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The Philippine Bureau of Internal Revenue (BIR) has requested the gaming regulator PAGCOR to require in-person registration before issuing a Phillippine Offshore Gaming Operator (POGO) license. The Philippine Amusement and Gaming Corporation has been regulating the gaming industry in the Philippines since 1976 when they were first commissioned by a Presidential Decree 1067-a to regulate …
Gambling revenue has been on the rise in the Philippines due in part to foreign high-rollers who travel and like to gamble in the Philippines. Despite greater competition from neighboring countries looking to cash in on gambling tourism, the Philippines are hoping to see an increase in gambling revenue for 2019 as well. The Philippine …
With the next big World Boxing Association (WBA) event drawing near, headlining fighters Adrian Broner and Manny Pacquiao are taking turns with their fight predictions, and to nobody’s surprise, both fighters are saying that they will knock the other fighter out. Pacquiao was first to make headlines when he said that he was looking for …
The Philippine National Bureau of Investigation (NBI) is reporting another shutdown of an alleged illegal casino operation. After receiving a tip and a warrant, the NBI swooped in on a Pampanga home and arrested 12 Chinese nationals that were working out of a residence. The group was operating without a license, a violation of Philippine …
Philippine property is seeing a lot of action lately thanks to Chinese gamblers. Online gambling operations within China’s are strictly prohibited, but the law does not prevent Chinese online gambling operators, who are located outside the country and located offshore, from offering services to rich mainlanders from Macau and all over China. In 2017, ₱9.68 …
The gambling business is booming in the Philippines. The Philippine Amusement and Gaming Corp. (Pagcor) announced this week the gross gaming revenue (GGR) from the country’s casino and gambling industry is projected to hit P192 billion before the end of 2018. Should the newly projected mark be hit, GGR – defined as the net difference …
Playtech’s parent company Montford Inc. is still the only RNG provider in the Philippines to earn accreditation via PAGCOR. Despite an opportunity to become accredited through PAGCOR’s Offshore Gaming Licensing Department, no other RNG software provider has applied for this. According to PAGCOR, POGO licensees can only offer RNG technology from companies which have gained …
President Rodrigo Duterte plans to remove gambling from the country whether its online or physical casinos. The Philippines gambling market may be reduced greatly after announcements arise by Philippine President Duterte who has shared his distaste for gambling since he took the executive position. In recent speeches, Duterte has adamantly affirmed intents to suppress online …
An online gambling site based in the Philippines has been shut down as a result of a long sting operation conducted by the Chinese police. Authorities in Jiangsu have arrested over 50 individuals in connection with this gambling operation that is projected to have dealt with approximately $1.1 billion in wagers over the past few …
The Philippines are an interesting place for looming casino developers. However, it may be difficult to build out new gambling locations given the fact that President Roger Duterte publicly denounced gambling at a recent event. He also ordered a $1.5 billion casino project to cease operations shortly after they broke ground. The news broke in …