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Philippine Anti-Money Laundering Council sends working signal at FATF plenary meeting this week

A statement from the Philippine Anti-Money Laundering Council said the government agency was "committed" to helping "strengthen the country's anti-money laundering and countering the financing of terr...

AshalyAshaly
novenber21 February 2024
Philippines Pagcor confirms raid on illegal online gambling platform and arrests 12

The Philippine Amusement and Gaming Corporation (Pagcor) has announced the arrest of 12 people in a crackdown on illegal online gambling in the country.The Philippine Capital Region Police and the Nat...

AshalyAshaly
novenber20 February 2024
Philippine lawyer: For POGOs in the gaming industry, law enforcement takes precedence over closure

Recent hearings in the Philippines' House of Representatives have intensified calls for a POGO ban, taking the debate to a new level. However, a gaming industry lawyer believes the focus should be on ...

AshalyAshaly
novenber19 February 2024
Online bookmaker 188BET moves its license and operations from Europe to Philippines

Online bookmaker 188BET is closing its operations in the Isle of Man and moving its license to Philippine jurisdiction.The move, which appears to have been in the works for some time, was announced in...

AshalyAshaly
novenber18 February 2024
PAGCOR wants to reduce online gambling operator fees to 35% in March

Philippine gaming regulator Philippine Amusement and Gaming Corp. (PAGCOR) will claim to lower fees levied on iGaming providers to 35% in the third month of this year, CEO Alejandro H. Tengco said. Fu...

AshalyAshaly
novenber07 February 2024
Morgan Stanley: Solaire North will be a boon to Bloomberry's earnings

A recent report from Morgan Stanley Asia Ltd said Philippine casino operator and developer Bloomberry Resorts Corp's new resorts are expected to be a "major contributor" to the company's earnings in t...

AshalyAshaly
novenber06 February 2024
Winn Tech CEO: Philippine offshore gaming still has huge potential

Wilson Fang, chief executive officer of Winn Tech Inc., said the Philippine offshore gaming industry still has huge opportunities despite more reasonable but stricter regulations implemented by regula...

AshalyAshaly
novenber05 February 2024
China's Macau casinos win $2.4 billion, government claims gambling crime reduced

China's Macau casinos reported gross gaming revenue (GGR) of 19.33 billion patacas ($2.4 billion) in January 2024, up 67% year-on-year and 4.1% higher than December.Macau, China casino revenueThe Gala...

AshalyAshaly
novenber02 February 2024
Pagcor revenue up 35% year over year to approximately $1.41 billion in 2023

The Philippines' casino regulator, the Philippine Amusement and Gaming Corporation (Pagcor), reported full-year 2023 revenue of nearly 79.38 billion pesos ($1.41 billion). According to statistics, thi...

AshalyAshaly
novenber01 February 2024
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