PAGCOR<\/em><\/strong> president and COO, has confirmed to Bloomberg via text message that the regulator has approved requests to accept online bets from\u00a0Bloomberry\u00a0Resorts’ Solaire Resort and Casino, City of Dreams Manila, and Okada Manila.\u00a0<\/p>\n\n\n\nRichard Laneda, an analyst at COL Financial Group, told the news agency the move will help Manila\u2019s integrated casino resorts \u201csurvive and get through the pandemic until they are allowed by government to fully operate.\u201d <\/p>\n\n\n\n
Share prices for Bloomberry and Premium Leisure Corp., which has inerest in City of Dreams Manila, jumped on the news. <\/p>\n","protected":false},"excerpt":{"rendered":"
Integrated resorts had asked to be able to take online wagers from known customers in a bid to aid recovery from the impact of the pandemic.<\/p>\n","protected":false},"author":2,"featured_media":11480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corp. (PAGCOR) has authorized three major Manila-based integrated resorts\u2014Solaire Resort and Casino, City of Dreams Manila, and Okada Manila\u2014to accept online wagers from known customers. This regulatory adjustment aims to mitigate financial losses incurred by these operators due to the pandemic and associated travel restrictions. The decision has positively impacted the share prices of associated entities, signaling a potential recovery pathway for the land-based casino sector.","focusai_entities":"PAGCOR, Alfredo Lim, Bloomberry Resorts, Solaire Resort and Casino, City of Dreams Manila, Okada Manila, Richard Laneda, COL Financial Group, Premium Leisure Corp.","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), product_ux (0.7), tech_data (0.8), marketing_crm (0.7), payments_fraud_aml (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Scope Expansion","query":"What specific amendments to PAGCOR's existing licensing and governance frameworks were required to permit online wagering for land-based integrated resorts, and what are the implications for future B2C licensing expansion?"},{"label":"Revenue Impact Analysis","query":"What is the projected incremental Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) contribution from this new online vertical for the approved Manila integrated resorts, and how does it alter their capital expenditure plans?"}],"footnotes":""},"categories":[156,158,16333],"tags":[4138,405,128],"class_list":["post-11478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-online-gambling","tag-pagcor","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11478"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11478\/revisions"}],"predecessor-version":[{"id":777010522,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11478\/revisions\/777010522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11480"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}