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Tax reform watch weighs on investor sentiment

2017-12-12 bworldonline
ANY OPTIMISM over the Philippines’ credit rating upgrade on Monday by Fitch Ratings evaporated yesterday, as investors awaiting Congress’ ratification of tax reforms made the Philippine Stock Exchange index (PSEi) end three days of gains. (20-0)

Razon keeps casino venture in Korea

2017-11-13 philstar
MANILA, Philippines — Ports tycoon and casino magnate Enrique Razon has decided to keep his casino in Jeju, Korea, his first venture overseas. (0-1)

Razon eyes gaming opportunities in Asia

2017-11-13 bworldonline
PORTS and gaming tycoon Enrique K. Razon, Jr. is scouting for opportunities to expand his gaming business in Asia. (5-1)

Razon says he’s more concerned about PH infra in Asean forum

2017-11-13 business.inquirer.net
Enrique Razon Jr., the often outspoken ports and gaming tycoon, advocated some self-interest during the 31st Association of Southeast Asian Nations Summit on Monday. (1-3)

Bloomberry income up 31% in Q3

2017-11-09 philstar
MANILA, Philippines — Bloomberry Resorts Corp., owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, sustained its profitability in the first nine months. (0-1)

Bloomberry’s 9-mo profit rises by 275%

2017-11-09 business.inquirer.net
Integrated gaming resort developer and operator Bloomberry Resorts Corp. posted P5.96 billion in nine-month net profit, up 275 percent year-on-year. (0-1)

Pagcor bidding out 2 lot parcels in Bay City for at least P37.2 B

2017-11-09 philstar
MANILA, Philippines — State-run Philippine Amusement and Gaming Corp. (PAGCOR) is set to auction two parcels of land with total area of 160,359 square meters in Bay City, Parañaque for a minimum bid price of P37.23 billion. (0-1)

Solaire operator’s profit surges in Q3

2017-11-09 bworldonline
THE OWNER and operator of Solaire Resort and Casino posted a 31% increase in attributable profit in the third quarter of 2017, driven by the strong growth in both mass market and VIP plays. (10-1)

Bloomberry nets nearly P6B, sees “banner” year

2017-11-09 business.inquirer.net
Integrated gaming resort developer and operator Bloomberry Resorts Corp. chalked up P5.96 billion in nine-month net profit, surging by 275 percent year-on-year on the back of record-high casino revenues. (0-1)

Razon scion to jolt viewers with his ‘faces’

2017-10-12 lifestyle.inquirer.net
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. (1-1)

Looking beyond Pagcor’s privatization

2017-09-28 philstar
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. (0-1)

China gamblers fuel growth of Philippine casinos

2017-09-24 philstar
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. (52-1)

Bloomberry nets P4.11B

2017-08-10 business.inquirer.net
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. (0-1)

Ding Zhize: Baccarat Binge Helped Launder Biggest Cyberheist | Fortune.com

2017-08-03 fortune
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. (0-1)

PNP targets 2nd loan shark gang in casinos

2017-07-21 newsinfo.inquirer.net
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. (0-1)