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Melco Crown raises P5.48 billion from top-up equity deal

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SCREENGRAB from www.melco-crown-philippines.com

Casino operator Melco Crown (Philippines) Resorts Corp. has raised P5.48 billion from a “top-up” equity placement, proceeds from which will boost capital outlays for the upcoming City of Dreams Manila.

Posted: June 19th, 2014 in Latest Business Stories | Read More »

Bloomberry eyes another Solaire expansion, investment in Japan

By
SCREENGRAB from www.bloomberry.ph

Integrated resort operator Bloomberry Resorts Corp. is planning a new phase of expansion for Solaire Resort & Casino alongside efforts to set up shop in new offshore markets like Japan.

Posted: June 5th, 2014 in Latest Business Stories | Read More »

Okada to pursue PH casino project

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Kazuo Okada AP FILE PHOTO

The group of Japanese gaming magnate Kazuo Okada regrets an aborted partnership with Century Properties Group Inc. (CPG) but still intends to pursue its casino project in the Philippines with the goal of starting business by the third quarter of 2015.

Posted: April 2nd, 2014 in Latest Business Stories | Read More »

Pagcor remittance hits record P21.2B in 2013

By
Pagcor chairman and  chief executive officer Cristino Naguiat  INQUIRER file photo

The Philippine Amusement and Gaming Corporation’s (Pagcor) reported on Thursday its “highest recorded” remittance to the government in the amount of P21.20 billion last year.

Posted: January 30th, 2014 in Latest Business Stories | Read More »

Melco prepares $340M back-up credit facility for PH gaming unit

By
Casino dealers work on their respective games. AP File Phone.

The Melco Crown group of Macau is preparing a back-up credit facility worth as much as $340-million for its Philippine gaming unit in case a previously announced private debt offering isn’t completed as intended by the end of January in 2014.

Posted: December 26th, 2013 in Latest Business Stories | Read More »

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