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PhilWeb profit down 22%, though revenue up from PIGO

Philippines-listed Philweb Corp recorded a 22 percent fall in net profit in 1Q22, despite a strong uptick in revenues from its PIGO operations.

Dialogue needed for PIGO industry development

Operators and service providers in the Philippines want more dialogue with the government over the taxation and regulation of domestic online gaming (PIGO) to help them better compete with rampant illegal gambling.
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PIGO industry warns high costs hinder ability to compete with illegal market [video]

The nascent PIGO market has enormous potential, but the high costs of doing business are hampering its ability to compete with illegal gambling operators, say three of the first movers in the field. In Asia Gaming Brief's Pop-Up Webinar, which was aired live on Monday, DFNN CEO Calvin Lim, PhilWeb President Brian Ng and Jade Entertainment CEO Joe Pisano tell us about the current state-of-play in the market and some of the challenges they have been facing.

Your Daily Asia Gaming eBrief: PIGOs seen as an industry life saver but costs curbing market potential

The Philippines generated a ripple of excitement in late 2020 announcing it would be the first and only jurisdiction in Asia to permit online gambling to its local population.

PIGOs seen as an industry life saver, but costs curbing market potential

The Philippines’ nascent domestic online gaming market has made a good start, but the market is challenging with high cost structures and other regulatory hurdles that may crimp industry potential if they go unaddressed. 

Your Daily Asia Gaming eBrief: All eyes on the Philippines’ PIGO scheme

Later this afternoon, we are running our highly-anticipated pop-up forum which is all about Philippines' remote gaming scheme, known as PIGO.

All eyes on Philippines’ PIGO scheme

Motivated by rampant illegal online gaming and a business environment challenged by the Covid-19 pandemic, the Philippines’ PIGO scheme, also known as the Philippines Inland Gaming Operator scheme, has evolved from a simple stop-gap for depressed revenue to becoming a significant driver of growth in its own right for traditional land-based gaming venues.

ASEAN 2022 Pop-Up Forum – Update on PIGOs

In association with the ASEAN Gaming Summit 2022, AGB is hosting an online "pop-up" Zoom webinar on 21st March 2022, aimed at discussing two key topics of interest to Asia's land-based and online gaming industry in 2021 and 2022.

Philippines PIGO sector accelerates, lead by eSabong

After a slow start, the Philippines’ domestic online gaming industry is beginning to gain momentum, helping to pad the Philippine Amusement and Gaming Corp’s (PAGCOR) Covid-depleted coffers.

BMM: PIGO opportunities in the Philippines

In Q1 2021, we saw the land-based markets in Southeast Asia begin to recover as gaming business activities and travel resumed in the region, says Jeffrey Fong, BMM’s vice president for business development in Asia.