The Philippines’ online gaming sector is experiencing unprecedented growth, even as the government phases out the controversial Philippine Offshore Gaming Operators (POGOs). With new revenue records and regulatory shifts, the industry finds itself at a crossroads. Online Gaming: A Rapidly Growing Economic Powerhouse The Philippine online gaming sector continues its meteoric rise, with annualized gross […]
Philippines
Philippines Bans Offshore Gaming Operators: A Step Towards Crime Prevention
Government Announces Ban on Offshore Gaming Operators In a significant move, the Philippines has decided to ban offshore gaming operators, a sector primarily serving Chinese gamblers. This industry has raised substantial concerns among law enforcement agencies due to its alleged connections to organized crime. The Rise and Fall of POGOs Philippine Offshore Gaming Operators (POGOs) […]
Philippine Senator Advocates for Complete Ban on Online Gambling
In a forceful plea to his peers, Philippine Senator Joel Villanueva has called for full legislative support for Senate Bill 1281, which aims to completely eliminate online gambling, including businesses previously managed by Philippine Offshore Gaming Operators (POGOs). Rising Concerns Over Criminal Activities Linked to Online Gambling Senator Villanueva, addressing the Senate, highlighted the urgent […]
Jade SportsBet Resumes Operations in the Philippines Following Regulatory Approval
Reopening of Jade SportsBet Jade SportsBet, the online betting platform managed by Jade Entertainment and Gaming Technologies Inc., has resumed operations in the Philippines. This follows the Philippine Amusement and Gaming Corp (Pagcor) lifting the suspension that had been imposed on the platform. The regulatory body confirmed the platform’s reactivation through an official notice. Path […]
Philippine Offshore Gaming Revenue Soars with New Licensing Rules
Sector Revival Amid Legislative Pressure Despite calls from some Philippine senators to shut down the offshore gaming industry, Albay Representative Joey Salceda is highlighting the sector’s resurgence due to PAGCOR’s revamped Internet Gaming Licensee (IGL) system. As the House Ways and Means Committee chair, Salceda commended PAGCOR’s success, noting a 71% revenue increase from IGLs […]
