Industry
March 22, 2023
PAGCOR Considers Privatizing Its Casinos
Alejandro Tengco, the chairman of the Philippine gambling regulator PAGCOR, has ambitious plans to privatize the PAGCOR casinos. If the authority proceeds with these plans, it will be able to dedicate all its efforts to regulatory affairs. Currently, the PAGCOR serves both as a regulator and operator. However, this dual purpose seems to be straining […]
Legal
March 10, 2023
PAGCOR Terminates Contract with Auditor That Provided Fake Documents
The Philippine Amusement and Gaming Corporation (PAGCOR), the body responsible for regulating gambling in the Philippines, is terminating the contract of one of its partners. As announced by the authority, it will no longer be working with Global ComRCI, a third-party POGO auditor. Global ComRCI was responsible for probing the businesses of Philippine Offshore Gaming […]
Industry
January 30, 2023
Ex-Senate Head Proposes Privatizing PAGCOR
Franklin Drilon, the former Philippines Senate Minority leader, has urged the government to consider privatizing PAGCOR and the Philippine Charity Sweepstakes Office (PCSO) as a way to finance the proposed Maharlika Investment Fund. Privatization Is Meant to Support the Proposed Maharlika Investment Fund The sovereign fund, if established, would see the Philippine government invest in […]
Industry
January 25, 2023
PAGCOR Answers Backlash and Commits to Nurturing POGO Industry
This comes after a Senate hearing on January 23, where PAGCOR was accused of failing to take sufficient action against offending POGOs and hiring an unlicensed company to audit POGO revenues and taxes. PAGCOR Sees POGO Industry as Beneficial to the Philippines’ Economy In an official statement released on January 24, PAGCOR addressed these accusations […]
Legal
January 24, 2023
PAGCOR Under Pressure for Working with Unlicensed Tax Auditor
In 2017, PAGCOR gave Global ComRCI a consultancy agreement worth PHP 26 billion ($477 million) for monitoring the revenues of licensed Philippine Offshore Gaming Operators (POGOs) and ensuring that they were paying the appropriate amount of tax. However, it has recently been exposed that Global ComRCI is not registered in the Philippines and did not […]
Sports
January 20, 2023
PAGCOR Contributes Another $4.7M to Philippine Sports Commission
The latest remittance of funds to the Philippine Sports Commission (PSC) demonstrates that the Philippines gaming regulator and operator, PAGCOR, is an important part of the economy and its ways work. PAGCOR Continues to Support Sports in the Philippines The regulator has been lambasted by numerous MPs and insiders of the government of President Bongbong […]
Industry
January 5, 2023
PAGCOR Reports 62% Increase in Self-Exclusion Requests Year-On-Year
The total number of self-inclusion requests for the whole of 2022 was 333, while the requests in 2021 were only 206. The 2022 number was the highest on record for the past four years. This is mainly due to the COVID restrictions that were in place for casinos during 2020 and 2021. 157 of the […]
Industry
December 30, 2022
PAGCOR Warns Consumers Not to Participate in Illegal Gambling
The regulator, which also operates casinos in the Philippines, insisted that the measure was needed so that players would avoid becoming the victims of scams or falling prey to identity theft, or credit card fraud. PAGCOR Continues to Raise Awareness for Responsible Gambling PAGCOR reminded players that gambling on such websites was a criminal act […]
Casino
November 24, 2022
Senator Calls for PAGCOR to Be Broken Up into Two
PAGCOR, the Philippines gaming regulator, has been under a lot of pressure recently, with the most recent attack coming from Senator Sherwin Gatchalian who has called for the restructuring of the watchdog. According to Gatchalian, the present model of operation constituted a conflict of interests, as PAGCOR runs and regulates both gambling activities in the […]
Industry
October 31, 2022
PAGCOR Continues to Defy Opposition and Posts Record Revenue
Amid calls to change the structure and reach of PAGCOR, the Philippines gaming regulator and gaming operator, the watchdog has been able to defy criticisms demonstrating, time and again, that it’s a force for good in the economy and that under its control, the gambling industry continues to be an important driver of revenue. While […]
