Days before the Philippines midterm election Duterte backs off anti-gambling stance. In an impromptu campaign announcement supporting his fellow PDP-Laban party allies on May 11th, President Duterte announced backing off his strong anti-gambling stance. He was heard saying, “I cannot stop it anyway and I know I am lacking,” followed with “I will not meddle …
Gambling regulators in the Philippines are claiming success for regulating the online gambling industry after casino revenue spiked in 2018. The Philippine Amusement & Gaming Corporation (PAGCOR) recently released a statement confirming that offshore gaming providers have substantially increased revenue figures in the two years since the Filipino market opened up to offshore gaming operators. …
An illegal gambling den was raided at a Philippine immigration jail at the Bureau of Immigration (BI) near Manila. Philippine immigration operatives launched a surprise raid at a BI jail in Taguig after surveilling the BI Warden Facility for over two months. The raid resulted in cash seized in the amount of PHP130,000, credit cards, …
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 …