Tag: Philippines

Duterte says yes to betting on Boracay

Boracay Duterte says yes to betting
In a twin turn-around for the Philippine president Rodrigo Duterte, gambling is to be legalised on one of the archipelago’s most-prized assets.

POGO’s set for tax hike after presidential intervention

Philippines tax Rodrigo Duterte
Despite heavy opposition, the Philippines’ president, Rodrigo Duterte, urges lawmakers to rush through a bill to add taxes to the online gambling sector and its employees - in a bid for billions in extra tax pesos that could fund the covid recovery.

Goldman Sachs: China, Japan, Korea to drive Asian gaming this decade

Asian Gaming Goldman Sachs Japan IR Forum
Just three markets – China, Japan and South Korea – will comprise 80 percent of all Asian gaming revenues in the coming years, according to Goldman Sachs Managing Director, Simon Cheung.

Philippines throws bones to gambling operators with host of open policies

Philippines regulatory relief
With covid eroding casino sales and government revenues, Philippine lawmakers have greenlighted emergency liberalisation of the gambling market. Land-based casinos will now be able to target local players via mobile - while the often-criticised offshore operators are given novel betting categories to attract a more western clientele.

Philippines bids POGOs resume to shore up coffers

Philippines regulator gambling sector Andrea Domingo
The Philippines’ regulator has cleared its offshore online gambling sector for a partial return to operations - in an effort to generate more taxes for fighting the covid pandemic

Duterte shields POGOs from mounting critics, for now

Philippines Rodrigo Duterte
Philippine president Rodrigo Duterte has stepped between offshore operators and their mounting chorus of critics - offering a temporary reassurance of their right to remain in business

POGO-linked sex trafficking renews calls for tighter rules

Philippines Risa Hontiveros POGO licencing offshore operators
Offshore operators in the Philippines are to face tighter scrutiny after a senate committee heard cases of sex trafficking linked to the sector.

Philippines committee passes POGO tax despite regulator warnings

Philippines POGO tax
A Philippine House Ways and Means Committee has passed the proposed five percent tax on offshore gaming income, after the regulator warned it could..

Philippines offshore firms under fresh scrutiny over Chinese labour

Philippines Chinese labour scrutiny
The issue of illegal Chinese immigrants working in droves across the Philippines online casino sector is once again attracting the attention of authorities.

Philippines continues foreign labour crackdown

Philippines foreign labour crackdown
Following the March request by the Philippines finance secretary for a full list of foreign labour in POGOs, the government has expressed concerns..

Philippine Senate promises crackdown on illegal online operator workforce

PHILIPPINES, Senate Committee on Labour, pagcor
The Philippine Senate Committee on Labour has begun an investigation into the number of Chinese nationals working illegally in the country’s online gambling industry. Chairman of the committee Senator Joel Villanueva stated that the review

Pagcor predicts “dire consequences” for illegal operators in licensing crackdown

IGT 170 DPS JURISDICTIONS PAGCOR
Pagcor has vowed to intensify its prosecution of illegal online operators, following 170 raids on unlicensed premises over the last year. The Philippines regulatory body stated that offshore operators offering services without a POGO license could face…

Duterte finally throws his chips out of the pram, stating “I hate gambling.”

IGT 168 JURISDICTIONS PHILIPPINES
Philippines president Rodrigo Duterte has claimed he “hates gambling,” following a string of temperamental statements designed to derail industry developments made by international investors and the government’s own regulatory body. Controversial…

Ortiz Gaming outperforms in Philippines video bingo sector

ICR-188-G2EASIAREVIEW-ORTIZ
Fabio Moretti, Director of Sales and Marketing at Ortiz Gaming explains that the future is looking bright for the company in the Philippines market. International Casino Review: From Ortiz Gaming's perspective what makes the Asia-Pacific market…

Lotus Gaming on ‘transcending the ordinary’ live casino experience

With the emerging demand of online casino services, Lotus Gaming has opened its doors to the Southeast Asian market. In 2016, the firm started to operate in the Philippines and introduced itself as a gaming platform that will cater to its shareholders and gaming counterparts.

