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What impact could a potential POGO ban have on the REITs?
I got this question in response to news that the House of Representatives approved two measures that seek to ban POGOs in the Philippines. POGOs, or Philippine Offshore Gaming Operators, are licensed and monitored by the Philippine Amusement and Gaming Corp., and have been controversial since their presence exploded during Rodrigo Duterte’s term as president......»»
SC junks petition challenging legality of POGOs
The Supreme Court has junked a petition challenging the legality of the rules on Philippine offshore gaming operators or POGOs for violating the doctrine of hierarchy of courts and failing to meet the requirements for judicial review......»»
Gcash pinag-iingat publiko vs mga iligal na online gaming platform
Pinag-iingat ng mobile e-wallet na GCash ang publiko laban sa mga hindi beripikadong SMS at marketing messages mula sa mga unlicensed online gaming platforms na ilegal na ginagamit ang kanilang logo at brand. The post Gcash pinag-iingat publiko vs mga iligal na online gaming platform first appeared on Abante......»»
PAGCOR keen on issuing more international gaming licenses
The Philippine Amusement and Gaming Corp. is open to keeping the Philippine Offshore Gaming Operators sector alive, with its top official saying that it provides employment to close to 70,000 Filipinos......»»
A Quick Guide to Online Gambling and Financial Responsibility
With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»
[Vantage Point] POGOs, the quintessential milking cow
The rapid expansion of POGOs in the country comes at a price. It has put a strain on local infrastructure, including transportation, utilities, and housing......»»
Market Reels: How Stock Market Investing Aligns with Online Gaming Strategies
In the unpredictable world of finance, investors often find themselves navigating through an array of strategies and tactics to maximize their returns. Surprisingly, the stock market and online slot games share some intriguing parallels. While one is associated with the thrill of risk and the other with calculated investments, the similarities between the two might […] The post Market Reels: How Stock Market Investing Aligns with Online Gaming Strategies appeared first on Kagay An......»»
Overpriced pay parking fees? Report this to Cebu City Hall, says councilor
CEBU CITY, Philippines —A Cebu City councilor is urging the public to report to the city hall pay parking areas collecting overpriced fees. Cebu City Councilor James Cuenco, the city council’s chairman of the Committee on Transportation, Councilor James Cuenco urged those with concerns of overpriced parking fees to contact his office and tell them the.....»»
Al Tengco’s gamble
In this gambling republic, Alejandro Tengco, Chairman of gaming regulator Philippine Amusement & Gaming Corp. (PAGCOR), isn’t afraid to roll the dice and place bets......»»
P2.34-M Pagcor grant to boost Himamaylan’s resilience efforts
P2.34-M Pagcor grant to boost Himamaylan’s resilience efforts.....»»
PAGCOR cuts e-game rates to encourage more investments
State-run Philippine Amusement and Gaming Corp. will reduce remittance rates for online and on-site betting platforms by next month in a bid to encourage more investments in the gambling sector......»»
Revealing the impact of layoffs on the gaming industry | Latest gaming news – The Daily Guardian
Title: Layoffs in Video Game Industry Cause Concern Despite Financial Growth Subtitle: Unionization Efforts Provide Some Protection for Workers Amidst Increasing Layoffs Layoffs within the.....»»
Capitol’s share from terminal fees increases
Capitol’s share from terminal fees increases.....»»
DigiPlus hopes to grow user base by 25% to 50% in FY24
DigiPlus President Andy Tsui guided that PLUS hopes to capture 50% of the P60 billion in gross gaming revenue growth that PAGCOR expects for FY24, and that it is looking to increase its active user base by 25% to 50% to achieve this goal......»»
Pagcor profit soars to P6.82 billion in 2023
Earnings of state-run Philippine Amusement and Gaming Corp. surged by more than 50 percent to nearly P7 billion last year as the gambling sector bounced back and exceeded pre-COVID levels......»»
IC collects over P500 million fees in 2023
The government collected more than P500 million in registration and supervision fees from insurance firms last year......»»
Bill seeks to waive review fees for indigents
A bill seeking to exempt indigent individuals from paying the review fees for board and Bar examinations on their first take have been jointly filed by five members of the House of Representatives......»»
EDITORIAL — Pass-through fees
If the administration wants to tackle inflation and improve ease of doing business, it should scrutinize one of the contributors to high prices particularly of agricultural commodities, and a long-standing complaint of businessmen: pass-through fees collected from delivery trucks......»»
Foreign borrowings nearly halved in Q1
The public sector’s foreign borrowings approved by the Bangko Sentral ng Pilipinas went down by 48 percent to $2.87 billion in the first quarter from $5.56 billion recorded a year ago......»»
Gaming revenues beat target, hit record P285 billion in 2023
The local gambling industry continued to take advantage of increased operational capacity, with its gross gaming revenues exceeding targets and hitting a record P285 billion in 2023......»»