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 …
The 2018 World Cup is well underway, and many sports betting fans are getting in on the action around the world. So far, the World Cup has produced some thrillers and upsets that have left many fans scratching their heads while other fans are celebrating in the streets. “No one could have predicted this” one …
Rumor had it that a number of new commercial developments and casinos would be built and operational within the Philippines by next year. However, Philippine President Duterte has declared Boracay, a large tourism investment zone, into a land reform area. This has cast a large shadow of doubt over previously approved casino projects by PAGCOR …
Philippine President Duterte is investigating and firing all individuals in public office positions who have been accused of and participated in extortion and feeding into government corruption. President Duterte’s axing of crooked individuals comes as no surprise for the current Philippine President promised to curb government corruption as part of his presidential campaign. Many of …
At the close of the 2018 first quarter of the year, the Philippine Amusement and Gaming Corporation is reporting that net income is down across the board. Government data is showing a drop of revenue for the first time in recent years. Reports are indicating that the overall net income growth is slower than last …
A cryptocurrency is a form of digital currency that exploded onto the world market in 2017 and into 2018. While it does have earlier beginnings, most people were first introduced to the newest unregulated monetary form in 2017. A lot of people were skeptical at first and some still are. There is still a lot …