Alejandro H Tengco, the Chair and CEO of the Philippine Amusement and Gaming Corporation (PAGCOR), has announced the reduction of gross gaming revenue (GGR) remittance rate for online and on-site betting. The changes by the state gaming regulator are expected to come into force on 1 April with the goal of attracting more foreign investments into the Philippines’ gaming sector. …
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The Philippine Amusement and Gaming Corporation (PAGCOR) has arrested 12 people on suspicion of illegal online gaming operations. With the conclusion of a month-long investigation, PAGCOR Chairman and CEO, Alejandro H. Tengco, announced that the suspects were apprehended in Parañaque City with the help of the National Capital Region Police Office and the cybercrime unit of the Philippine National Police. …
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188BET has announced that it is shutting down its operations in the Isle of Man as it shifts to the Philippines, changing its regulatory jurisdiction. The operator has emphasised that during the transition it will ensure ‘responsible gambling practices and continuity’ by offering players options and enhanced services under the framework of the Philippine Amusement and Gaming Corp (PAGCOR). The …
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The Philippines is targeting 2024 as a deadline to become delisted from the ‘grey list’ of the Financial Action Task Force (FATF). All remaining shortcomings are to be addressed by the relevant government agencies in the country, as well as the Anti-Money Laundering Council (AMLC) of the Philippines, by order of President Ferdinand R. Marcos Jr. A government press release …
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SIS (Sports Information Services) has announced an agreement with Philippines-based Jade SportsBet, as the operator integrates the supplier’s greyhound racing content. Jade SportsBet is now live with SIS’ offering 38,000 of greyhound races annually from the UK, Ireland and Mexico. Joe Andrews, Head of Sales at SIS, stated: “Partnering with Jade SportsBet is another important step forward in our efforts …
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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 …
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Regulus Partners examines the Chinese government’s crackdown on offshore gambling and real-money games, fulfilling its wider determination to control consumer behaviour and how CCP actions will impact the sector’s regulatory outcomes across Asia. China’s nineteenth-century battles with opium are one of the generally lesser-known but more profound undercurrents of modern history. Two wars with Britain were fought and lost, …
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Golden Race has backed up a recent bid for global growth, which has seen it gain both a UK supplier licence and associate membership to NASPL in North America, by launching a new website to provide clearer information for prospective customers, partners and media organisations across target territories. Having made its name through a popular range of products across emerging …
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This week’s 6 of the Best subject is a “real history buff” and someone whose approach to sports betting is to combine his “raw excitement” with a sense of control. Keep reading to find out more about 10Bet Chief Marketing Officer Oshri Kostiner, including his ‘working’ holiday to the Philippines and an unforgettable visit to the Eternal City. Best Holiday …
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Online gaming company K8 has announced that they are to sponsor the 2018 Supreme Pool Series, encompassing all events between May and December. With a £16,000 prize pot for each event, action is set to get underway in the Jason Owen Open in May, with a maximum of 96 players eligible to enter the series. Encompassing five events in total, …
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