Friday, March 29, 2024

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188BET moves its license and operations from Europe to the Philippines

Online gambling giant 188BET is shutting down its Isle of Man operations and moving its license back under the jurisdiction of the Philippines.

PAGCOR staff see salaries aligned with other government organizations

The Philippine Amusement and Gaming Corporation (PAGCOR) is adjusting salaries for its employees under a new system and following a lengthy delay.

Under the Scope: Emerald Bay financing issues 

Funding issues have plagued PH Resorts’ Emerald Bay project, suffering another setback as its most recent investor, AppleOne, has pulled out. In this week’s Under the Scope, IGamiX Managing Partner Ben Lee points out how politics trumped business acumen, with banks holding all the cards.

Philippine officially lifts state of public health emergency

Philippine president Ferdinand R. Marcos Jr. has formally lifted the state of public health emergency declared due to COVID.

Shin Hwa gives up Philippines IR plan as it loses provisional gaming license

Hong Kong-listed Shin Hwa World says it has decided not to "seek further extension" for the provision of a remedy by the Philippines' gaming regulator (that became due on 30 June 2023), meaning that the company will lose its provisional casino license in the Philippines.

Shin Hwa World drops 2022 loss to $27.6 million, even as gaming revenue fails to rise significantly

South Korean gaming operator Shin Hwa World has announced that it was successful in narrowing its loss for last year, registering a HK$216.91 million ($27.63 million) loss, as compared to a HK$1.05 billion ($134.4 million) loss in 2021.

PAGCOR stands by POGOs, promising to engage third-party auditor

Philippine gaming regulator PAGCOR has reiterated his position to keep the country’s POGO (Philippine Offshore Gaming Operators) industry, while also pledging to clean up the sector, even as the chair of the Senate Committee of Ways and Means aims to take it down.

Leisure and Resorts World Corp changes name to DigiPlus Interactive

Leisure and Resorts World Corp has announced that it has changed its name to DigiPlus Interactive Corp, effective on February 28th.

Only 26 POGOs in operational in the Philippines: PAGCOR

The number of licensed offshore gaming operators (POGOs) in the Philippines has fallen to 35, with only 26 of those currently operational, Philippines Amusement and Gaming Corp. (PAGCOR) executive Victor Padilla said.

ASEAN 2022 returns as Philippines GGR poised for strong recovery

It’s just a week now until the ASEAN Gaming Summit returns to the Philippines, which is expected to be one of Asia’s top performing jurisdictions with forecast gross gambling revenue of PHP65 billion ($1.15 billion).Â