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Casino
September 29, 2022
Arrests for Illegal Gambling Not Tied to POGO, Claims PAGCOR
The Philippine Amusement and Gaming Corporation, PAGCOR, released a new statement in light of the recently reported rise in crimes believed to be related to Philippine Offshore Gaming Operators (POGO). Operators without License Aren’t Automatically POGO PAGCOR’s statement was released on Thursday and points out that the recent arrests of Chinese and foreign nationals that were reportedly involved […]
Casino
September 9, 2022
Court Denies Okada’s Appeal against PAGCOR
Japanese billionaire and founder of the Okada Manila Casino Resort Kazuo Okada is not giving up on the fight over the control of the resort that easily. Okada recently made an attempt to block the decision by the Philippine Amusement and Gaming Corporation (PAGCOR) to reinstate the board of directors of the resort’s operator Tiger […]
Casino
September 7, 2022
TRAL Regains Control Over Okada Manila Following PAGCOR Order
On September 2, Philippine Amusement and Gaming Corporation (PAGCOR) ordered the group led by Japanese billionaire Kazuo Okada to surrender the Okada Manila Casino Resort back to The Tiger Resort Asia Limited (TRAL), the legal owner of the casino’s operator Tiger Resort, Leisure and Entertainment Inc (TRLEI). TRAL Regains Control Over Okada Manila Following an […]
Industry
September 1, 2022
New PAGCOR Chief Suggests Privatization of State-Owned Casinos
The new CEO and chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro Tengco, has suggested that he will be considering the privatization of the state-owned casinos in the Philippines. New PAGCOR Chief Voices Ideas Regarding Casino Privatization The freshly appointed PAGCOR head, Tengco, has made comments that PAGCOR will reconsider its current function […]
Business
August 29, 2022
PAGCOR Casinos May Be Up for Sale Under BBM
The presidential elections in the Philippines earlier this year resulted in the appointment of Bongbong “BBM” Marcos, a scion of Ferdinand Marcos Sr., a former president, and Imelda Romualdez Marcos, a former first lady. While his family is linked to profligate spending that was largely seen as one of the reasons why the Philippines ended […]
Industry
August 1, 2022
PAGCOR Shares H1 2022 Financial Report, Revenue Reaches $481.9M
The Philippine Amusement and Gaming Corporation (PAGCOR), has posted a financial report for the first half of 2022 and the data states that its YoY revenue has increased by 68.11%. In the period between January and June 2022, the total reported revenue reached P26.70 billion ($481.9 million). PAGCOR’s Revenue Even Exceeded the Original Expectations Originally, […]
Industry
July 26, 2022
PAGCOR Opened an Evacuation Center in Laguna
The Philippine Amusement and Gaming Corporation (PAGCOR) has demonstrated its commitment to the safety of Philippine citizens by opening a new multi-purpose evacuation center. The new establishment will shelter people in times of disaster and provide them with all the necessities they might need. PAGCOR’s New Facility Is Well-Equipped PAGCOR officially opened the new evacuation […]
Casino
July 13, 2022
PAGCOR’s New Guidelines on Junkets Call for Enhanced Due Diligence
The Philippine Amusement and Gaming Corporation or PAGCOR is toughening up its stance on the way junket operators can run their business and associate themselves with gambling businesses in the country. A new set of guidelines published on Monday sheds light on the do’s and don’ts of what land-based businesses may do when seeking to […]
Industry
June 30, 2022
PAGCOR Collected Record Profits for the Past Six Years
The Philippines gambling watchdog, the Philippine Amusement and Gaming Corporation (PAGCOR), has collected aggregated profits of over PHP300 billion ($5.5 billion) for the six-year period during which Andrea Domingo headed the regulator. Record Gambling Revenue for PAGCOR In a press release issued on June 29, chairman and CEO of PAGCOR Andrea Domingo shared the financial […]
Casino
June 23, 2022
PAGCOR Still Trying to Collect $42.7M from POGOs
The goal of PAGCOR, the Philippines’ gaming regulator, has always been to raise sufficient funds to pour back into various social programs. Now, though, a new audit indicates that the watchdog may have not collected as much as PHP2.33 billion ($42.7 million) from Philippine Offshore Gaming Operators (POGOs) over the past five years. PAGCOR Still […]