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“The situation has arisen due to the unjust defamation by external forces, and we will pursue civil and criminal charges to hold those responsible accountable. We have established a dedicated legal team to thoroughly address this issue.” - Dowinn Group, 2024

The gambling industry was shaken by the sudden collapse of Dowinn Group, a major casino operator in the , on the evening of 17 June 2024. Since then, reports of the company's total collapse have circulated in the industry, but these were immediately refuted in their released statement. 

Halt in operations and allegations 

The issue emerged after Dowinn agents attempted and failed to withdraw funds from the company's accounts at and . The company confirmed that they had initiated an emergency cease in their operations that same night across all their casinos and VIP facilities, claiming it was to safeguard the interests of their stakeholders. 

Allegations against the company intensified as news surfaced about their managers and some cage staff leaving the Philippines to return to their home countries amid reports of Dowinn experiencing asset exhaustion. 

The operators of Dowinn also claimed to be unaware of the company's current situation and are awaiting updates from management. 

Dowinn’s response 

When the company issued a statement in response to the allegation, they strongly claimed to be facing "malicious attacks from external forces". They made their intention of suing those responsible for it clear.

Apart from their claims of being attacked, the company has remained quiet about the withdrawal issues their agents had experienced.

Dowinn announced that operations at all their branches and clubs will resume at 2 pm on 24 June 2024. 

The company reassured their supporters that despite the crisis the company is facing, opportunities for growth remain available. 

Dowinn Group entered the Philippine market in 2023 as a Midas Hotel and Casino partner in . With over 15 years of experience in the gaming industry, the company has garnered a large base of players, primarily from Korea and other Southeast regions.

Stay in the loop with the latest updates and news about the upcoming summit powered by Soft2Bet, which will take place in Budapest from 2-4 September 2024.

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