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Philippine president Duterte encourages gambling after pandemic impact

Philippine president Duterte encourages gambling after pandemic impact
igamingbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from igamingbusiness.com Daily Mail and Mail on Sunday newspapers.

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GGRAsia – More guest rooms top priority for Okada Manila: parent


Japanese gaming conglomerate Universal Entertainment Corp says adding guest rooms at its Okada Manila casino resort in the Philippine capital is its “highest priority” for that venue. That is according to the English version of Universal Entertainment’s annual report for 2020, made available on the company’s website on Wednesday.
“Currently, adding… guest rooms is the highest priority of Okada Manila,” the document stated.
It also said there were plans for “expansion of the gaming area, including the addition of a casino exclusively for VIP guests,” and for “opening more restaurants, and enlarging the shopping mall in order to attract an even larger number of guests”. ....

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GGRAsia – Okada Manila authorised by Pagcor to provide online gaming


Universal Entertainment’s subsidiary Tiger Resort, Leisure and Entertainment Inc operates the Okada Manila casino resort (pictured).
Universal Entertainment said in a filing on Monday to Jasdaq that Tiger Resort had received on 19 April a letter from the Philippine Amusement and Gaming Corp (Pagcor) approving the firm to enter into online gaming. Universal attached the regulator’s letter to its filing.
“The system is scheduled to go into operation after clearing various conditions, such as confirmation of compliance with casino regulations and test simulations, including proper collection of casino licence fees and anti-money laundering [regulations],” said Universal Entertainment.
The company added that Okada Manila was “the first among the four integrated resorts comprising Entertainment City in Metro Manila” to receive such authorisation. ....

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Okada Manila operator approved for Philippines online gaming license


Okada Manila operator approved for Philippines online gaming license
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Philippines gaming regulator PAGCOR has approved Tiger Resort, Leisure & Entertainment, Inc (TRLEI) to conduct online gaming operations out of its integrated resort Okada Manila.
According to a filing by parent company Universal Entertainment Corp, TRLEI has received a letter from PAGCOR dated 19 April “approving entry into online gaming for table games and electric gaming machines as the first among the four integrated resorts comprising Entertainment City in Metro Manila.”
Universal added it plans to launch online operations as soon as it completes test simulations and clears all necessary conditions, including confirmation of compliance with casino and AML regulations and payment of license fees. ....

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GGRAsia – Okada Manila 1Q GGR down 41pct amid casino restrictions


Japanese gaming conglomerate Universal Entertainment Corp says gross gaming revenue (GGR) at the group’s Okada Manila casino resort in the Philippine capital fell 41.0 percent year-on-year in the first quarter of 2021. Such GGR was nearly PHP5.10 billion (US$1.05 billion), compared with PHP8.64 billion in the first three months of 2020.
Universal Entertainment’s subsidiary Tiger Resort, Leisure and Entertainment Inc operates the Okada Manila casino resort (pictured).
The group noted that its performance in most of the first quarter of 2020 had not been affected by restrictions linked to measures to stem the spread of Covid-19.
Okada Manila had been enjoying “normal operations until March 14, 2020, but suspended operations from March 15 to 31, 2020,” said the parent company in a filing on Friday. “In the current fiscal year, some operations have continued under certain restrictions,” it added. ....

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