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Biz Buzz: One step back, two steps forward

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Japanese gaming magnate Kazuo Okada is all but certain of losing his P100 million bond with Philippine Gaming and Amusement Corp. for what will almost surely be his firm’s failure to complete a promised mega hotel and gaming center in the Entertainment City that is rising on the edge of Manila Bay.

Posted: November 26th, 2014 in Columnists,Editor's Pick,Inquirer Columns | Read More »

Caesars Palace offers help in redesigning Naia

caesar's palace

Caesars Palace is proposing to put up its $1.5-billion integrated entertainment center next to Naia’s Terminal 2 on mostly idle government property spanning around 30 hectares.

Posted: November 17th, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

Bloomberry sees profits soar

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Screengrab from www.bloomberry.ph

Bloomberry Resorts Corp., owner and operator of Pagcor Entertainment City’s pioneering integrated resort Solaire, chalked up P3.3 billion in net profit in the first nine months of the year—a sharp turnaround from the P868 million net loss it incurred in the same period last year.

Posted: November 6th, 2014 in Headlines | Read More »

Pagcor releases P2B for classroom project

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PAGCOR, DepEd and DPWH inked a memorandum of agreement marking the 4th phase of the “Matuwid na Daan sa Silid-Aralan” school building program. The state-gaming firm provided an additional P2 billion for the project to fund the construction of more or less 1,500 classrooms in public schools nationwide. 

In photo (front row) are DepEd Secretary Bro. Armin Luistro (2nd from left), PAGCOR Chairman and CEO Cristino L. Naguiat, Jr., (middle), DPWH Secretary Rogelio Singson and other officials of the three agencies.

The Philippine Amusement and Gaming Corporation’s (Pagcor) has released an additional P2 billion for its “Matuwid na Daan Silid-Aralan” project, bringing its total contribution to the government’s school building program to a staggering P7 billion.

Posted: October 27th, 2014 in Latest Business Stories | Read More »

PH seen as next VIP gaming destination in Asia

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The Philippines is shaping up as the next VIP gaming destination in Asia as new integrated resorts rise at the Pagcor Entertainment City, which would allow the country to double annual gross gaming revenues to at least $3.5 billion by 2016 from last year’s level.

Posted: October 27th, 2014 in Headlines | Read More »

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