The Philippine Sports Commission (PSC) has received a financial boost as it received an additional remittance from the Philippine Amusements and Gaming Corporation (PAGCOR) that it hopes to use to fund the anticipated return to training by its Tokyo-bound athletes and other Olympic hopefuls.
PSC gets P25M aid from PAGCOR (PhilStar)
The Covid-19 crisis has rekindled debate over the potential privatisation of the Philippine Amusement and Gaming Corp (PAGCOR) casinos to raise funds to fight the pandemic.
PAGCOR said it can issue appropriate regulations to license and legitimize cockfights streamed online as part of efforts to obtain much-needed funds for the government.
Philippine Offshore Gaming License Operators (POGOs) have been given ample opportunity to settle their obligations to the government, though some have chosen to close down because of the impact of Covid-19 on their business, the regulator said.
The Philippines market regulator may be considering regulation to allow local Filipinos to gamble online to make up for plummeting revenue from the country’s legal gambling outlets, according to industry sources.
The Philippine government’s target to double revenue from online gambling looks to be on shaky ground, as only half the operators have resumed business following Covid-19 and other licensing jurisdictions look to benefit from the fallout.
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.
Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
Gross gaming revenue amongst Philippines’ land-based casinos fell 13.6 percent in 20Q1, down to P45.4 billion ($910.8 million), according to data from the country’s gaming regulator. Casinos from Entertainment City, which produce the bulk of Philippine casino GGR, saw a 16 percent fall in GGR compared to that of 2019. With respect to gaming segments, […]
The Philippine Amusement and Gaming Corporation (PAGCOR) has warned that more gaming firms could close down as a result of stringent tax rules and worsening business conditions as a result of the COVID-19 pandemic, local media reports. Pagcor chairman Andrea Domingo made the comment after the exodus of several POGO gaming firms, including the online […]
PAGCOR Chairman and CEO Andrea Domingo on Tuesday said she hopes to see gaming operations reopen gradually from the beginning of June. The chairwoman was speaking through a digitally delivered keynote session as part of ICE Asia Digital 2020. “In the Philippines, we are suffering as much as everybody else. [Perhaps] to a lesser degree […]