The regulator of the Philippines online gambling industry, Philippine Amusement and Gaming Corporation (PAGCOR) has warned for some time now that online operators could be leaving the country for greener pastures. Alex Gardner, director of Isle of Man-based Affinity Group confirmed this, noting an increase in inquiries from Philippine Offshore Gambling Operators.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.