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Philippines Reignites Gambling Ban Controversy: 50,000 Jobs at Risk, Billions in Tax Revenue in Jeopardy

Philippines Reignites Gambling Ban Controversy: 50,000 Jobs at Risk, Billions in Tax Revenue in Jeopardy

The ban on online gambling in the Philippines has stirred up controversy again. Industry data indicates that a complete halt to legal online gambling operations could lead to the direct loss of over 50,000 jobs and deal a severe blow to the already pressured Philippine economy.According to "Philsta

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POGO just got banned, PIGO is in jeopardy? 'Special Horse Club' might be the turning point.

POGO just got banned, PIGO is in jeopardy? 'Special Horse Club' might be the turning point.

Philippine President Ferdinand Marcos has made it clear that if domestic online gambling operators (PIGO) are found to cause problems similar to those of offshore gaming operators (POGO), the government will not hesitate to impose a total ban.Presidential spokesperson and Deputy Minister of the Pres

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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

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iGaming Drives Growth in Michigan's Online Gambling Market in August

iGaming Drives Growth in Michigan's Online Gambling Market in August

Michigan's online gambling industry continued its growth momentum in August, with the latest data from the Michigan Gaming Control Board (MGCB) showing significant year-over-year growth. The total revenue from online gambling and sports betting reached $224 million (€202.3 million), a 27.7% increase

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New York's sports betting revenue exceeded $1.4 billion in August

New York's sports betting revenue exceeded $1.4 billion in August

New York's sports betting industry is the largest in the United States, yet it continues to show signs of maturation and growth year by year. Generally, August is a quieter month for the sports betting industry due to only Major League Baseball and NFL preseason games being in play.According to the

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PAGCOR's total tax revenue in the first half of the year reaches 274 million euros

PAGCOR's total tax revenue in the first half of the year reaches 274 million euros

The Philippine Amusement and Gaming Corporation (PAGCOR) is an agency established by the Philippine government to regulate and manage the gaming industry. PAGCOR contributes considerable tax revenue to the Philippine government every year, with its revenue mainly derived from the casinos i

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