Philippine Gambling News

2021年11月28日
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*Philippine Gambling Laws
*Philippines Online Gambling News
*Philippine Casino News
*Philippines Gambling NewsFirst time for domestic online gambling
The Philippine Amusement and Gaming Corp. (Pagcor) has warned the public against persons and groups who have been organizing illegal Bingo games using Facebook. Pagcor urged the public not to patronize such schemes because they could fall prey to identity theft and credit card fraud. Philippines Gambling News The Philippines Islands are quickly recognizing the value that legal gambling has brought to the region. With the benefits of an economic boost and increased tourism, the online and offline gambling industry is constantly expanding and evolving in the region.
*CEBU, Philippines — Three hundred people were arrested for illegal gambling after they were caught engaging in “tigbakay” or illegal cockfighting activities. The arrests were done by the Cebu.
*Reports locally suggest gambling regulator the Philippine Amusement and Gaming Corp. (PAGCOR) are preparing a report to the government on such a possibility. The Philippines has seen revenues from both land based casino revenues fall off a cliff since the COVID-19 pandemic began with a 95% drop.
Three of the four casino resorts in Manila, the capital city of the Philippines, have gotten online gambling licenses that allow them to cater to domestic high roller customers. This comes as the country continues to deal with the COVID-19 pandemic.
Philippine Amusement and Gaming Corporation (PAGCOR) chairperson Andrea Domingo confirmed the issuance of the recently created Philippine Inland Gaming Operator (PIGO) licenses this week.
Universal Entertainment, Melco Resorts, and Bloomberry Resorts
The three recipients of these licenses were Universal Entertainment, Melco Resorts, and Bloomberry Resorts. The other casino resort in the city is under the operation of the Genting subsidiary Resorts World. This is the first time that licensed online gambling operators in the Philippines can welcome customers from within the country, albeit qualified high rollers.
The PIGOs’ gross gaming revenue will be subject to a 30% effective tax rate. 25% of the gaming revenue will go to PAGCOR, with the remaining 5% going to the Philippines Bureau of Internal Revenue.In-person registration
Only known high rollers who are already a part of a licensee’s player database will be eligible to use these online gambling platforms. VIPs must register in person to gamble online; all deposits and withdrawals will go through a land-based PIGO casino.
The reason for the in-person requirement is to make sure that only people who are physically located in the Philippines are using the PIGO platforms.
it will be good to collect revenues and stop illegal gambling”
Speaking about the positives of these new licenses, Domingo said: “It will be good to collect revenues and stop illegal gambling because there’s a lot of illegal gambling.” Poker spel online.
Online operators hope that they can launch their online operations in December. DFNN was the first gaming operator to receive a license, getting it earlier this week.A tough year for casinos
Though COVID-19 cases have been stabilizing in the Philippines, there are still significant restrictions in place. This includes casinos, which are only permitted to have every second slot machine up and running and a limit of three players per table game. All entrants are subject to temperature screening and must wear face coverings while inside the properties.
VIP gamblers account for 10-15% of annual casino revenue in the Philippines. Casino revenue naturally has been significantly down in 2020 because of extensive shutdowns and restrictions. For the first three quarters of the year, gross gaming revenue fell 60% to $1.5bn. There is a chance that online gambling could open for non-high rollers in the future. Domingo referenced the transition towards doing more and more daily tasks online and that “there might be a way to qualify more Filipinos in the future to play online in a safe manner.”
Philippine Offshore Gaming Operators (POGOs) is the official designation for firms operating in the Philippines which offer online gambling services to markets outside the Philippines.Background[edit]
Philippine Offshore Gaming Operators or POGOs are online gambling firms that operate in the Philippines but cater to customers outside the country. To operate legally they must be licensed by the Philippine Amusement and Gaming Corporation (PAGCOR). They are obliged to restrict any individual in the Philippines regardless of citizenship, Filipino citizens regardless of location, and potential patrons in countries and territories where offshore gambling is illegal from availing their services; failure to do so risks license revocation.[1]Philippine Gambling Laws
PAGCOR started the processing of license applications for POGOs in 2016 after it decided not to renew the license of local online gambling firm PhilWeb in an effort to boost its revenue.[2]
There are three license categories. Category 1 involves services that have live streaming with women online gambling dealers. Category 2 and 3 are sub-sectors of business process outsourcing (BPO) which provide back office support.[3]
However, the IT and Business Process Association of the Philippines (IBPAP), an umbrella industry group of BPOs, do not consider POGOs in general as BPOs. IBPAP’s members are registered with either the Philippine Economic Zone Authority or the Board of Investments while POGOs get their license to operate from PAGCOR, a fact the group argues differentiate POGOs from BPOs.[4]Prevalence[edit]
There are 56 PAGCOR-licensed POGOs as of June 9, 2019. It is estimated that at least 30 firms are operating in the Philippines illegally. KMC Savills Inc. projects that POGOs have utilized at least 800,000 square meters (8,600,000 sq ft) of office space.[1] While a significant portion of the Philippine offshore gambling industry cater to the Chinese, some serve the Korean and Vietnamese markets.[5]Employment[edit]Philippines Online Gambling News
There are 138,000 foreigners employed by POGOs as of May 2019, with 83,760 of them holders of special work permits allowing them to stay in the country for at most six months. Only 17 percent of those employed in POGOs are Filipino nationals.[6]See also[edit]References[edit]Philippine Casino News
*^ abIchimura, Anri (19 July 2019). ’Are We Playing Our Cards Right? Breaking Down Philippine Offshore Gaming Operators’. Esquire. Retrieved 5 September 2019.
*^’PAGCOR now processing offshore gaming licenses’. GMA News. 14 September 2016. Retrieved 5 September 2019.
*^Gonzales, Iris (7 November 2017). ’Is POGO good for the country?’. Philippine Star. Retrieved 5 September 2019.
*^’POGOs are not BPO firms, industry group says’. CNN Philippines. 2 May 2020. Retrieved 6 May 2020.
*^Gonzales, Iris (29 August 2019). ’Inside a Philippine offshore gaming company’. Philippine Star. Retrieved 5 September 2019.
*^Yee, Jovic (2 May 2019). ’Foreigners can get work permits only in 15 job categories’. Philippine Daily Inquirer. Retrieved 5 September 2019.Philippines Gambling NewsRetrieved from ’https://en.wikipedia.org/w/index.php?title=Philippine_Offshore_Gaming_Operator&oldid=984603766
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