Tag: Philippines
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Int Ent Loss Widens to $62M, Gaming Revenue Up 61%
International Entertainment's FY2026 loss widened to HK$486.4M on a non-cash DigiPlus note charge. Gaming revenue surged 60.7% and gross profit jumped 66.4%, but a PHP5B Philippine tax dispute looms.
International Entertainment Targets September Online Gaming Launch
International Entertainment targets late August or September 2026 for its Philippine online gaming launch under a 3%-97% GGR deal with DigiPlus. The gaming segment swung to profit but a non-cash charge widened the group loss.
Former POGO Operators Shift to Sri Lanka Port City
Former POGO operators are relocating to Sri Lanka's Port City SEZ after the Philippines ban, recruiting workers from China and Vietnam to target restricted markets.
Leases Could Decide the Casino Filipino Sale: Law Firm
Whether the Casino Filipino sale closes may hinge on transferring venue leases, a law firm says, as landlord consent and staff terms weigh on a reduced valuation.
DigiPlus Faces Margin Squeeze as Rivals Go Online
Analysts say DigiPlus faces margin pressure as Philippine casino operators launch online platforms, forcing heavy marketing spend, though it keeps its market lead near-term.
