Is Dowinn Group preparing for a comeback?

Jade Denosta July 25, 2024

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Is Dowinn Group preparing for a comeback?

Philippine junket operator Dowinn Group has reopened a few of its previously closed VIP gaming rooms, according to several local news reports. The reopenings come after the company abruptly shut down all its Philippine operations in June amid rumours of financial difficulties.

The group’s rooms at Okada Manila, City of Dreams Manila, and Clark’s Royce Hotel and Casino were reportedly open for business as of 19 July. It is understood that Dowinn is focusing on hiring new staff following a recent exodus of employees.

News sources claimed that a new group of investors facilitated the reopening. However, details on their origin and the amount invested remain unclear.

Previously, Dowinn operated the casino at Manila’s Heritage Hotel and Casino and VIP rooms at several other locations, including Solaire Resort, City of Dreams, D’Heights Resort, and Royce Hotel.

Dowinn’s sudden shutdown

The gambling industry was shaken when the operator’s issues began on 17 June, as Dowinn Group, a major casino operator, suddenly ceased operations, sparking rumours of the casino’s complete collapse.

Dowinn quickly issued a statement refuting these claims. It acknowledged the halt in operations but characterised it as a temporary measure to protect the valuable interests of its customers and shareholders. The company blamed the situation on “unjust external attacks and slander.”

Dowinn has vehemently denied experiencing any financial difficulties. However, they have not yet responded to the specific withdrawal issues raised by agents. The company expressed optimism about its future and originally planned to resume operations on 24 June. Nonetheless, they failed to do so and have not provided further updates.

The latest news reported was about the opening of its VIP rooms. However, there is yet to be an official confirmation from the company to verify the authenticity of this rumour.