Good morning. Goodbye to POGOs. At least that was the tone of the Philippine President when he announced that offshore gaming operations overseen by PAGCOR should be banned by the end of the year. A legal expert points out how this could cause a refocus on onshore gaming. But questions remain as to whether forms of offshore will continue, particularly outside PAGCOR’s purview. Meanwhile, Macau operators continue their market share dance, with expectations for continual adjustments throughout this and next year, despite few surprises anticipated from the soon-to-be-released 2Q24 results.
What you need to know
- Legal expert suggests that the Philippines’ POGO ban will redirect PAGCOR’s regulatory focus to onshore gaming activities.
- The market share of Macau gaming operators is expected to continue to shift through FY24 and FY25, but 2Q24 shouldn’t hold many surprises.
On the radar
- Entain appoints former Games Global Chair Gavin Isaacs to CEO.
- Dowinn Group reopens all VIP rooms, but majority record no activity.
- Look inside Macau’s failed ultra-luxury hotel The 13 after its ‘reopening’.
- Macau’s visitor arrivals surge 43.6% in 1H24.
AGB Intelligence
PHILIPPINES
POGO ban to redirect PAGCOR to onshore gaming
A legal gaming expert based in the Philippines is expecting the recent news that Philippine Offshore Gaming Operators (POGOs) are going to be banned by the end of the year will cause the nation’s gaming regulator to refocus its efforts on onshore gaming. The announcement yesterday by the Philippine President has also raised many concerns over whether there’s any future for offshore gaming, possibly in jurisdictions not overseen by PAGCOR.
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