Philippine gaming operator DigiPlus is considering acquiring shares in Melco's City of Dreams Manila. This move occurs against the backdrop of the Philippine government's intensified regulation of the online gaming industry, sparking industry attention to the transformation strategies of gaming ente
The Philippine gaming industry is facing a major turning point. Regulatory policy changes and market transformation are reshaping this important industry, which accounts for 1.2% of the national GDP.Philippine listed company DigiPlus Interactive Corp recently encountered strategic setbacks. Accordin
Belle Corp., a subsidiary of SM Group, recently announced that it will suspend its plans to expand its online gambling business. Senior management admitted that in light of the recent intense debates over online gambling regulation in the Philippines, Belle has decided to adopt a more cautious "wait
When President Marcos announced the "total ban on offshore gambling (POGO)" during his third State of the Nation Address, the atmosphere suddenly heated up, winning the standing ovation of many legislators and guests. He emphasized that POGO had become a hotbed for crimes such as fraud, money launde
The Philippine gaming industry is facing the prelude to a policy storm. Malaysia's largest investment bank, Maybank, recently issued a report warning that Philippine President Marcos Jr. might signal a comprehensive ban on online gambling and electronic games in the upcoming State of the Nation Addr
In the context of Southeast Asian countries competing for the casino economy map, the Philippine gaming market stands out with a strong growth trend. Aydemir Yuksel, a senior gaming consultant who has worked at The Venetian Macao and Marina Bay Sands Singapore, recently pointed out in an interview w
The Philippine online gambling industry has recently taken a hit. As Senator Zhang Qiaowei proposed a bill to strengthen regulation, market confidence was undermined, and several gambling concept stocks plummeted. The gaming giant DigiPlus (PLUS) saw its stock price plummet by 40% during the session
The Philippine Amusement and Gaming Corporation (Pagcor) has issued an official statement warning the public to be cautious of fraudulent gambling franchise activities conducted under the name "Lucky 7 Bingo Corporation," indicating that this may be a new scamming technique.According to Pagcor, a sc
The Philippine Amusement and Gaming Corporation (PAGCOR) has maintained its ISO 9001:2015 certification after an audit.The certification was issued by DQS Certification Philippines, reflecting PAGCOR's commitment to international quality management standards.PAGCOR Chairman and CEO Alejandro Tengco
I. Industry OverviewThe Philippine gaming industry is one of the most mature legal markets in Southeast Asia, with an expected industry size of $6 billion in 2024, of which local enterprises hold a 35% share. Under the regulation of the Philippine Amusement and Gaming Corporation (PAGCOR), local op
The government has launched a study to assess the effects of PIGOs.The Philippines.- President Ferdinand R. Marcos Jr. could impose a ban on Philippine Inland Gaming Operators (PIGOs) if they are found to be causing issues similar to those that led to the shutdown of offshore gaming operators. Clair
Malacañang Palace stated that if Philippine Inland Gaming Operators (PIGO) are found to cause social issues similar to those caused by Philippine Offshore Gaming Operators (POGO), President Ferdinand R. Marcos Jr. will not hesitate to implement a total ban.Vice Minister of Presidential Communication
Philippine Senate President Juan Miguel Zubiri recently called for a comprehensive review of the local online gambling industry (PIGOs) to assess its impact on local residents and decide whether it should continue to operate. Zubiri pointed out that although the Philippine offshore gaming oper
The gambling industry in Southeast Asia has shown a diversified development trend in recent years, with each country having its own characteristics in terms of policy regulations, market size, and development trends. Next, let's take a look at the current state of gambling development in Southeast A
The Philippine Amusement and Gaming Corporation (PAGCOR) reiterated its support for the country's Special Class Business Process Outsourcing (SCBPO) industry, recognizing its role in creating thousands of high-quality jobs for Filipinos.PAGCOR Chairman and CEO Alejandro H. Tengco assured foreign ch
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a record PHP112 billion ($1.92 billion) in revenue for 2024, marking a 41% increase from the previous high of PHP79 billion in 2023. This is only the second time revenue has surpassed PHP100 billion, following PHP104.12 billion in 201
