The Philippine gaming industry is facing the prelude to a policy storm. Malaysia's largest investment bank, Maybank, recently issued a report warning that Philippine President Marcos Jr. might signal a comprehensive ban on online gambling and electronic games in the upcoming State of the Nation Addr
In the context of Southeast Asian countries competing for the casino economy map, the Philippine gaming market stands out with a strong growth trend. Aydemir Yuksel, a senior gaming consultant who has worked at The Venetian Macao and Marina Bay Sands Singapore, recently pointed out in an interview w
The Philippine online gambling industry has recently taken a hit. As Senator Zhang Qiaowei proposed a bill to strengthen regulation, market confidence was undermined, and several gambling concept stocks plummeted. The gaming giant DigiPlus (PLUS) saw its stock price plummet by 40% during the session
The Philippine Amusement and Gaming Corporation (Pagcor) has issued an official statement warning the public to be cautious of fraudulent gambling franchise activities conducted under the name "Lucky 7 Bingo Corporation," indicating that this may be a new scamming technique.According to Pagcor, a sc
The Philippine Amusement and Gaming Corporation (PAGCOR) has maintained its ISO 9001:2015 certification after an audit.The certification was issued by DQS Certification Philippines, reflecting PAGCOR's commitment to international quality management standards.PAGCOR Chairman and CEO Alejandro Tengco
I. Industry OverviewThe Philippine gaming industry is one of the most mature legal markets in Southeast Asia, with an expected industry size of $6 billion in 2024, of which local enterprises hold a 35% share. Under the regulation of the Philippine Amusement and Gaming Corporation (PAGCOR), local op
The government has launched a study to assess the effects of PIGOs.The Philippines.- President Ferdinand R. Marcos Jr. could impose a ban on Philippine Inland Gaming Operators (PIGOs) if they are found to be causing issues similar to those that led to the shutdown of offshore gaming operators. Clair
Malacañang Palace stated that if Philippine Inland Gaming Operators (PIGO) are found to cause social issues similar to those caused by Philippine Offshore Gaming Operators (POGO), President Ferdinand R. Marcos Jr. will not hesitate to implement a total ban.Vice Minister of Presidential Communication
Philippine Senate President Juan Miguel Zubiri recently called for a comprehensive review of the local online gambling industry (PIGOs) to assess its impact on local residents and decide whether it should continue to operate. Zubiri pointed out that although the Philippine offshore gaming oper
The gambling industry in Southeast Asia has shown a diversified development trend in recent years, with each country having its own characteristics in terms of policy regulations, market size, and development trends. Next, let's take a look at the current state of gambling development in Southeast A
The Philippine Amusement and Gaming Corporation (PAGCOR) reiterated its support for the country's Special Class Business Process Outsourcing (SCBPO) industry, recognizing its role in creating thousands of high-quality jobs for Filipinos.PAGCOR Chairman and CEO Alejandro H. Tengco assured foreign ch
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a record PHP112 billion ($1.92 billion) in revenue for 2024, marking a 41% increase from the previous high of PHP79 billion in 2023. This is only the second time revenue has surpassed PHP100 billion, following PHP104.12 billion in 201
The project is due to be finished by 2028.The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has broken ground for its planned corporate office in Bagong Nayong Pilipino, Pasay City, Metro Manila.The cost of the office development will be PHP2.45bn (US$42.2m). It will be fina
Armin Raquel Santos has said that Clark is emerging as the next gaming and tourism hub in the Philippines.The Philippines.- Armin Raquel Santos, president and CEO of Belle Corp, the parent company ofPremium Leisure (PLC), has said that he remains upbeat on the company’s growth prospects, and bullish
Belle Corp, including its recently-delisted unit Premium Leisure Corp, are “well-prepared to explore opportunities” in the Clark casino market in the Philippines, according to a statement issued on Thursday quoting Armin Raquel Santos (pictured), the group’s president and chief executive.“Clark’s st
The Clark Development Corp issued on Monday a cease and desist order against Fontana Development Corp and Fontana Resort and Country Club Inc, suspending indefinitely the operation of Fontana Leisure Parks & Casino at the Clark Freeport Zone in the Philippines.The order against the companies was
