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Industry
June 28, 2023
Philippine GGR to Grow by 15% a Year, Analysts Predict
Maybank Securities experts are optimistic about the future of the Philippine gaming industry, Inside Asian Gaming reported. According to Maybank analysts, the Philippines will see GGR grow by 15% a year over the medium term. The growth, analysts Miguel Sevidal and Alexa Mae Carvajal will be delivered by the high domestic demand, which has already […]
Casino
June 21, 2023
Melco Resorts Upped to Outperform by Credit Suisse
Developer, owner and operator of integrated casino resorts in Asia and Europe, Melco Resorts & Entertainment, has seen its rating upped from Neutral to Outperform by Credit Suisse. Summer Holidays and Chinese Policy Credit Suisse said in its report that summer holidays and developments around Chinese policy were behind the decision to raise the rating […]
Casino
June 19, 2023
PAGCOR Cautions Public about False POGO Advertisement
PAGCOR has clarified that the matter concerned not so much gambling as much as it did job postings and advertisements promising excellent salaries and working conditions. According to the regulator, those ads were the work of “unscrupulous groups” involved in human-trafficking and crypto scams. Beware of Fake POGO Job Postings, Says PAGCOR POGOs have been […]
Legal
June 14, 2023
Philippines Conducts 41,000 Illegal Gambling Arrests in 2023
A total of 50,000 police operations have been conducted nationwide since the beginning of the year, said Philippine National Police (PNP) chief general Benjamin Acorda Jr, cited by the Philippine News Agency. Acorda Jr offered a detailed overview of the efforts that have been put in negating the pernicious influence of illegal gambling and said […]
Legal
June 13, 2023
Clark Development County Stops POGOs from Registering in the Freeport Zone
Known as POGOs, several illegal operators were recently embroiled in a controversy that saw an offshore gaming hub in Sun Valley Clark shut down. The allegations levied against the operators based there ranged from human trafficking to illegal gambling, with the Philippines recently involved in an international scandal. CDC Takes Issue with New POGOs Criminals […]
Industry
June 5, 2023
PAGCOR Slams Illegal Gambling in the Wake of Maryland License Plate Scandal
The Philippine Amusement and Gaming Corporation (PAGCOR) has addressed a recent issue related to a problematic Philippine gambling website that appears on car license plates in Maryland. The site in question is www.starsprangled200.org and was originally a site belonging to a non-profit organization that commemorated 200 years from the War of 1812. At that time, […]
Casino
May 31, 2023
Velvix Sets Sights on Asian Market with Vietnam and Philippines
The company has teamed up with Jade Gaming, a company operating out of the Philippines. This deal is now part of Velvix’s overall strategy to grow its presence in the country’s market, but also expand to Vietnam. Velvix Determined to Grow Footprint in Asia Velvix is seeing the two countries as an important part of […]
Legal
May 18, 2023
PAGCOR Warns Operators Following Recent CGC Technologies Raid
The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a “stern warning” to its offshore licensees and accredited service providers, asking them to comply with the local rules. The body’s chair and chief executive officer, Alejandro Tengco, addressed gambling companies in the country, reminding them that they are legally obliged to operate within the bounds […]
Industry
April 11, 2023
Philippine Proposal Calls to Designate Zones for POGOs
Much has been said about the Philippine Offshore Gaming Operators (POGOs) recently and a proposal last month even called to end those activities. This came in light of allegations about crimes related to POGOs and calls for tough regulation if those operators are allowed to continue to operate. Now, the chairman of the Senate Public […]
Industry
March 27, 2023
Calls to Shut Down POGOs Highlight Need for Stronger Gambling Regulation
ASGAM reported that the move is aimed at addressing concerns about tax avoidance and crime related to offshore gaming. Senator Gatchalian Calls for New Regulatory Body to Oversee Philippine Gambling Sector Senator Sherwin Gatchalian, who chairs the Philippines Senate’s Committee on Ways and Means, has called for the establishment of a new regulatory body to […]