Legal
April 14, 2020
Philippines to Sell PAGCOR to Fighting Coronavirus Pandemic
PAGCOR and PCSO might be sold by the Philippine government in order to help the country in the fight with the COVID-19 pandemic. Offer to Sell PAGCOR and PCSO Announced by Franklin Drilon The announcement came on Sunday, April 12 by senate minority leader Franklin Drilon. The government could benefit from some PHP300 billion per […]
Casino
April 10, 2020
Bloomberry Resorts Have Enough Cash to Weather the Storm
During these unprecedented times when the gambling industry is among the most impacted from the coronavirus due to the closure of land-based gaming facilities, Enrique Razon, Chairman and CEO of Manilla-based Bloomberry Resorts Corp, is one of the few that places human beings before businesses. The billionaire that ranked 565 in Forbes’ “World’s Billionaires List […]
Casino
April 8, 2020
Philippine Casinos Remain Closed through April 30 due to Quarantine
Philippine casinos will remain closed through April 30 after an extension of the quarantine was ordered by President Rodrigo Duterte. Lockdown in Philippines to be extended through April 30 Luzon in the Philippines remains on strict lockdown through April 30 due to COVID-19 outbreak in the country. The initial plan was to end the quarantine […]
Business
March 25, 2020
Philippine Gov. Aided by PAGCOR with PHP6bn to Help Fight COVID-19
The Philippine government will be aided by PAGCOR with an additional PHP6 billion to help contain the COVID-19 pandemic in the country. Additional Funds Released for the Philippine Government Earlier this month the Socio-Civic Projects Fund (SCPF) of the Office of the President of the Philippines received funding from The Philippine Amusement and Gaming Corporation […]
Business
March 21, 2020
PAGCOR Shuts Online Gaming to Fight Covid-19 Outbreak
The Philippines national gaming regulator has warned all iGaming operations to shut down activities by noon on March 21, 2020. The measure is part of the broader effort to bring the spreading of COVID-19 under control. PAGCOR Orders All Gambling, Including iGaming to Stop The Philippine Amusement and Gaming Corporation has issued a new ordinance […]
Casino
March 11, 2020
POGOs Represent Serious Threat Regarding Money Laundering
The Anti-Money Laundering Council /AMLC/ in the Philippines reported that POGOs and their service providers present vulnerabilities in terms of high money laundering risk. Cash Is Untraceable The financial intelligence unit in the country, the AMLC, based its conclusion that Philippine Offshore Gaming Operators /POGOs/ are too exposed to illegal money operations due to a […]
Casino
March 6, 2020
Philippine Senate Launches Inquiry Into POGO-Related Crime
The Philippine Senate received a video presentation on Thursday by residents of Multinational Village, a gated community in Paranaque City, south of Manila, that reported problems with Chinese nationals working for Philippine Offshore Gaming Operators /POGO/. Chinese Workers Cause Problems The complaint was presented to the Senate Committee on Accountability of Public Officers and Investigations, […]
Legal
February 24, 2020
China Government Cancels Passports Of Its Citizens Involved In Illegal Gambling
Passports of Chinese citizens working for online gambling companies in the Philippines have been cancelled by the Chinese government in its latest attempt to clamp down on illegal gambling that affects the country. Chinese Officials Step Up After the news that China has acquired a list of Chinese nationals that work for online gaming operators […]
Business
February 12, 2020
Philippines Gaming Revenue up by 11.7% in 2019
The gaming regulator in the Philippines, the Philippines Amusement and Gaming Corporation /PAGCOR/, has announced in their 2019 annual report that the gaming industry in the country generated PHP75.75 billion /$1.50 billion/. Beating Projections The 2019 number, compared to PHP67.85 billion in 2018, represents an 11.7% increase of the revenue on an annual base, beating […]
Business
January 4, 2020
POGOs Investigated by the Senate over Legislation Abuse and Security Threats
POGOs are going to be investigated by a Senate panel for hiring unregistered foreign workers, not paying taxes, and non-complying with immigration and labor laws. POGOs investigation will be the Senate’s priority throughout the next legislative session beginning Jan 20. A Senate Panel Will Investigate POGOs to Help Legislation The Philippine Offshore Gaming Operators (POGOs) industry […]