Wednesday, July 24, 2024

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POGO ban shifts regulatory focus to onshore gaming activities: expert

Significant questions have arisen over the future of non-PAGCOR regulated offshore gaming operators and PIGOs, following the Philippine President's announcement that all POGOs must shutter by the end of the year.

PAGCOR Chairman against total ban of online gaming

The Chairman of the Philippines’ gaming regulator (PAGCOR) has told a Senate committee that he is against newly proposed bills aiming to completely ban online gaming sites (POGOs).

Daily Asia Gaming eBrief: Smart tables boost Macau’s role as #1 market

Gaming veteran Graeme Croft says that Macau will continue to be the number one gaming market, even as the Philippines rises and Singapore continues to perform well. The introduction of smart tables, with MGM leading the way, adds huge value, due to data processing, while operators continually have to reorganize the gaming floors to fit the changing demographics and desires.

Daily Asia Gaming eBrief: Vanuatu launches new eGaming regulatory framework

Vanuatu is entering a new era, with its sun-kissed shores now calling out to eGaming operators hoping to expand their licensing capabilities and reach new markets. The updated framework offers significant advantages to companies, shining brighter than other competing jurisdictions.

PAGCOR’s offshore gaming revenue surge praised

The Chairperson of the Philippines House Ways and Means Committee has commended PAGCOR for collecting some $87.1 million in revenue from offshore gaming licensees (IGLs) in 2023, a 71 percent increase from 2023.

Daily Asia Gaming eBrief: PAGCOR Chairman doesn’t want police powers

No need for "more teeth". That's what PAGCOR's Chairman says about suggestions that the regulator should have police powers in order to go after bad actors in the offshore gaming space. Alejandro Tengco says the increase would only distract from its licensing and regulatory roles.

PAGCOR issues 40 licenses to offshore gaming operators (IGLs)

The Philippine Amusement and Gaming Corp. (PAGCOR) has issued a total of 40 licenses to offshore gaming operators or internet gaming licensees (IGL).

Daily Asia Gaming eBrief: POGO ban wouldn’t cause property market crisis

POGO operators still comprise some 20 percent of the office space transactions in Metro Manila, despite a drop in demand amongst ongoing changes to the online space. Real estate group Colliers notes that there has been "no significant effect on the overall office market".

POGO ban could negatively impact businesses, employment, and real estate in the Philippines: Economist

The recently announced POGO ban could negatively impact sales, earnings, and stock prices of businesses reliant on the industry, while reducing employment, demand for real estate, and sales for retailers and other businesses in the sector supply chain, economists told AGB.

Philippines labor department cracks down on foreign workers after POGO raids

The Philippine Department of Labor and Employment (DOLE) has vowed to tighten its screening of foreigners applying for Alien Employment Permits (AEPs) to work in the country.