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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 …
So far there have been 28 casino kidnappings in Philippine casinos since the start of 2019. The trend has sparked outrage from Philippine President Rodrigo Duterte calling for the kidnappers to be caught dead or alive, preferably dead. At a launch event for the Golden Topper Group in Paranaque City, Duterte told the press that …
When asked if he would run for President of the Philippines one day, Pacquaio responded that he was not thinking about that right now, but he also did not rule the possibility out. One thing few outsiders know about Manny Pacquaio is his love for basketball. While most of the world has seen him throw …
President Rodrigo Duterte told the media last week that he does not plan on banning offshore gambling sites operating from the Philippines despite the request made by Chinese President Xi Jinping. Duterte told the Filipino people that despite his dislike for online gambling and gambling in general, he will not pose a ban on the …
The Philippine Police force has arrested 181 Illegal POGO workers in Cebu City for violating cybercrimes and gambling laws. The Xin Huang Jin Cheng Company operated out of a 12-story building in Lapu-Lapu City and were the target for the Philippine National Police-Criminal investigation raid. The Philippine National Police (PNP) and the Detection Group-Central Visayas …
The Anti-Money Laundering Council in the Philippines has decided to study what the impact of banning online gambling operators in the country would have on the country. Benjamin Diokno is head of the Council and has ordered his agency and the Philippines Central Bank financial stability team to research what would happen top the local …
President Rodrigo Duterte told media sources that he would not ban online gambling licenses in the Philippines despite China’s request. The meeting between Duterte and China’s President Xi Jinping has been anticipated for some time now. Last month, the China Embassy in the Philippines told media sources that online gambling was illegal in China and …