#FinancialLoss

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PAGCOR closes two Casino Filipino venues due to financial losses

Alejandro Tengco said employees will be returned to their mother units.The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has decided to close Casino Filipino sites in Talisay, Cebu, and in Tagum, Davao del Norte. Alejandro Tengco, PAGCOR’s chairman and CEO, said the decision

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Star Entertainment posts $1.16 billion annual loss, considers asset sales amid regulatory and economic pressure

Star Entertainment reported an A$1.7 billion ($1.16 billion) annual loss, marking its second consecutive multi-billion-dollar decline as the Australian casino operator battles challenging trading conditions and regulatory changes. The company said it is considering asset sales to shore up cash reser

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