The Philippine Amusement and Gaming Corporation (PAGCOR) has introduced an updated regulatory framework for offshore licence holders, ahead of its planned launch of an online casino market next year. New efforts to tighten regulation of offshore companies came into force in July as part of an ‘intensified inter-agency’ campaign against illegal activity linked to such firms, according to the regulator …
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PAGCOR reorganisation points towards casino sell-off
Speculation surrounding the future of the Philippine Amusement and Gaming Corp (PAGCOR) has intensified as the government evaluates plans to privatise the state-owned gambling operator and regulatory body. News sources in Manila report that the government of President Ferdinand “Bongbong” Marcos seeks to ‘reorganise PAGCOR’ by divesting its casino properties “whilst maintaining its regulatory and licensing functions”. Dealmakers supporting the …
Read More »FSB and Paddy Power expand into Filipino market
Platform provider FSB Ltd has announced a deal to roll-out its first EPOS system in association with Paddy Power and Asian supplier Jade Entertainment and Gaming Technologies. FSB will deploy its innovative platform and trading tools alongside the Irish bookmaker’s trading team in order to provide over the counter sports betting facilities to customers of Manila’s flagship Okada Casino Resort. …
Read More »Philippine Key Regulator Opens Door To Online Gaming
Bill Beatty, editor in chief of calvinayre.com, takes a look at how the laws are changing in the Philippines, where the new president Rodrigo Duterte has caused a shake-up to how the industry operates. Philippine gaming regulators are bracing for a new challenge now that they’re planning to assume oversight of the nation’s online gambling industry. The Philippine Amusement and Gaming …
Read More »Philippine Crisis as Rodrigo Duterte targets gambling operators
The Philippines gambling sector faces a period of uncertainty as newly elected Prime Minister Rodrigo ‘Roa’ Duterte has ordered the national gambling regulator to stop processing licensing applications for e-bingo parlours and gaming cafes. Duterte who won May’s Philippine’s election promising his electorate an ultra-hardline stance on corruption, told cabinet ministers that ‘online gambling must be stopped’. The President nicknamed …
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