Philippines

News & Analysis

Banks Freeze Accounts Of Takeover Target Okada Manila

Three banks have frozen the accounts of integrated resort Okada Manila, the Philippines' biggest casino, as an ownership battle threatens to strip more than 5,000 employees of salaries and imperil overall operations.

Philippine AML Watchdog Floats Joint Transactions Monitor

The Philippine Anti-Money Laundering Council has called on gambling regulator PAGCOR to jointly monitor and trace traveller funds after the former identified casino gambling as the top reason for bringing foreign currencies exceeding $10,000 into the country.

News In Brief: June 6-June 10, 2022

Blackstone Group gets green light for Crown Resorts acquisition and the Massachusetts Gaming Commission says controversial Barry Diller is suitable for a gaming license.

Personnel Moves - May 2022

Rhodes confirmed as UK commission top dog, US treatment firm adds new directors, Okada Manila chair dies days before raid and Costa Rica renews regulators mandate.

Research & Reports

Market Insight: Asia-Pacific Land-Based Gaming

This in-depth report provides insight into the size, structure and growth of eight land-based gaming markets in the Asia-Pacific region, containing analysis, updated as new information becomes available, of sector themes and key jurisdictional and macro developments including the impact of COVID-19 and the increasing reach and influence of China on the Asia-Pacific sector at large.

Q&A: Gambling Regulation in the Philippines

A moratorium was in place on the issuing of Philippine Offshore Gaming Operator licences from August 2019 to the end of the year; however, there is no indication of any current restrictions on the issuing of licences. Multiple bills are before the Assembly regarding cockfighting, tax reform, casino entrance fees, racing reform and lotteries.

Philippines: Senate Urged to Pass AML Bill Before APG Deadline

Bill No. 1468, which includes designated casinos as covered persons under the Anti-Money Laundering Act (AMLA), was approved on its second reading with amendments on May 24, 2017. The inclusion of casinos is one of the recommendations of the Financial Action Task Force (FATF) to avoid the potential blacklisting of the Philippines.

Senator Chiz Escudero announced on May 25, 2017 that the Senate should pass the amendments to the AMLA before the deadline given by the Asia/Pacific Group on Money Laundering (APG) in September 2016.

Q&A: The Gambling Market in the Philippines

Although the Penal Code of the Philippines provides for a general prohibition on gambling, there have been several legislative exceptions to the prohibition, which include the various gambling activities operated by PAGCOR.

Data & Forecasts

Philippines - Quarterly Gaming Report - 2014Q1 to 2022Q1

Latest quarterly Philippines Gaming Report data from PAGCOR of the Philippines. The data released for the country contains the following information: Gross gaming revenue from casinos & electronic gaming sites and installed EGMs & gaming tables by property. There are approximately 1,180 data points in this document.

Melco Resorts & Entertainment Report - 2005 to 2022Q1

Latest quarterly data from US-listed Melco Resorts & Entertainment. The data released for the operator contains the following information: Breakdown of revenues and expenses by sector, operating income, net revenues and adjusted EBITDA by business segment and hotel room and casino statistics by property. There are approximately 3,575 data points in this document.

Bloomberry Resorts Corporation Report - 2013 to 2021

Latest quarterly data from Philippines-listed Bloomberry Resorts Corporation. The data released for the operator contains the following information: Gross & net gaming revenues, total revenues, promotional allowances, total expenses, profit (loss) before tax and GGR & hold rate by game category. There are approximately 1,000 data points in this document.

Okada Manila (Philippines) Report - 2018Q1 to 2021Q4

Latest quarterly data from Tiger Resorts, Leisure and Entertainment, doing business as Okada Manila. The data released for the operator contains the following information: Gross gaming revenue, gaming volume, win rate & number of units by gaming category, hotel statistics and overall property visitation. There are approximately 390 data points in this document.

Market Monitor: Asia-Pacific Integrated Resort Gaming

This quarterly report benchmarks drop/handle, revenue & win rates from VIP tables, mass tables & slot machines across integrated resorts in five Asia-Pacific jurisdictions. Quarterly gaming trends by operator and property are supplemented by segmental market share estimates for Macau and the Philippines.
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