Daily Asia Gaming eBrief: PAGCOR must prove itself re POGOs

Tuesday 14th of November 2023

Good Morning: Under pressure. The Philippine gaming regulator PAGCOR is facing a tough challenge from opponents of offshore gaming operators, battling uphill to prove their worth amongst a spate of recent raids and arrests. A top lawyer breaks down how a full POGO ban could come about, and other opportunities the regulator is exploring. Meanwhile, in Macau, gross gaming revenue in the first 12 days reached $747 million, according to analysts at Citigroup.

What you need to know

Lawyer Marie Antonette says PAGCOR is still under strong pressure to prove that it has the ability to supervise and regulate POGOs.
Casino gross gaming revenue (GGR) in Macau reached $747 million in the first 12 days of November, according to estimates from Citigroup.

On the radar

Ainsworth confirms reports that it is exploring privatization.
Senator Gatchalian pushes review of tax IDs, says misuse facilitates illegal POGOs.
Waterfront Philippines sees 80 percent drop in 3Q23 profit.
MGS Entertainment Show returns for first in-person event in four years.

AGB Intelligence

PHILIPPINES

Pressure is on for PAGCOR re POGOs: Lawyer

A top industry lawyer says that the Philippine regulatory body PAGCOR is under pressure to prove that it can effectively oversee offshore gaming operators (POGOs/IGLs) even as calls for a total ban on the operators increase. This comes even as the operator is given more leeway to license additional gaming sites and continues to explore additional income streams.

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