Investment Opportunities in Asian Gaming to debut in June

Betting Business, Philippine, regulator, Union for National Development and Good Governance-Philippines, Philippine Amusement and Gaming Corporation, Philippine Online Gaming Operation, rodrigo duterte, testlabs betconstruct asian
The inaugural Investment Opportunities in Asian Gaming will be held at Solaire Resort & Casino, Manila, Philippines on 5-7 June, 2018.   It will be the first summit held in the region providing a comprehensive overview of the various investment and expansion opportunities in the booming Asian gaming market. The summit will also highlight the latest land-based regulatory updates. Casinos in the...

BetConstruct prepares for Manila workshop

Betting Business, Philippine, regulator, Union for National Development and Good Governance-Philippines, Philippine Amusement and Gaming Corporation, Philippine Online Gaming Operation, rodrigo duterte, testlabs betconstruct asian
Ahead of ASEAN Gaming Summit, BetConstruct will host a workshop dedicated to solutions for the gaming industry.   It will take place on 19 March in Makati Shangri-La Hotel, Manila, Philippines. Officially unveiled in summer 2017 before iGaming Super Show, Spring BME is now enhanced with new functionalities and products. A real-time data feed solutions from FeedConstruct can be accessed through SpringBME...

Philippines government increases tax share from POGOs

philippines duterte
The Philippine Bureau of Internal Revenue has published a new levy on offshore gaming operators in a bid to reportedly “reduce foregone revenue.”   The ruling, announced on 27 December by Internal revenue Commissioner Caesar R Dulay as part of the Revenue Memorandum Circular No.102- 2017, requires all POGO license holders pay an increased franchise tax based on gross earnings. The new...

SBGI 2018 Summit prepares to go live next week

India
After a robust start in planning the Sports Betting & Gaming India 2018 Summit, Eventus International is scheduled for the 27th and 28th of February 2018 at the Park Hyatt Goa Resort & Spa. Ahead of the summit, Yudi Soetjiptadi, the managing director of Eventus International has issued an advance vote of thanks to all the speakers and attendees who...

PAGCOR’s licensing powers set to be removed

ICR - Philippines Continent pagcor 8 GLI
Philippines' congress have announced a bill that will limit the state-run Philippine Amusement and Gaming Corporation’s (PAGCOR) ability to grant licenses to operators looking to provide their services within the country. Members of the House of Representatives have been looking to strip this power from PAGCOR for themselves ever since an arson attack on Resorts World Manila two months ago...

Continent 8 focuses partnerships on Philippines

ICR - Philippines Continent pagcor 8 GLI
The international security services provider, Continent 8, has confirmed a number of strategic partnerships to deliver global network and cybersecurity services to the Philippines.   Continent 8 Technologies’ latest key partnerships have been formed to enable the delivery of its globally respected services directly to businesses throughout the Philippines. According to Continent 8, the new partners approached them as they wished...

Grey matters

ICR - iGaming Lorien Pilling Grey Matters
Gaming in Asia’s largely unregulated markets can be volatile, but for Isle of Man-based gaming consultant, Lorien Pilling, the rewards of operating in this vast and voracious region can be more than compensatory. The Asian continent is still many shades of grey for international gaming providers, yet revenue from the region is fast becoming a vital component on many a...

“Gamble until you die” – Duterte U-turn on online gambling crackdown

Betting Business Duterte
When not assassinating drug dealers or calling Barack Obama the son of a whore, the Philippines’ new president has whipped up a cyclone of mixed signals to the iGaming sector with another spectacular about turn.   Philippines president, Rodrigo Duterte, appears to have softened his stance against the gambling industry and has stated that he is prepared to allow online gambling...

Philippine gaming stocks jump 50% following u-turn

Betting Business, Duterte, Philippine, online gaming, legislation
PhilWeb and Leisure and Resorts World shares jumped by the 50 percent daily limit on 25 August after Philippine President Rodrigo Duterte said he might allow online gambling to resume with some conditions.   PhilWeb, which used to supply software to government-licensed internet gambling cafes, saw its price per share soar to 8.10 pesos at the close of trading, the most...

Duterte gunning for online gaming in the Philippines

Rodrigo Duterte Philippines
Dubbed ‘the Punisher’ by Time Magazine and ‘Duterte Harry’ by the Telegraph for his crusade against crime, drugs and traffic congestion, the Philippines’ new president Rodrigo Duterte now appears to have set his sights on the country’s regulated online gambling industry.   Shares of e-gaming companies operating in the Philippines slumped at the end of June, after the newly sworn-in 16th...

STAY CONNECTED

171FansLike
583FollowersFollow

SECTOR NEWS