There seems to be no stopping the move to merge the Philippine Dealing System Holdings Corp. (PDS) with the Philippine Stock Exchange, with the latter as the surviving entity—a move that will create a unified bourse and allow fund managers, bankers and even retail investors to trade both stocks and bonds.
The Philippine Amusement and Gaming Corp. (Pagcor) is still waiting for Japanese businessman Kazuo Okada’s group to settle the land ownership issue in its project for Entertainment City pending negotiations with local partner Robinsons Land Corp.
While admitting that his antigambling campaign has become a “voice in the wilderness,” retired Archbishop Oscar Cruz on Friday warned of evils that can be lured into the country with the opening of big casinos in Manila early next year.
The Commission on Audit (COA) in its 2011 audit report has cited the Philippine Amusement and Gaming Corp. (Pagcor) for its record-breaking P36.659 billion income in 2011, its highest in 11 years.
Leisure estate and gaming firm Belle Corp. plans to open its casino in Pagcor City “sometime next year” and is now awaiting an additional P3-billion fund-raising by partner Leisure and Resorts World Corp. to build the hotel portfolio required by the government.
The head of Philippine Amusement and Gaming Corp. (Pagcor) on Friday strongly denied “reckless allegations” by a US-based gaming giant that he was bribed by a Japanese tycoon seeking to build a rival casino in Metro Manila and that the local gaming industry was tainted with corruption.
State-owned Philippine Amusement and Gaming Corp. (Pagcor) reported robust revenues at the end of September, marking the fifth month in a row that the agency beat historic highs.
