Online Casino News Philippines
An important place to begin is by understanding that gambling, either online or in-person, is perfectly legal in the Philippines. At the moment, you are unable to go to casinos to play, but that is due entirely to the closure of these facilities due to the Covid-19 virus. Casino-philippines.com is part of Casino Nation, a global gaming and gambling network consisting of online casinos, igaming portals, news sites, video platforms, vlogs & blogs. The software and underlying technology of this website are provided by the company Vegassoft. We would also like to thank Gaming and Gambling for their financial support.
GamingZion brings you all the important news about online casinos in Philippines. Be the first to discover new Filipino online casinos and check out the online casino promotions in Philippines to claim exclusive bonuses! Our directory shows you which online casino in Philippines offers the highest jackpot and which online slot gives you the highest chance to win it.Displaying online casino news that accept players from Philippines. To change country go to Country selector or to see all sites in our database visit Online Casino News.
(Bloomberg) -- The Philippine has allowed land-based casinos to accept bets online, in a move that could help operators mitigate losses from the pandemic. Gaming stocks rose.
Popular Searches
The Philippine Amusement and Gaming Corp. has approved the applications of Bloomberry Resorts Corp.’s Solaire Resort and Casino, City of Dreams Manila, and Okada Manila for betting through the Internet, president Alfredo Lim said in mobile-phone messages.
Shares of Bloomberry rose 4.2%, its biggest gain in more than a month and outpacing the Philippine benchmark stock index’s 0.2% advance. Premium Leisure Corp., which earns from City of Dreams Manila, jumped as much as 6.3% before closing up 3.1%.
The gaming regulator’s decision will help Manila’s integrated casino resorts “survive and get through the pandemic until they are allowed by government to fully operate,” said Richard Laneda, an analyst at COL Financial Group Inc. “This is a way for them to earn some revenue.”
Philippine gross gaming revenue fell 96% in the second quarter as casinos shut to stem the spread of the coronavirus, with operators like Bloomberry posting losses.
The gaming regulator has been pushing to gradually reopen casinos after they were shut in March. Online casinos that only serve offshore markets and catering mostly to Chinese clients have also been hit by restrictions and a new tax on bets.
(Updates gaming stocks move, adds analyst comment from 3rd paragraph.)
Online Casino News Philippines Contact
For more articles like this, please visit us at bloomberg.com
New Online Casinos Usa
©2020 Bloomberg L.P.