Selling the Philippine Amusement and Gaming Corp.’s (Pagcor) Casino Filipino operations could fetch up to ₱50 billion in immediate revenue for the government, but the windfall will not go to the Philippine Health Insurance Corp. (PhilHealth), according to Makati-based legal practice Geronimo...
Potential buyers of Casino Filipino are poised to push back against any government attempt to force them to retain staff from the state-owned gaming operator, according to Makati-based legal practice Geronimo Law, creating a fresh complication for the Philippine Amusement and Gaming Corp.’s...
State-run Philippine Amusement and Gaming Corp. (Pagcor) has ordered all regulated casinos and gaming entities to tighten safeguards against illicit capital flows. The directive follows a state assessment which revealed that the sector remains highly vulnerable to financial crime. In a July 13...
State-run Philippine Amusement and Gaming Corp. (Pagcor) has mandated all gaming corporations to formally declare their exclusive tie-ups with foreign gaming partners, which must be fully compliant with domestic gaming laws. Pagcor directed all accredited gaming affiliates and previously authorized...
The Manila City government received 100 43-inch smart TVs from PAGCOR on Wednesday, July 8, which will be used for public information dissemination, office monitoring, and service delivery in city facilities. The donation was formally turned over by PAGCOR Assistant Vice President Eric Balcos and...
Tightened rules and stricter oversight of the gaming sector may have hampered efforts to recover revenues lost in previous quarters, but global credit rating agency S&P Global Ratings said a more supportive visa policy and the rebound in online gambling could help gaming operators bounce back in...
The Philippine Amusement and Gaming Corp. (Pagcor) ordered casino operators to integrate specific corruption-linked red flags into their compliance systems, escalating its clampdown on dirty money moving through the country’s gaming hubs. Licensed operators and their service providers have six...
The Philippine Amusement and Gaming Corp. (Pagcor) is expanding its anti-money laundering network to include banks and e-wallets, stepping up oversight of the country’s fast-growing electronic gaming sector. The state-run regulator published a memorandum detailing amendments to its existing...
The Philippine Amusement and Gaming Corporation (Pagcor) on Tuesday, May 26, launched a round-the-clock helpline for Filipinos struggling with gambling addiction to address the growing social cost of gaming as gambling platforms become more accessible nationwide. The National Problem Gambling...
Business-to-business (B2B) service providers operating in the Philippine gaming industry risk having their gaming systems and digital platforms suspended if they fail to comply with the accreditation standards required by Philippine Amusement and Gaming Corp. (Pagcor). Pagcor, the state-run gaming...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
The country’s gross gaming revenues fell 15.9 percent in the first quarter of the year, driven by the sharp contraction in electronic gaming as inflationary spillovers from conflicts in the Middle East eroded local consumer discretionary spending. Philippine Amusement and Gaming Corp. (Pagcor)...
