News

We will keep our stakeholders apprised of the current events and activities of our subsidiaries.

Staying Ahead

BingoPlus Jackpot Awarding held in SM Megamall

June 30, 2022

Half year through the milestone of BingoPlus’ launching, another one of its many batches of jackpot winners were being awarded again. In June 27, BingoPlus held an awarding ceremony for two of its jackpot winners. One won 6 million and another won 14.5 million Pesos. The event was held at BingoPlus ... Read More »

LRWC 2021 Year-end Results: EBITDA loss narrowed vs Year 2020

June 2, 2022

Leisure & Resorts World Corporation (LRWC), publicly listed in PSE as LR, 2021 year-end EBITDA loss sees a slight improvement of 16% as compared to the previous year. Due to the pandemic, LRWC 2020 year-ending EBITDA was at a loss of Php96 million while 2021 year-ending EBITDA was at a loss ... Read More »

BingoPlus inks major sponsorship deal with the PBA 47th Season

April 7, 2022

  BingoPlus named the official Bingo partner of the PBA. Present during the signing ceremony are PBA Commissioner Willie Marcial (third from left) and Andy Tsui (third from right), president of Leisure & Resorts World Corporation (LRWC). Also in photo are Jo Francisco (extreme left), PBAPI head, Peter Antolin (second from ... Read More »

Online Traditional Bingo has first 8 millionaire jackpot winners after just one month of opening

March 7, 2022

  MANILA – Only over a month after soft-launching the country’s first and only licensed Online Traditional Bingo (OTB) services under BingoPlus’ Remote Gaming Platform, it now has eight individuals winning more than a million each in jackpot prizes in quick succession. Starting February 3, nearly16 million pesos in cash has been ... Read More »

TGXI acquires PAGCOR accreditation for GSPORTS

October 12, 2021

TGXI acquires PAGCOR accreditation for GSPORTS MANILA, September 28, 2021 – Total Gamezone Xtreme Incorporated (TGXI), a fully-owned subsidiary of Leisure & Resorts World Corporation (LRWC), proudly announces its own sports betting system called, GSPORTS. After successfully acquiring its accreditation from PAGCOR (Philippine Amusement and Gaming Corporation) as an official Sports ... Read More »

LRWC’s Subsidiary Launches Remote Electronic Gaming System

September 21, 2021

LRWC’s Subsidiary Launches Remote Electronic Gaming System Total Gamezone Xtreme, Inc. (TGXI), a fully owned subsidiary of LRWC, officially launched its own electronic gaming system and remote gaming platform. As most businesses switch to a work from home scheme, and social distancing protocols being imposed due to the Covid-19 pandemic, LRWC also ... Read More »

LRWC Virtual Conference A Great Success

January 7, 2021

Leisure Resorts World Corporation (LRWC) gears up for 2021 with a year-ender conference dubbed Compliance for Business Continuity and Growth. Conducted via Zoom and attended by more than 160 participants from the central office as well as Area Managers and Branch Managers from different gaming sites across the country, the ... Read More »

LRWC Announces New Leaderships on December 18, 2020

December 29, 2020

MANILA, 17 DECEMBER 2020 – Leisure & Resorts World Corporation (LRWC) announced on Thursday, 17 December 2020, that it has hired Edward Cheung as President. Mr. Cheung will assume that role, replacing Eng Hun Chuah, and join the Board of Directors, effective same date. Mr. Cheung is an accomplished president who ... Read More »

Philippine Strategy 2016 Outlook: Less Flash, More Substance

January 19, 2016

PCOMP 2015 negative performance, should markedly improve for 2016 Reasons to be optimistic: govt spending will improve, corporate earnings slowdown in 2015 temporary – 2016 growth will resure, core earnings improving. Index target 7,600 (upside 16%) implies 15% corporate earnings growth and a 2017 Market PE of 15x (historical average). Not expensive. Top picks are in property: SMPH ... Read More »

Gaming Sector Outlook: Recovery in 2016 but with numerous threats

January 15, 2016

Industry GGR expected to grow 17.5% 2016 (vs 21.5% 2015) from foreign and local demand. Foreign arrivals est to grow 15%. Domestic consumer spending up 6.1% 9M2015 and will continue to grow. No new casino openings so demand growth of 17.6% will improve industry earnings. Industry consolidated net loss of P3B in 2015 should show net ... Read More »

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