Good morning. PAGCOR’s Chairman has pledged to eliminate possible conflicts of interest by privatizing its Casino Filipino-operated properties but has doubled down on the country’s need for POGOs, as long as they’re licensed and comply with PAGCOR mandates. Also in the online space, experts note that there can’t be a one-size-fits-all approach to operations, with operators needing to tailor their product for each country.
What you need to know
- PAGCOR Chairman: need to privatize self-operated casinos to eliminate conflict of interest, POGOs still vital for Philippine economy.
- Asian online gaming is not a one-size-fits-all, with incoming operators needing to customize product to fit each market: experts.
On the radar
- Let’s Win Group club officially opens at Hoiana Resort & Golf.
- Crown investigating data breach via third-party transfer service.
- Chinese police further cracking down on gambling-related cases.
- Macau’s mainland China visitor arrivals reach 50% of 2019 levels.
- PH SEC signs data-sharing agreement with PAGCOR.
AGB Intelligence
PAGCOR
PAGCOR Chairman: privatize casinos but maintain POGOs
PAGCOR’s new Chairman and CEO has told AGB that the operator is planning to eliminate any possible conflict of interest by privatizing the casinos it operates under its Casino Filipino brand. Alejandro H. Tengco also notes that, despite pushes to eliminate offshore gaming operators (POGOs), he is steadfast in allowing licensed firms to continue to operate, given their strong contributions to the economy.
Corporate Spotlight
Continent 8 Technologies: The industry’s trusted infrastructure partner celebrates 25 years of reliable innovation at ASEAN 2023
Continent 8 Technologies is an award-winning, multi-jurisdictional, global network solutions provider that connects, manages, and secures a company’s most valuable information. This year the company celebrates 25 years of reliable innovation, supporting customers’ operations and global growth since 1998 through cutting-edge technology.
Industry Updates
- ODDS Group celebrates strong ICE 2023 results.
- Yggdrasil obtains Swedish supplier license.
MEMBERSHIP | MAGAZINE | ASEAN | CAREERS
