City of Dreams
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City of Dreams Manila operator's income surges on better casino profit

Nov 07, 2017 - 6:45 PM

The performance is driven by City of Dreams Manila's strong year-on-year growth across all gaming segments

SURGE. Casino revenues surge by 53% in the 1st 9 months of 2017 to P22.5 billion from P14.7 billion for the same period a year ago. Photo by Stephen Lavoie/Rappler

FAST FACTS: What you need to know about the Philippine casino industry

Jun 08, 2017 - 8:04 PM

Despite challenges Pagcor Chairperson Andrea Domingo says the local gaming industry s total revenues in 2017 may still expand to P160 billion

GAMING. The billion peso casino industry is in the spotlight as attacks on a luxury resort-casino led to the death of at least 36 people.

Gambling addiction: How the Philippines prevents, handles 'problem gamers'

Jun 06, 2017 - 2:15 PM

Local casinos are practicing minimum responsible gaming standards set by regulators But compared to global practices the Philippines seems to be just catching up

RESPONSIBLE GAMING. About 220 gamblers in the Philippines turned to a to self-exclusion program, volunteering to be banned from casinos in an attempt to go cold turkey. Rappler file photo

Belle plans to expand City of Dreams

Apr 24, 2017 - 6:49 PM

Aside from expansion plans Belle is also looking for a second site for a casino within Metro Manila or outside the capital

FULL CAPACITY. City of Dreams Manila, which is sitting on a 6.2 hectare lot, is operating a full capacity, prompting the company to look for lots within the property for possible expansion. Rappler file photo

Okada Manila set to open for Christmas preview

Dec 21, 2016 - 10:00 AM

Under the plan Okada Manila will have a two wing hotel with 993 rooms ranging from 55 square meters for deluxe rooms to 1 400 sqm villas

NEXT BIG THING? Tiger Entertainment unveils Kazuo Okada's US $2 billion investment in Manila dubbed to be the next grandiose entertainment complex in the region. Photo courtesy of Tiger Entertainment

Sy-led Belle Corp terminates agreement with Leisure Resorts

Nov 04, 2016 - 6:27 PM

Belle has been undertaking strategic moves over the past few days

PARTNERS. Australian billionaire and Melco chairman James Packer (right) with his co-chairman Lawrence Ho (center) during a press conference on the opening of the City of Dreams mega-casino in Manila on February 2, 2015. File photo by Ted Aljibe / Agence France-Presse

City of Dreams operator optimistic about PH gaming market

Jun 20, 2016 - 6:40 PM

The Philippine gaming market posted the strongest growth last year in Asia or possibly worldwide says Melco Crown chairman and president Clarence Chung

BULLISH. Melco Crown is optimistic about City of Dreams Manila given the improving infrastructure in the Philippines. Photo by Ted Aljibe /Agence France-Presse

William Go files 2 more forgery complaints vs Deguito, Torres

Mar 31, 2016 - 5:06 PM

From all the evidence presented to the public the former RCBC Jupiter Makati branch officers are now caught in their web of lies William Go says

SIMULATED FORGERY. William So Go says the forgery simply shows that he 'did not open the peso and dollar accounts with RCBC Jupiter.' Photo by LeAnne Jazul/Rappler

2 more criminal complaints against Deguito, Torres to be filed 'very soon'

Mar 21, 2016 - 6:59 PM

The duo falsified the bank opening documents for the purported peso and dollar accounts of Go with RCBC Jupiter branch Ex S R owner William So Go s legal counsel says

MORE CHARGES. The Filipino-Chinese businessman will file more charges against the RCBC branch manager who linked him to the Bangladesh Bank fund heist

Deguito: William Go wanted 10% of $81-M dirty money

Mar 21, 2016 - 2:53 PM

But Go s lawyer Ramon Esguerra denies this saying the RCBC branch manager was the one who offered the businessman P10 million to participate in the scheme

PLOT THICKENS. So Go is among those who are being investigated for a cross-border electronic fraud and money-laundering scheme. Photo by LeAnne Jazul/Rappler

Include casinos, art in anti-money laundering law – SEC chief

Mar 14, 2016 - 7:13 PM

Teresita Herbosa who also co chairs the Anti Money Laundering Council says her office will now push for the inclusion of casinos in the coverage of the Anti Money Laundering Act

