expand its gaming area. (0-1)
The Philippines’ largest casino resort experienced a number of guest cancellations in the aftermath of last week’s attack on Resorts World Manila by a lone gunman who started a fire that resulted in 38 fatalities, and raising fears about its impact on the country’s tourism and gaming industries.
MANILA, Philippines - Share prices tumbled yesterday as jittery investors unloaded gaming stocks following the incident in Resorts World Manila that left 38 people dead.
MACAU – The Philippines is seen to be the next big thing in Asian gaming given its robust growth prospects and the surge in Chinese tourist arrivals, a top gaming industry analyst said.
The Philippine Stock Exchange index firmed up on Tuesday on a wave of selective buying influenced by the latest rebalancing review of MSCI indices.
MANILA, Philippines - Bloomberry Resorts Corp., the owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, sustained its profitability in the first quarter of the year with a net income of P2.15 billion.
Filipino ports and casino billionaire Enrique Razon Jr., known for making risky bets around the world, is facing his latest challenge yet: charting an uncertain global environment led by United States President Donald Trump.
MANILA, Philippines - Bloomberry Resorts Corp., owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, returned to profitability last year.
Solaire Resort & Casino developer and operator Bloomberry Resorts Corp. chalked up a net profit of P2.23 billion last year, a turnaround from P3.37 billion net loss in the previous year, on the back of record gaming volumes and revenues.
More Filipino tycoons, almost all of whom made their fortunes catering to the Philippines’ massive consumer market, earned their place among the richest individuals in the world, a global billionaires list compiled by Forbes Magazine showed.
Bloomberry is currently trading below its historical EV/EBITDA valuation levels, given market concerns over new casino supply and an unfavorable tribunal ruling for a dispute with a former vendor.
MANILA, Philippines – The country’s gaming industry is showing signs of maturation on the back of growing supply and heightened competition, Fitch said in a report.
Business tycoon Enrique “Ricky” Razon is proposing that the government adopt a “visa-on-arrival” (VOA) policy for mainland Chinese visitors instead of being required to secure a visa from their place of origin. The visa could be processed upon the arrival of the Chinese visitor and pasted on their passport before they clear immigration.
MANILA, Philippines - Bloomberry Resorts Corp. of ports tycoon Enrique Razon has deferred the sale of its first casino venture overseas, Jeju Sun Hotel & Casino in Korea, after the potential buyer ran out of funds.
MANILA, Philippines - Universal Entertainment Corp. of Japanese gaming mogul Kazuo Okada issued an additional $200 million in offshore bonds to fund the completion of Okada Manila.
Tokyo is poised to become one of the world's largest gambling centers if legislation being considered there is approved. Image source: Getty Images.
MANILA, Philippines - Bloomberry Resorts Corp. posted a net income of P1.6 billion in the nine months ending September this year, a reversal of the P1.5 billion loss incurred in the same period a year ago.
2017-10-20 - Asif
2017-10-20 - Asif
2017-10-20 - Asif
2017-10-20 - Asif