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Pagcor, gaming firms agree to cut license fees

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LAS VEGAS-LIKE  A scale model of the rising Entertainment City Manila, simply known as Pagcor City, a Las Vegas-like gaming and entertainment complex.

The state-run Philippine Amusement & Gaming Corp. has struck a deal with gaming operators to cut license fees by 10-percent of gross gaming revenues to neutralize the burden arising from a controversial judicial ruling that changes the gaming tax regime.

Posted: May 12th, 2014 in Latest Business Stories | Read More »

Belle net profit up 554%

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City of Dreams Manila in an earlier stage of construction in Aseana Business Park along Roxas Boulevard. Leisure estate and gaming firm Belle Corp. jacked up its net profit in 2013 by 554 percent to P3.64 billion mostly on revenues from the leasing of the upcoming integrated casino and entertainment complex to operator Melco Crown group of Macau.  PHOTO BY RICK ALBERTO

Leisure estate and gaming firm Belle Corp. jacked up its net profit last year by 554 percent to P3.64 billion mostly on revenues from the leasing of an upcoming integrated casino and entertainment complex at Pagcor Entertainment City property to operator Melco Crown group of Macau.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories | Read More »

Gaming revenues push up Bloomberry Q3 income

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Bloomberry Resorts Corp., the listed operator of Solaire Resort and Casino along Manila Bay, said profit in the third quarter hit P165 million as gaming revenues increased.

Posted: November 6th, 2013 in Headlines | Read More »

Japanese tycoon Okada, Antonios partner to put up gaming complex

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Kazuo Okada AP FILE PHOTO

Japanese gaming magnate Kazuo Okada is teaming up with the Century Properties Group of the Antonio family to pursue a project to build an integrated gaming and entertainment complex in the Philippine Amusement and Gaming Corp.’s Entertainment City, envisioned to be the Philippines’ version of the Las Vegas strip.

Posted: November 1st, 2013 in Latest Business Stories | Read More »

Real estate sector to get extra boost

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Tourism is the next big thing in the country’s real estate market as the country’s meager share in the vast international tourism market leaves much room for growth, according to the chief of property consultancy firm Jones Lang LaSalle (JLL) Philippines.

Posted: October 27th, 2013 in Headlines | Read More »

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