STRENGTHEN AMLA. 'We need to strengthen the law, Money laundering can only be stopped if everyone in the world cooperates," AMLC's Teresita Herbosa says. Rappler photo

RCBC branch manager not allowed to leave Philippines

Mar 12, 2016 - 10:42 AM

UPDATED Maia Santos Deguito was already aboard Philippine Airlines flight 432 when she was offloaded on orders of the immigration bureau an airport official says

HEATS UP. The probe on $100-million bank heist in downtown Manhattan heats up

RCBC chief offers to go on leave

Mar 11, 2016 - 5:28 PM

This is to give the bank a free hand in probing money laundering allegations involving a Makati branch and its branch manager says the lawyer of RCBC president and CEO Lorenzo Tan

ALLEGATIONS DENIED. Tan says his track record of 18 years in the local banking industry is unblemished. Photo from RCBC Website

Ex-S&R owner to sue RCBC manager over heist

Mar 11, 2016 - 3:33 PM

William Go clarifies that his signature that appeared on RCBC’s records was forged

LEGAL BATTLE CONTINUES. Go's legal counsel says his office is looking to sue RCBC and its Jupiter branch manager

RCBC, 3 casinos linked to $100M Bangladesh Bank fund heist

Mar 09, 2016 - 5:27 PM

RCBC president and CEO Lorenzo Tan denies allegations that the bank s top management knew of the alleged money laundering activities

TECHNICAL GLITCHES. RCBC says its automated teller machines are having some technical problems

Resorts World Manila operator Q2 profits halve

Aug 14, 2015 - 6:31 PM

The Philippines pioneer mega casino reports that its net income fall 46 78 due to a slump in Chinese visitors and rising costs

RED. Travellers International Hotel Group, operator of Resorts World Manila, says net income for the April to June period fell 46.78% from a year earlier to P619.04 million as gaming revenues declined. File image from the Travellers International website

Solaire resort casino operator posts loss after betting on boom

Aug 13, 2015 - 8:21 PM

Bloomberry Resorts says costs soar from the expansion of its Manila operation and pioneering investments in South Korea

RED. Bloomberry, operator of Manila's Solaire casino, swings into the red with an after-tax net loss of P786.55 millio ($17.02 million) in the April to June period. Image from Solaire's website

City of Dreams Manila operator to suspend 100 workers

Aug 12, 2015 - 2:45 PM

The workers account for 2 of the integrated resort s workforce and are mainly in gaming related units

Belle Corp's net income halved in H1

Aug 01, 2015 - 8:41 PM

Without non recurring gains from last year Belle Corporation would have doubled its recurring profit in the first half of 2015

CONSOLIDATION. Belle spun off its key gaming assets in 2014, transferring its stakes in City of Dreams Manila and Pacific Online Systems Corporation. File photo by Ted Aljibe / Agence France-Presse

Kazuo Okada, Tonyboy Cojuangco partner for casino project

Jul 30, 2015 - 5:02 PM

Tiger Resorts had to endure bumps on the road in its pursuit of the 2 billion Manila Bay Resorts Integrated Resort and Casino including a falling out with its previous local partner and PAGCOR s threat to suspend its gaming license

Tiger Resort's Manila Bay Casino Resort Project

IN PHOTOS: DreamPlay, Dreamworks-themed activity center at City of Dreams Manila

Jun 13, 2015 - 5:35 PM

Fun interactive attractions based on Dreamworks hits like Kung Fu Panda How To Train Your Dragon Madagascar and Shrek Enjoy

IN PHOTOS: 6-course meal at The Tasting Room, City of Dreams Manila

May 19, 2015 - 8:55 PM

Foie gras lollipops a 52 degree egg French lamb saddle and more

IN PHOTOS: Robert De Niro in Manila for Nobu Hotel opening

May 18, 2015 - 1:11 PM

See photos of the hotel s opening

Photo by Mark Cristino/Rappler

City of Dreams Manila operator reports P3B net loss for Q1 2015

May 08, 2015 - 5:31 PM

UPDATED The net loss balloons from the same period last year due to the continuous development of the integrated casino resort

