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Pagcor officials about the prospects of online gaming for the Philippines, months after it denied the renewal of Philweb Corp. With Philweb sidelined, Pagcor apparently took over the reins and has been busy granting licenses to online gaming operators locally. It is now in the process of reviewing requests from foreign operators. Pagcor expects to raise some P3 billion in tax revenues for the Philippine government this year from newly-granted local online gaming permits, and is looking forward to doubling its collection with enhanced auditing systems and operations procedures.
The potential will be even more enhanced, according to Pagcor officials, as it prepares to grant more licensing requests, this time to offshore-based operators largely from the United States and Europe who have wanted to set up their base of operations in the Philippines.
While the license payment for a Philippine Offshore Gaming Operators POGO permit is still currently a fixed amount, Pagcor is looking forward to enhancing its tax collections from online operators when it shifts its taxation based on actual gross gaming revenues.
Online gaming or gambling is now considered a potentially lucrative industry that runs into billions of dollars a year in a wide range of segments including e-casino and sports betting, two areas where Pagcor is more keenly interested in. Many casinos, poker rooms, sportsbooks, and gambling firms now operate on the internet using software that simulate a gambling environment, but allow players to play in the comfort of their own homes.
Particularly for e-casinos, online gaming free american roulette wheel are able to offer just about any game you can find in a brick and mortar casino, such as slot machines, craps, blackjack, roulette, lottery, video poker and keno.
Some sites even offer virtual real time poker play with real opponents from around the world. Betting on sports, on the other hand, allows real money gambling on the outcome of sporting events such as football, baseball, professional and college basketball, soccer, MMA, and even the World Cup. These days, you can anr on just about anything else online. More recently, some sites on fantasy sports have been offering real money daily, and how good is gambling been generating a lot of attention.
It also comes at a time when the Philippines and China are trying to bridge better inlinf. Recently, the Philippine Economic Zone Authority PEZA shuttered its doors to inline gaming and gambling online gaming firms, even those that claim to simply engage in technical support, so that any potential incident of illegal online gaming could be avoided. Previously, some illegal online operators were suspected to be operating in export processing zones disguised as business processing operations BPO.
An executive order issued by President Duterte specifically targeted the existence of such fraudulent activities. Hopefully, such a move — together with the continued overall declarations by the Philippine government to fight all forms of corruption — will bring the Chinese tourists to our shores.
The appointment of Andrea Domingo by President Duterte imline Pagcor chairman comes with overtures to reform, the four decades-old government-owned gaming corporation. Domingo has a reputation as a no-nonsense immigration chief during her term under former president Corazon Aquino.
Currently, Pagcor oversees and regulates inlline owned casinos, bingo parlors, and e-games cafes operating in the Philippines while running its own casinos and several VIP slot clubs in major cities across the country. With the Philippine gaming industry growing, and in view of the Bangladeshi central bank scandal, the need for Pagcor to focus on its regulatory functions has been deemed as necessary and supportive of the overall campaign of the government phil ryan gambling beef up its anti-money laundering initiatives.
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View the discussion thread. Skip to main content. Philippine News for the Filipino Global Community. Business Skinning Left, pagematch: Nov 11, Business Leaderboard Toppagematch: No borders Online gaming or gambling is now considered a potentially lucrative industry that runs into billions of dollars a year in a wide range of segments including e-casino and sports betting, two areas where Pagcor is more keenly interested in.
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