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Industry
February 3, 2023
PAGCOR Poised to Return to Pre-Pandemic Results, Says CEO
Commenting on the latest results, PAGCOR chairman and chief executive, Alejandro Tengco, suggested that the gambling industry in the country could see a return to its pre-pandemic levels before long, and possibly this or next year, although no specificity on the timeline was offered. The Worst Is Behind, Economic Boon Is Ahead Tengco spoke in […]
Casino
February 1, 2023
Macau Casino Revenue in January up 82.5%, Recovery on the Cards
Shares of Macau casino operators posted gains of between 3% and 5% after official data released by the Special Administrative Region (SAR) of China’s government revealed that gambling revenue in January nearly doubled. Substantial Revenue Increase Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an […]
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 27, 2023
John Foster Joins Enteractive as Head of B2B Sales
John Foster has been hired to fill the position. He will be reporting to the Chief Business Officer, Andrew Foster. John Foster Brings Over 20 years of Experience to Enteractive John Foster brings a plethora of sales expertise to his new position as head of B2B sales for Europe and Asia, boasting over two decades […]
Business
January 27, 2023
POGOs Feel Public Pressure in the Philippines
The county’s residents have voted in a new Pulse Asia survey, which took place between November 27 and December 1. In the survey, the majority of respondents, or some 58%, argued that POGOs are seen as harmful to society and perhaps even the economy. Vice Spreads Like Wildfire in Society Because of POGOs People were […]
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 […]
Poker
January 23, 2023
Americas Cardroom: Four Packages to Vietnam High Roller Event
Popular online poker operator Americas Cardroom (ACR) is offering its players a chance to win a poker experience of a lifetime this February. “Epic” Opportunity Not to Be Missed ACR announced it would be running two satellites next month which will provide four full poker vacation packages for a Super High Roller Series in Vietnam […]
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 17, 2023
JP Morgan: Macau Operators Already Profitable
They say one swallow doesn’t make a summer, so Macau has been very proactive to diversify its efforts in restoring the SAR to its previous status as one of the best tourist spots for gambling aficionados. Operators Profitable Again The investment bank’s analyst – DS Kim – provided a weekly update sharing numbers for the […]
Casino
January 16, 2023
Thailand May Legalize Casinos in IRs in a Few Years
Casino gaming may become a reality in Thailand in a few years. As reported by the Bangkok Post, the Asian country’s House of Representatives just approved a report that proposes the creation of integrated resorts with casinos. Thailand Approved a Casino Proposal The report in question is a comprehensive report that a special committee compiled […]
