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BINGO FOR A CAUSE’ OFFERS BIGGER FUNDS TO LGUS, ORGANIZATIONS

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The Philippine Amusement and Gaming Corporation (PAGCOR) said it has tweaked its “Bingo for A Cause’’ program to help local government units (LGUs) and non-government organizations (NGOs) raise more funds for their socio-civic programs.

PAGCOR Assistant Vice President Maria Teresa Ocampo said the state gaming agency has approved new packages that will allow LGUs and NGOs to earn as much as 50% share from proceeds of bingo events to be conducted with PAGCOR.

“The revised bingo package will give our partners the option to sell tickets from as low as Php100 to Php1,000 each, depending on the package that they choose,” she said. “The proceeds will even go higher depending on their ticket sales.”

Ocampo, who heads PAGCOR’s Bingo Department, said the ‘Bingo for A Cause’ project will also allow communities and organizations to enjoy the fun and thrill of bingo games in a lawful way while contributing to worthy causes.

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“Like any game of chance, only PAGCOR has the mandate to authorize bingo activities, hence bingo games without PAGCOR’s permission are illegal,” she said.

“We thus remind our partner communities and organizations to first coordinate with PAGCOR’s Bingo Department if they plan to organize bingo events and explore partnership opportunities with us,” she added.

The post BINGO FOR A CAUSE’ OFFERS BIGGER FUNDS TO LGUS, ORGANIZATIONS appeared first on European Gaming Industry News.

Aquisitions/Mergers

Nazara’s subsidiary Absolute Sports acquires TJRWrestling.net and ITRWrestling.com

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Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, announced today that it has signed definitive agreements, subject to closing conditions, to acquire two IPs, TJRWrestling.net and ITRWrestling.com. These business assets will be acquired from Titan Insider Digital. These IPs add to the already dominant global position of Absolute Sports in the combat sports publishing industry.

TJRWrestling and ITRWrestling established in 2009 and 2020 respectively, have built a robust audience base within the wrestling fan community through their high-quality and in-depth combat sports news and content coverage. Together, they currently attract 1.7 million monthly active users and generate 4.6 million monthly pageviews, predominantly from North America. They generated $722K (~INR 6.1 crore) in revenue in 2024.

The transaction, valued at $1.25 million (~INR 10.5 crore), will be an all-cash asset purchase via the company’s U.S. subsidiary, Sportskeeda Inc., and is expected to close within the next 45 days.

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This strategic acquisition bolsters Sportskeeda’s position in the combat sports segment and expands its presence in the U.S., home to the world’s largest pro-wrestling fanbase. The integration of these platforms will also create deeper engagement opportunities for fans and advertisers across digital formats.

Ajay Pratap Singh, CEO of Absolute Sports, commented: “ITRWrestling and TJRwrestling are two of the most respected voices in the global wrestling community. This acquisition aligns perfectly with our vision to be the leading go-to destination for wrestling content worldwide. It also reinforces Absolute Sports’ dedication to expanding its footprint in the fast-growing U.S. media market through a targeted and impactful M&A strategy.”

The post Nazara’s subsidiary Absolute Sports acquires TJRWrestling.net and ITRWrestling.com appeared first on European Gaming Industry News.

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Asia

FBM® installs Jin Qián Link™ at Solaire Entertainment City

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FBM® is set to elevate the gaming experience at Solaire Entertainment City with the launch of the highly anticipated Jin Qián Link™ slot themes on the cutting-edge Auria casino cabinet. Being the leading e-bingo games provider in the Philippines, FBM® continues delivering innovation with four captivating slot titles inspired by Asian mystique, featuring stunning graphics and exciting gameplay, at one of the country’s premier gaming destinations.

Jin Qián Link comprises four distinct slot themes – Eternal Fènghuáng™, Golden Lóng™, Great Bái Hǔ™, and Lucky Guī™ – each transporting players to a mystical universe. Players will be attracted and engaged by captivating visuals and an immersive soundscape, while Jin Qián Link also offers a rewarding and strategic gaming experience.

Players can chase Mini, Minor, Major, and Grand jackpots within the Jin Qián Link bonus, accessed by incrementing the pagoda. The bonus mode culminates in a double prize when all positions on the five reels are covered. The attractive feature set of this product line includes Luck Has Arrived as a shared feature, anticipating a rewarding round. Triple Wild, available on Golden Lóng and Lucky Guī, and Wild Multiplier, running on Great Bái Hǔ and Eternal Fènghuáng, are the game features completing the features roll of this game series.

Pepe Costa, Country Manager of FBM Philippines, highlighted the relevance of this installation for the brand’s operation in the country. “FBM is committed to delivering exceptional gaming experiences that resonate with players. Jin Qián Link is a testament to this commitment, combining compelling themes with innovative features and the quality and excellence that FBM is known for.”, stated the FBM representative.

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About the expectations around the game and FBM’s intents for the short-term future, Pepe Costa shared: “We are confident that Jin Qián Link will be a major success at Solaire Entertainment City. It’s also important to note that Jin Qian Link is just the first in a series of new slot games that FBM will be launching for the Philippine market”. With a legacy dating back to 2001, FBM has established itself as a trusted provider of high-quality gaming solutions. The leadership obtained in the Philippines e-bingo segment placed FBM among the references in the national industry, boosting the operation expansion for new product categories. The Jin Qián Link launch at Solaire Entertainment City further solidifies FBM Philippines’ position in the market and provides Solaire Entertainment City patrons with a new and exciting gaming adventure.

The post FBM® installs Jin Qián Link™ at Solaire Entertainment City appeared first on European Gaming Industry News.

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PH GAMING INDUSTRY RECORDS PHP104.12B GGR IN 1ST QUARTER 2025

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The Philippine gaming industry recorded a strong start to 2025 with Gross Gaming Revenues (GGR) reaching Php104.12 billion in the first quarter, a 27.44% increase compared to the same period last year.

This surge marks a critical turning point in the sector with electronic gaming now leading revenue generation, said PAGCOR Chairman and CEO Alejandro H. Tengco.

“The E-Games and E-Bingo segment made history by becoming the industry’s top revenue driver for the first time, contributing Php51.39 billion or 49.36% of the total first quarter GGR,” he said.

“This represents not just revenue growth but how consumer behavior continues to shift towards digital, on-demand gaming experiences, accelerated by greater access to mobile technology,” he added.

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The PAGCOR chief also noted that the rise of the E-Games industry has drastically reshaped the Philippine gaming landscape.

“As digital platforms take center stage, the Philippine gaming industry is likewise undergoing a paradigm shift. Hence, our goal as a regulator is to strike the right balance between innovation, player protection and long-term industry sustainability,” he said.

Licensed casinos, which have historically dominated the GGR landscape, generated Php49.28 billion, accounting for 47.32% of the industry’s total.

“While there was a minimal dip in revenues from licensed casinos compared to last year’s figures due to growing digital competition, this segment shows sustained strength and relevance,” Chairman Tengco said.

“The performance of brick-and-mortar casinos remains critical to industry stability, particularly in tourism-driven hubs such as Entertainment City and Clark.”

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Meanwhile, PAGCOR-operated casinos generated Php3.45 billion in revenues, making up 3.31% of the GGR.

The post PH GAMING INDUSTRY RECORDS PHP104.12B GGR IN 1ST QUARTER 2025 appeared first on European Gaming Industry News.

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