Philippines first-quarter gaming income hurt by coronavirus closures admin, February 16, 2024 In the Philippines and the closure of casinos due to the coronavirus pandemic reportedly helped to push aggregated first-quarter net income for the nation’s gaming regulator down by almost 50% year-on-year to just over $15.36 million. According to a Wednesday report from Inside Asian Gaming, the three-month figure for the Philippine Amusement and Gaming Corporation (PAGCor) authority represented a diminution of 49.87% year-on-year and was accompanied by a 7.12% comparable drop in gross income to roughly $354.15 million. Ambitious aim: Inside Asian Gaming reported that this latter figure fell well short of a $369.52 million target PAGCor had previously set itself and had encompassed some $134.79 million in land-based casino fees alongside approximately $35.77 million in duties from the nation’s collection of 59 licensed iGaming operators. The regulator later purportedly honored its charter by subsequently disbursing about $178.68 million in federal gaming taxes and payments while additionally making corporate social responsibility contributions worth around $86.97 million. Complete closure: Philippines President Rodrigo Duterte ordered all of his nation’s casinos to shutter for a month from March 16 as a way to help stop the spread of a coronavirus strain that has so far killed 530 locals. The controversial leader subsequently extended this shutdown for venues across much of Luzon including metropolitan Manila until at least May 15 to further postpone the re-opening of the giant City of Dreams Manila, Okada Manila, Solaire Resort and Casino and Resorts World Manila developments. Operator frustration: It was further reported that billionaire businessman, Enrique Razon, who serves as Chairman and Chief Executive Officer for Bloomberry Resorts Corporation, earlier proclaimed that the impact of coronavirus had turned 2020 into a ‘write-off’ for casino firms in the Philippines. His company is responsible for the 800-room Solaire Resort and Casino and is moreover said to have detailed that likely future social distancing requirements will see the venue re-open its 199,000 sq ft casino floor at only 20% of full capacity. Games News casino ong
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Westgate Las Vegas opens new Poker Room_1 February 4, 2024 Westgate Resorts is hoping the fourth time is a charm for its new poker room recently opened in what was the sportsbook “Fan Cave” at the Westgate Las Vegas Resort & Casino. Formerly the Las Vegas Hotel and Casino (LVH), the Florida-based resort development company purchased the property in June 2014 and shut its three-table poker room down the following year after casino operations were taken over by Paragon Gaming. The poker room at the propriety suffered the same fate under different ownership early in the 2000’s and again in 2007. Wednesday, August 9th, the hotel and casino known by most for being home to the largest sportsbook in Las Vegas, had a soft opening for its new six-table poker room after a two-year closure. The intimate poker room is located in a spa… Read More > Read More
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