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Pagcor eyes penalty for Japanese casino developer

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The county’s casino gambling regulator is likely to penalize the local unit of Japan’s Universal Entertainment Corp., led by billionaire Kazuo Okada, if it fails to open its $2-billion project in the Entertainment City complex by Manila Bay by March next year.

Posted: October 8th, 2014 in Latest Business Stories | Read More »

Bayshore resorts construction in Pagcor Entertainment City starts

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A $2 BILLION entertainment complex will rise in the Pagcor Entertainment City.

The construction of the fourth and final complex that will make up the Pagcor Entertainment City in Parañaque began last week.

Posted: October 6th, 2014 in Latest Business Stories | Read More »

Mogul Packer buys Las Vegas casino site

This photo taken on July 2, 2014 shows constuction work going on at Australian mogul James Packer's new Aus$1.5 billion ($1.4 billion) Sydney casino in a prime location on Sydney Harbour. Billionaire Packer, who runs Crown, a worldwide gambling empire has been given the green light late on July 8, 2014 by the state gaming regulator taking it one step closer to winning final approval to be awarded a 99-year gaming licence and could start operating from November 15, 2019. AFP PHOTO/Peter PARKS

Australian mogul James Packer’s Crown Resorts has paid Aus$280 million (US$260 million) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market, the company said Monday.

Posted: August 4th, 2014 in Latest Business Stories | Read More »

Resorts World continues expansion of gaming unit

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Leisure and Resorts World Corp. (LRWC) in the fourth quarter will unveil a new and integrated brand for its retail gaming outlets for bingo, as well as other e-games, following its recent acquisition of Total Gamezone Extreme Inc. (TGXI).

Posted: July 28th, 2014 in Headlines | Read More »

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 »

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