The Philippine Amusement and Gaming Corp. (Pagcor) is closing two Casino Filipino branches in Talisay, Cebu, and Tagum, Davao del Norte, due to financial losses, as part of its ongoing rationalization plan. Pagcor Chairman and Chief Executive Officer Alejandro Tengco said in a statement that both...
For Senator Sherwin Gatchalian, the government should already anticipate the presence of Chinese spies in the country considering the tensions in the West Philippine Sea (WPS). "Dapat maging ano na rin tayo, dapat iexpect na rin natin yan dahil alam naman natin meron tayong alitan sa [WPS] at alam...
Sustained robust performance of the electronic games sector drove the Philippine Amusement and Gaming Corporation’s (Pagcor) net income by more than double its earnings in 2023. Pagcor announced on Thursday, Jan. 30, that its net income more than doubled (146 percent) from P6.81 billion in...
In an effort to combat illegal gaming and boost the legitimate e-games sector, the Philippine Amusement and Gaming Corp. (Pagcor) has announced another reduction in its fee rates for electronic games. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said fee rates...
Senator Sherwin Gatchalian said on Wednesday, January 8, that they are working on a separate resolution that seeks to investigate the apparent failure of banks and other financial institutions to flag suspicious transactions of Philippine Offshore Gaming Operators (POGOs). "Kasi nga yan yung isang...
Senator Sherwin Gatchalian has called for sustained action against Philippine Offshore Gaming Operators (POGOs) to ensure that the industry's remnants are effectively purged. “More than ever, we need to sustain our efforts to clear out all criminal syndicates that are products of POGOs. We must...
Instead of boosting the Philippine economy, the recently banned offshore gaming industry exposed the country's systemic vulnerabilities, including money laundering, human trafficking, and espionage, according to the Stratbase Institute. "The POGO (Philippine Offshore Gaming Operator) phenomenon,...
The Philippine Amusement and Gaming Corporation (Pagcor) and San Miguel Infrastructure have signed a 25-year lease agreement for the 15-hectare Nayong Pilipino property in Pasay City. In a statement, the government’s gaming regulator said the agreement, formally signed on Dec. 12, 2024, will...
After winding down large Philippine Offshore Gaming Operators (POGO), the government's next crackdown would be on the small-time POGO hubs. POGO hub in Bamban, Tarlac (Photo courtesy of the Presidential Anti-Organized Crime Commission) By January, the government is expecting to run after small POGO...
The country's gaming industry revenue surged by 37.5 percent in the third quarter of the year to P94.61 billion, driven by the robust growth of the electronic gaming sector, the Philippine Amusement and Gaming Corp. (Pagcor) said. In a statement on Thursday, Nov. 14, Pagcor Chairman and CEO...
State-run Philippine Amusement and Gaming Corporation (PAGCOR) has reported a surge in revenue for the first nine months, driven by solid performances in electronic gaming and brick-and-mortar casinos. In a statement on Tuesday, Oct. 29, the government’s gaming regulator and operator, said...
By DERCO ROSAL The offshore gaming ban, while controversial, has not led to the anticipated job losses. Despite concerns about the economic consequences, analysis shows that the industry's contribution to employment was relatively small. According to the Bank of the Philippine Islands (BPI), the...
