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PAGCOR suddenly changes its stance? Warns that the cost of banning gambling is high: fears the loss of hundreds of billions of pesos and impacts tens of thousands of jobs.

PAGCOR suddenly changes its stance? Warns that the cost of banning gambling is high: fears the loss of hundreds of billions of pesos and impacts tens of thousands of jobs.

Alejandro Tengco, Chairman and CEO of the Philippine Amusement and Gaming Corporation (PAGCOR), has publicly stated his firm opposition to the congressional proposal for a "total ban on online gambling." He emphasized that online gambling has become a crucial pillar of the Philippine economy, and a

29like·0commentyesterday
Philippine Gambling New Blueprint: PIGO Accelerates Integration of Physical and Online Channels

Philippine Gambling New Blueprint: PIGO Accelerates Integration of Physical and Online Channels

The Philippine online gambling industry continues to develop, with domestic gambling operators (PIGO) striving to bridge the gap between physical and digital channels to fully unleash brand potential. Veteran in the gambling industry, Joe Pisano, noted that although online channels have broken geogr

21like·0comment06-20
Philippines' PIGO model deepens transformation: Moving from offline to online, stepping into a new phase of legality and integration.

Philippines' PIGO model deepens transformation: Moving from offline to online, stepping into a new phase of legality and integration.

Philippine local gambling operators (PIGO) are currently in a crucial transition period from traditional offline operations to online expansion.In an interview with AGB, Joe Pisano, CEO of Jade Entertainment, pointed out that PIGO operators must integrate offline resources with online platforms, us

28like·0comment06-17
Isle of Man responds to national risk statement: Welcomes law-abiding businesses, continues to strengthen gambling regulation.

Isle of Man responds to national risk statement: Welcomes law-abiding businesses, continues to strengthen gambling regulation.

In the context of addressing global organized crime, the Isle of Man government has actively responded to the "National Risk Appetite Statement" (NRAS), emphasizing that while ensuring judicial transparency and market compliance, it will continue to maintain an open attitude towards legal and reputa

27like·0comment06-05
The True Face of the Gambling Business: From Macau to Malta, How Does the Global Gaming Industry Operate?

The True Face of the Gambling Business: From Macau to Malta, How Does the Global Gaming Industry Operate?

The casino business is no longer just about winning or losing at the tables. In today's global gambling industry, a single game might involve real estate development, international tax planning, AI risk control algorithms, and even strategic games at the national level.From offline to online, from L

27like·0comment05-13
"Fish, Shrimp, Crab": From Folk Tradition to Online Craze, the Modern Transformation of an Asian Classic Game

"Fish, Shrimp, Crab": From Folk Tradition to Online Craze, the Modern Transformation of an Asian Classic Game

In the world of Asian gambling games, "Fish-Prawn-Crab" (also known as Hoo Hey How or Crown and Anchor) is a classic dice game that transcends generations and regions with its straightforward gameplay and deep cultural roots.Today, with the rise of digital entertainment, this traditional game is und

26like·0comment04-28
National Leadership, Stable Growth: The Unique Path of Luxembourg's Gambling Market

National Leadership, Stable Growth: The Unique Path of Luxembourg's Gambling Market

In the trend of liberalizing the gambling market in most European countries, Luxembourg insists on a state-led and strictly regulated route. Despite the limited market size, the country has achieved steady growth in gambling revenue through the stable operation of the national lottery and the only c

31like·0comment04-27
Macau Online Gambling Regulatory System: The World's Strictest Compliance Benchmark in Three-Dimensional Construction

Macau Online Gambling Regulatory System: The World's Strictest Compliance Benchmark in Three-Dimensional Construction

As a model of the global gambling regulatory system, the Macao Special Administrative Region has established an online gambling management framework known as "copper walls and iron barriers" through a "law-technology-ethics" trinity regulatory network. Its regulatory system not only reflects strateg

25like·0comment04-16
Xinhong Le: Southeast Asia's Emerging Diversified Entertainment and Investment Group

Xinhong Le: Southeast Asia's Emerging Diversified Entertainment and Investment Group

I. Group OverviewNew Hong Lok Group, headquartered in Southeast Asia, is a comprehensive enterprise group covering entertainment industry, hotel management, real estate development, financial investment, and digital technology among other fields. In recent years, the group has rapidly emerged in th

29like·0comment04-02
After the Philippines banned online gambling, this company made 12 billion.

After the Philippines banned online gambling, this company made 12 billion.

By the end of 2024, the Philippine government will completely ban offshore gaming operators (POGO), i.e., online gambling. Many weak gambling companies have successively failed and a large number of farmers have reluctantly moved to other countries.The gambling practitioners (referred to as farmers

20like·0comment03-31
2025 Southeast Asian Legal Gambling Market Regulatory Analysis

2025 Southeast Asian Legal Gambling Market Regulatory Analysis

Southeast Asia has one of the most dynamic gambling markets in the world, with varying regulations and diverse market environments across different countries. As 2025 approaches, the gambling landscape in the region continues to evolve, offering new opportunities for operators and investors seeking

32like·0comment03-01
Exploring the Development and Current Situation of Taiwanese Gaming Companies

Exploring the Development and Current Situation of Taiwanese Gaming Companies

Although the gaming industry in Taiwan is restricted by regulations and social culture, its performance in technological innovation, market expansion, and globalization trends cannot be ignored.From technology development to online platform operations, gaming companies in Taiwan have demonstrated st

48like·0comment01-25
Turkish Slots Market Overview and Advertising Strategies

Turkish Slots Market Overview and Advertising Strategies

In recent years, Turkey's online gambling market, especially the Slots category, has gradually emerged, attracting the attention of many operators and advertisers.Although Turkey has relatively strict legal regulations on gambling activities, with the increase in internet penetration and the divers

31like·0comment01-14
Morgan Stanley: Online gambling revenue in the Philippines now accounts for 70% of physical gambling revenue.

Morgan Stanley: Online gambling revenue in the Philippines now accounts for 70% of physical gambling revenue.

Morgan Stanley, based on data from PAGCOR, calculated that the annualized gross gaming revenue (GGR) of online gambling in the Philippines will reach about $2.4 billion in the third quarter of 2024, accounting for 70% of the country's land-based gambling GGR.This ratio has risen from about 40% in th

33like·0comment01-01
Morgan Stanley: Online gambling is now the largest contributor to gambling tax revenue in the Philippines.

Morgan Stanley: Online gambling is now the largest contributor to gambling tax revenue in the Philippines.

According to data from investment bank Morgan Stanley, the Philippines' growing domestic online gambling industry has become the country's largest contributor to gambling tax revenue, with the regulatory body PAGCOR collecting 28 billion Philippine pesos (approximately $490 million) in taxes from th

24like·0comment2024-12-20
Emerging African Betting Market Overview: The Online Gambling Market is Growing Rapidly

Emerging African Betting Market Overview: The Online Gambling Market is Growing Rapidly

The online gambling market in Africa is experiencing rapid growth, especially in Kenya and Nigeria, where the number of online gambling users has increased by over 30% in the past year. This trend has attracted widespread attention from international gambling operators and indicates that Africa will

26like·0comment2024-12-20
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