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Daily Asia Gaming eBrief: Fee reduction to help POGO market revamp – Winn Tech COO

Good Morning. A move in the right direction. Andy Jeon, COO of Winn Tech, believes the lowered fee enhances POGOs’ competitiveness against both land-based casinos and the grey market, which often faces lower taxes. In an interview with AGB, Jeon considered that this reduction aligns with PAGCOR’s goal to cleanse the market and incentivize black market players to legitimize themselves. Meanwhile, Genting Singapore dismissed any impact on its business by the warning issued by Chinese authorities for the country’s citizens to avoid gaming in the city-state. As for Macau, the city’s Legislative Assembly unanimously approved a new gaming credit legislation allowing only gaming operators to extend chips to gamblers as credit.

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Winn Tech COO: Fee reduction will help POGO market cleanse

The lowered licensing fee enhances POGOs’ competitiveness against land-based casinos and the grey market, which often pays less in taxes, Andy Jeon, COO of Winn Tech said in an interview with AGB. This reduction supports PAGCOR’s goal of incentivizing black market operators to legitimize themselves, with revised regulations for Internet Gaming Licenses said to strengthen due diligence and compliance checks, emphasizing integrity in online gaming.

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AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.