The Philippines’ gaming sector is making a triumphant comeback, reaching heights reminiscent of its pre-pandemic prosperity. PAGCOR Chairman and CEO Alejandro Tengco has heralded this resurgence, noting significant revenue benchmarks just shy of 2019’s peak. With lifted restrictions bolstering travel and leisure, the industry is poised for a historic upswing. Investors and stakeholders are tuned […]
Financial Action Task Force (FATF) has once more stressed the need for the Philippines to accelerate the adoption of its action plan concerning anti-money laundering (AML) and counter-financing of terrorism (CFT). The Philippines found its name on the FATF grey list in June 2021 due to an evaluation by the Asia-Pacific Group on Money Laundering […]
The Philippines.- In light of recent events, Senate majority leader Joel Villanueva has pressed President Marcos Jr. to put an immediate halt to Philippine Offshore Gaming Operators (POGOs). This comes on the heels of a police operation in Pasay City, where an unlicensed gaming facility was discovered to have potential ties to sex trafficking incidents. […]
Interpol has raised concerns about a surge in human trafficking cases connected to the gambling industry. The organization has issued a global warning about a trafficking crisis, highlighting instances of forced participation in online gambling, cryptocurrency scams, and investment fraud. Interpol, the international law enforcement organization, has sounded the alarm on an escalating global trafficking […]
The Philippine Amusement and Gaming Corporation (Pagcor), the state gaming corporation and regulator, has made an announcement regarding the cancellation of the accreditation of CGC Technologies, a customer relations provider for a Philippine offshore gaming operation (POGO). After conducting an investigation, Pagcor confirmed that CGC Technologies was involved in illegal activities, leading to the revocation […]
In the wake of a raid on a business processing company suspected of illegal activities, the Philippine Amusement and Gaming Corp. (PAGCOR) and the Department of Justice (DOJ) have declared a review of licenses granted to Philippine offshore gaming operators (POGOs). Local media reports suggest that Colorful and Leap Group, located in the Clark Freeport […]
According to a report, the Philippine government may face challenges in finding buyers for PAGCOR’s 44 Casino Filipino sites, as they are outdated and require significant investments for upgrades. The Philippine government’s planned sale of its state-owned casinos is unlikely to pose a competitive threat to the private sector, according to a report Maybank Securities […]
PAGCOR has extended recognition and awards to three employees, including the topnotcher, for their successful completion of the exam in 2022. At the Executive Committee Meeting held at the PAGCOR Executive Office in Manila on April 19, the Board of Directors, headed by Chairman and CEO Alejandro Tengco, bestowed honors upon the topnotcher and other […]
PAGCOR has issued a warning in light of reports indicating the widespread proliferation of illegal online betting. The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a public advisory cautioning against illegal gambling. In a statement, PAGCOR emphasized that engaging in unauthorized gambling is not only a criminal offense but also puts individuals at risk […]
Senator Sherwin Gatchalian is not only advocating for charges to be brought against the officials who hired Global ComRCI as a third-party auditor for POGOs, but he is also pushing for a ban on POGOs. Senator Sherwin T. Gatchalian has urged the Philippine Amusement and Gaming Corp (PAGCOR) to take action against the officials responsible […]