Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
Philippines President Rodrigo Duterte has just officially signed a new controversial tax scheme into law and it concerns all Philippine offshore gaming operators (POGO). Today, Malacañang Palace announced that Duterte has enacted the Republic Act 11590 as a part of the efforts of the nation to boost its revenue, which the nation sees as one […]
The Philippines has had a lot of difficulty due to the COVID-19 pandemic and hasn’t, until very recently, started to see limited signs of recovery. This has taken a toll on the country’s gaming industry, which also affects the amount of money the Philippines has to work with. The Philippine Amusement and Gaming Corp. (PAGCOR), […]
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, […]
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 […]
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 […]
