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Industry
September 6, 2021
PAGCOR Shorted Almost $28 Million in POGO-based Fees and Dues
The Philippines has had a lot of difficulty due to the COVID-19 pandemic and hasn’t, until very recently, started to see limited signs of recovery. This has taken a toll on the country’s gaming industry, which also affects the amount of money the Philippines has to work with. The Philippine Amusement and Gaming Corp. (PAGCOR), […]
Business
August 17, 2021
PAGCOR Investigates Suncity Group Over Missing Player Deposits
Suncity Group may have tripped over itself. The junket operator, and backer of a multimillion-dollar resort project in the Philippines, is reportedly under investigation by the Philippines Amusement and Gaming Corp. (PAGCOR) after allegedly receiving complaints from some of Suncity’s customers that they haven’t been able to withdraw their funds. While delays and technical glitches […]
Legal
July 7, 2021
PAGCOR Splits Teams to Oversee Online and Land-Based Ops
The gambling regulator in the Philippines, PAGCOR, reportedly introduced a structural change to its teams. PAGCOR established a team that would monitor online gambling only. The regulator dedicated a separate team was tasked to supervise and monitor land-based operations. Gambling Watchdog Separates Teams to Online and Land-Based PAGCOR, the Philippine casino regulator and operator, established […]
Industry
May 6, 2021
Philippine Casinos on the Way to Economic Recovery
PAGCOR, the Philippine gambling regulator released data outlining gross gaming revenue for Q1 of 2021. GGR in Q1 of 2021 hit Php23.27 billion, which marks an increase of 17.5% when compared to Q4 2020. Licensed Casinos Mark Increase in GGR for Q1 2021 More than a year has passed since the start of the global […]
Casino
May 4, 2021
PAGCOR Issues Online Gaming Licenses to Three Resorts
The pandemic has prompted Philippines gambling regulator PAGCOR to expedite the transition towards online legal gaming hosted by the country’s leading casino resorts. Casino Resorts in the Philippines Turn to Online Gambling as Lifeline Philippines state-controlled Entertainment City integrated resort operators have launched online casinos as the country continues to battle a raging COVID-19 pandemic which has […]
Casino
April 29, 2021
PAGCOR Off to a Slow Start as Profit Remains Low in the First Quarter
While other areas of the world have seen significant improvements in the COVID-19 fight, the Philippines haven’t been as lucky. The country hasn’t been able to free itself from the grasp of the coronavirus, which forced the government to issue new quarantine restrictions at the end of last month. These restrictions affected casino operators in […]
Casino
January 4, 2021
PAGCOR Pays $354m in 2020 to Help with Covid-19 Relief Efforts
PAGCOR contributed $354 million to the Bureau of the Treasury in a bid to bolster Covid-19 relief efforts in 2020. PAGCOR Continues to Help in Covid-19 Relief Efforts The Philippines gaming regulator (PAGCOR) has played a key role in offsetting the economic impact the Covid-19 pandemic has inflicted on the country, remitting an estimated $354 […]
Casino
December 20, 2020
Philippines’ Gaming Industry to Revive with E-cockfights and Online Gambling
The Philippines plan to revive its gambling industry by attracting foreign operators, allowing betting for locals, and providing new services such as horse racing and cockfighting. The Philippines Revives Economy with More Online Gambling and Betting The Philippines is moving towards introducing online gambling for local operators, expanding overseas, and coining new gambling products such […]
Business
November 25, 2020
Philippine Gross Gaming Revenue Increases by 600% in Q3 2020
In the third quarter of 2020, PAGCOR’s GGR increased significantly when compared to Q2 2020. However, a year-on-year comparison for Q3 reveals a decrease of 70% in gaming revenue. PAGCOR Q3 GGR Increases from Q2 2020 Earlier this week, the Philippine Amusement and Gaming Corporation (PAGCOR) revealed the latest numbers outlining the gross gaming revenue […]
Industry
November 24, 2020
PAGCOR to Spend $41.5m to Build 32 Typhoon Shelters
The Philippine’s gaming regulator and operator, PAGCOR, has allocated $41.5 million to building 32 shelters across the country to help one million displaced individuals due to typhoons. PAGCOR Steps in to Help with Typhoon Relief Efforts The Philippine Amusement and Gaming Corp (PAGCOR) continues to be a benevolent entity in the country’s public life, with […]