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While the Philippines is home to one of the largest offshore gambling enterprises on the planet, its POGOs are closed to actual residents of the islands. This is not a great point of contention for local gamblers, at least under normal conditions. However, with the Philippines entering its fifth month of Metro Manila coronavirus lockdowns, …
As of right now, most retail gambling in the Philippines has been temporarily suspended. Per the government’s overarching coronavirus response, PAGCOR – the Philippine Amusement and Gaming Corporation – has shuttered all operations in the National Capital Region, or NCR. This includes all 16 NCR cities, and all forms of retail gambling have been put …
Ever since Philippine President Rodrigo Duterte met with Chinese President Xi Jinping in August of 2019, the Chinese President has pushed for online gambling reform in the Philippines. Xi asked President Duterte to suspend the PAGCOR Philippine Offshore Gambling Operator’s (POGO) licenses that he claims targets, Chinese bettors. After the meeting, President Duterte told media …
Over the span of the last few months, the Philippine government has started cracking down on illegal gambling operators working inside of the Philippines. In August of 2019, President Duterte met with Chinese President Xi Jinping to discuss foreign policy when the topic of offshore gambling came up. In China, online gambling is illegal, but …
In Tuguegarao, Philippines, two cops are facing legal trouble after they were allegedly caught drinking and gambling in Sta. Ana, this past weekend. Col. Ignacio Cumigad told reporters that Sgt. Fidel Aquio Jr. was caught at a cockfight arena in Barangay and that Cpl. Melvic Cris de Castro was caught abandoning his post when he …
This past Tuesday, Hong Kong’s Suncity Holdings Group released plans to open a casino/resort and enter the growing Philippine gambling market. Suncity has struck a deal to build a casino/resort in the Entertainment district of Manila. Suncity executives announced that they had acquired a majority stake in Suntrust home developers Inc. to build the resort …
A lawmaker in the Philippines recently proposing a new 5% tax increase for Philippine Offshore Gaming Operator (POGO) license holders. The proposed tax increase would add a 5% tax on revenue generated from offshore gaming. Representative Joey Salceda filled the bill in the PH House of Representatives on Wednesday, October 23rd, 2019. The bill seeks …
While speaking to the media during a press conference, the Philippine Amusement and Gaming Corporation (PAGCOR) chairman Andrea Domingo said the Philippines are not looking to benefit from the online gambling ban in Cambodia. After receiving pressure from China, the Cambodian Prime Minister Samdech Techo Hun Sen decided the country would ban all online gambling operators by …
Leechiu Property Consultants released a statement claiming that Philippine Offshore Gaming Operators (POGO) are now contributing more to the local Philippine economy than outsourcing companies, another PH big business. POGO operators now contribute nearly P551 Billion to the Philippine’s economy yearly. Salaries consume most of the income, but office rental and housing rentals also play …
While on a business trip to Singapore, the Philippine Central Bank Governor Benjamin Diokno told reporters that banning online gambling operators from the country would have little to no effect on the PH economy. Several weeks ago, Chinese President Xi Jinping told Philippine President Rodrigo Duterte that he needs to ban online gambling operators targeting …