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

By
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 readies new casino expansion program

Integrated resort operator Bloomberry Resorts Corp. is planning a new phase of expansion for Solaire Resort & Casino, one envisioned to catapult its entertainment hub in the Philippines into one of the world’s largest and possibly set up shop in new offshore markets like Japan.

Posted: June 6th, 2014 in Headlines | 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 »

Pagcor, gaming firms agree to cut license fees

By
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 »

Alliance Global nets P17.2 B in 2013

By
Kingson Sian, AGI president and chief operating officer. FILE PHOTO

Alliance Global Group Inc. grew its net profit attributable to equity holders of parent firm by about 24 percent to P17.2 billion led by growth in its beverage, property integrated gaming, consumer and tourism businesses.

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

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