Good Morning: Under pressure. The Philippine gaming regulator PAGCOR is facing a tough challenge from opponents of offshore gaming operators, battling uphill to prove their worth amongst a spate of recent raids and arrests. A top lawyer breaks down how a full POGO ban could come about, and other opportunities the regulator is exploring. Meanwhile, in Macau, gross gaming revenue in the first 12 days reached $747 million, according to analysts at Citigroup.
What you need to know
- Lawyer Marie Antonette says PAGCOR is still under strong pressure to prove that it has the ability to supervise and regulate POGOs.
- Casino gross gaming revenue (GGR) in Macau reached $747 million in the first 12 days of November, according to estimates from Citigroup.
On the radar
- Ainsworth confirms reports that it is exploring privatization.
- Senator Gatchalian pushes review of tax IDs, says misuse facilitates illegal POGOs.
- Waterfront Philippines sees 80 percent drop in 3Q23 profit.
- MGS Entertainment Show returns for first in-person event in four years.
AGB Intelligence
PHILIPPINES
Pressure is on for PAGCOR re POGOs: Lawyer
A top industry lawyer says that the Philippine regulatory body PAGCOR is under pressure to prove that it can effectively oversee offshore gaming operators (POGOs/IGLs) even as calls for a total ban on the operators increase. This comes even as the operator is given more leeway to license additional gaming sites and continues to explore additional income streams.
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Industry Updates
- PAGCOR inaugurates 1st evacuation facility In Northern Samar.
- IGT PlayDigital partners with Microgame to expand iGaming in Italy.
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