The Philippine Amusement and Gaming Corporation (PAGCOR) announced that its net income for the first nine months of 2025 reached ₱14.32 billion (approximately US $244 million), marking a year-on-year increase of 49 %.
In a striking show of local engagement ahead of the upcoming 15th 15th National Games — co-hosted by the Guangdong, Hong Kong and Macao regions — Macau’s six major gaming concessionaires took centre stage during the regional torch relay held on Sunday.
Anutin Charnvirakul, Prime Minister of Thailand, has formally told Xi Jinping, President of China, that Thailand will not legalise casinos or use gambling as an economic stimulus tool. The assurance came during a bilateral meeting at the APEC Economic Leaders' Meeting, and signals a clear shift in Thailand’s policy on entertainment-resort development.
South Korea’s foreigner-only casino operator Paradise Co Ltd has revealed that its scheduled purchase of the 501-room West Tower of the Grand Hyatt Incheon hotel, adjacent to the integrated resort Paradise City, will be postponed from 31 October to 19 December. The building price remains set at KRW 210 billion (approx. US$151 million) for the tower alone, while the land remains owned by the Incheon International Airport Corporation.
Genting Malaysia’s U.S. expansion plans took a bold turn as its subsidiary Resorts World New York City (RWNYC) announced a commitment to contribute US$2.5 billion to the Metropolitan Transportation Authority (MTA) during its first four years of operation under a full commercial licence — a figure that exceeds the MTA’s prior budget of US$1.8 billion from all three downstate casino licences combined.
Author: Janice Chew • Monday, 03/11/2025