City of Dreams Manila buoys Belle’s Q1 2015 net income

Apr 28, 2015 - 7:05 PM

Belle Corporation says its revenues doubled to P1 34B from P558M from the same period in 2014

Quick look: The buffet at The Café, Hyatt City of Dreams Manila

Apr 04, 2015 - 9:45 AM

Prices buffet stations and more so you can plan your buffet strategy

Travellers International nets P5.45B in 2014

Mar 20, 2015 - 4:54 PM

The gaming and entertainment complex operator reports its net doubles from 2013 despite a decline in net revenues

IN PHOTOS: Nicole Scherzinger in Manila for new City of Dreams club opening

Feb 18, 2015 - 2:40 PM

Nicole also visits the country for her work with UNICEF

PH opens mammoth casino-resort, seeking high-rollers

Feb 02, 2015 - 11:19 PM

The new casino is an imposing structure on Manila Bay with 6 gleaming golden towers surrounding a giant egg shaped dome and industry and government leaders hope it will attract cashed up tourists from other parts of Asia

Lawrence Ho (4th, left) with his wife Sharen (3rd, left), son of Macau gaming tycoon Stanley Ho, and co-chairman of Melco crown, and his co chairman, Australian billionaire James Packer (5th, left) as they officiate the City of Dreams mega-casino in Manila on February 2, 2015. Photo by Jay Directo/AFP

IN PHOTOS: Ne-Yo, Kelly Rowland perform at City of Dreams Manila opening

Feb 02, 2015 - 9:41 PM

Photos and clips from the fun set from Ne Yo and Kelly

Overview: What you'll see at the City of Dreams Manila

Jan 30, 2015 - 3:47 PM

Three hotels a dazzling variety of restaurants and more make up the newest attraction in Manila – the City of Dreams

Leo DiCaprio, Robert De Niro plug City of Dreams Manila

Jan 13, 2015 - 9:16 PM

Director Martin Scorsese also appears in the clip

Travellers Int'l still bullish on PH gaming industry

Jan 09, 2015 - 9:07 PM

Travellers’ Andrew Tan remains optimistic about the domestic gaming industry despite Macau’s failing revenues and the growing local competition

City of Dreams Manila soft opening on Dec 14

Dec 13, 2014 - 2:19 PM

The 1 13 billion integrated casino and resort project is scheduled for a grand opening before Chinese New Year 2015

Sy-owned Belle to raise P5B from share sale

Sep 29, 2014 - 1:29 PM

Ahead of the City of Dreams Manila opening the share sale is expected to improve liquidity and widen public stock ownership

Sy-owned Belle to sell $200-million shares

Aug 19, 2014 - 9:12 AM

The company says it will sell shares in gaming unit Sinophil to improve liquidity and widen public stock ownership

CASINO PROJECT. This is an artist's rendition of the Belle Grande Manila Bay that will house a large casino, two L-shaped hotel towers, and 4 condotel towers. Photo from 2011 Belle Corp. Annual Report

Melco Crown raising P5.5B to fund casino project

Jun 19, 2014 - 1:00 PM

The company is selling shares through a top up offer to fund the increase in budget for its casino project in Entertainment City

Melco Crown share trading suspended ahead of fund raising

Jun 18, 2014 - 12:29 PM

The casino company seeks trading suspension from the Philippine Stock Exchange on June 18

Photo from AFP

Robert De Niro visits Manila for Nobu Hotel announcement

Jan 28, 2014 - 4:24 PM

Award winning actor Robert De Niro is also the co founder of a multi bilion hotel chain coming to the Philippines soon

AT YOUR SERVICE. Actor Robert De Niro is also a multi-billion hotelier

Melco names casino complex 'City of Dreams Manila'

Oct 09, 2013 - 8:51 PM

Scheduled to open mid 2014 the Manila integrated complex will carry the City of Dreams and Crown Towers brands of Melco Crown

NAMING CEREMONY. Melco Crown names its Manila venture City of Dreams. Lawrence Ho (2nd from left, bottom), James Parker (2nd from right, bottom) and Henry Sy Jr. (3rd from left, top) grace the October 9 ceremony. Photo by Cherrie Regalado/Rappler