Philippines

Philippine gaming regulators are bracing for a new challenge now that they’re planning to assume oversight of the nation’s online gambling industry.

 

 

Philippine gaming regulators are bracing for a new challenge now that they’re planning to assume oversight of the nation’s online gambling industry. The Philippine Amusement and Gaming Corporation (PAGCOR) plans to issue its first batch of online gambling licenses by the end of October, one month after the regulator announced plans to license PAGCOR ‘offshore’ gambling operators (POGO).



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Philippine President Rodrigo Duterte has made a series of pronouncements since his inauguration in June that have shaken the established order in the Philippines, including rejecting long-term ally, the U.S., in favor of closer ties with China.

 

 

Philippine President Rodrigo Duterte has made a series of pronouncements since his inauguration in June that have shaken the established order in the Philippines, including rejecting long-term ally, the U.S., in favor of closer ties with China. The gaming sector hasn’t escaped his reach, with a crusade, since reversed, against online gaming companies and a call for The Philippine Amusement and Gaming Corp. (PAGCOR) to shed its casino assets and focus on its role as a regulator.



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State-owned gaming regulator Philippine Amusement and Gaming Corp (Pagcor) reported net income of P3.2 billion (US$66.2 million) for the nine months ended September 30, 2016.

Former Philippine Charity Sweepstakes Office (PCSO) chairman Erineo "Ayong" Maliksi and 10 others have been charged with graft and breach of ethical conduct in connection with a drop of lotto revenues from 2012 to 2015.

Former Philippine Amusement and Gaming Corporation (Pagcor) chairman Cristino Naguiat and nine other former officials are facing plunder and graft charges for allegedly entering into a fraudulent agreement for a “nonexistent” property last year.

China and the Philippines have signed an agreement to boost tourism-related travel between both countries and encourage investment in tourism.

After struggling for a generation to make serious headway in Asia’s online markets, a new breed of random number generator (RNG) game is finally surmounting a number of issues which had previously stalled the growth of online slots. 

After struggling for a generation to make serious headway in Asia’s online markets, a new breed of random number generator (RNG) game is finally surmounting a number of issues which had previously stalled the growth of online slots. However, this might finally be changing as technology, demographics and better game design make slots a viable proposition.



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Philippines is set to roll out a nationwide public smoking ban as early as next month.

The dramatic slump in Asia’s VIP revenue over the past two years has forced operators to trim costs and diversify income sources to plug the gap. While much of the focus has been on boosting non-gaming and tapping into the mass market, companies have also been looking at ways of unlocking shareholder value through monetizing extensive fixed assets. 

 

The dramatic slump in Asia’s VIP revenue over the past two years has forced operators to trim costs and diversify income sources to plug the gap. While much of the focus has been on boosting non-gaming and tapping into the mass market, companies have also been looking at ways of unlocking shareholder value through monetizing extensive fixed assets. From real estate spinoffs, to timeshares and outright sales, many options are being considered. 

 



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Philippines-listed Philweb Corp says it has applied for a renewal of its license to operate e-Games cafes, with its executives reportedly meeting with Pagcor officials on Wednesday.

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