Philippines

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders.

 

 

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders. One supplier told AGB on condition of anonymity that innovation in the payments space "remains a thorny issue", adding that while operators don’t want to lose customers, the need to adhere to strict AML requirements tends to take precedence.



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State-run Philippine Amusement and Gaming Corp. (Pagcor) has reiterated its authority in granting offshore gaming licenses in the country.

Philippines-based Meridien Vista Gaming Corp. (MVGC) has been asked to immediately stop its numbers game operations.

The Philippines House of Representatives has moved closer to including casinos as part of its Anti-Money Laundering Act (AMLA).

Universal Entertainment Chairman Kazuo Okada predicts the Philippine gaming market will soon overtake Singapore, making it the second-biggest casino market in Asia.

The Casablanca Casino in Clark Freeport Zone has reportedly shut down operations Friday after its operators failed to meet escrow requirements.

Philippine Amusement and Gaming Corporation (Pagcor)’s authority over online gambling has been pulled into another round of questioning by Sen. Francis Escudero.

The Philippine Charity Sweepstakes Office (PCSO) is in talks with the Philippine National Police (PNP) to step up a task force aimed at tackling illegal gambling.

Melco Crown (Philippines) Resorts is looking to drop “Crown” from its name as part of a corporate rebranding.

State-owned Philippines Amusement and Gaming Corporation (PAGCOR) on Tuesday reported net income of P4.5 billion (US$89.7 million) for the full year 2016, up 18.1 percent year-on-year.

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