Banning online gambling in the Philippines would have little impact on the economy, the country’s central bank governor has said, adding he would prefer the firms to leave the country.
The Philippine Gaming and Amusement Corp (PAGCOR) has said it will stop accepting new applications for offshore online gaming licenses after Beijing called on Manila to crack down on gambling operations targeting its citizens.
The Philippines’ Department of Finance supports the creation of two hubs to house Philippine Offshore Gaming Operators, despite misgivings from Beijing that the plan may violate the rights of its workers in the sector, local media reports.
China has issued a strongly worded statement calling on Manila to protect its citizens working in the country and warned that all forms of gambling involving Chinese gamblers, or targeting the mainland are illegal and will be stamped out.
The Philippines is tightening rules on employment visas for foreigners after surging numbers of workers flocked into the online gaming industry in recent years.
Hong Kong-listed Imperial Pacific will pay $3 million to settle U.S. Department of Labor claims that construction workers weren’t paid minimum wages and overtime, the AP reports, citing court documents.
Imperial Pacific International is facing further disruption at its unfinished Saipan property after new visa regulations further dried up the labor pool available to complete the long-delayed project.
The Philippine Bureau of Internal Revenue (BIR) is asking for PAGCOR’s assistance in assuring Philippine Offshore Gaming Operators (POGOs) register with the tax department before their licenses can be renewed.
The Philippine market regulator plans to carry out random inspections of Philippine Offshore Gaming Operators amidst concern they are employing illegal foreign workers, according to media reports.
The Philippines plans to crackdown on illegal foreign workers in the country’s casinos and online gambling industry, according to local media reports.
An effort to save a program that allows the Northern Mariana Islands to import labor is likely to fail due to recent cases of abuse and visa fraud, th
The South Korean government has decided to fire all 226 employees of Kangwon Land who were found to have obtained their jobs through nepotism. "Presid
Hong Kong-listed Imperial Pacific finally opened the casino portion of its $3.1-billion IR project on the Pacific island of Saipan on July 6, though the group still faces hurdles in completing the resort. The company has generated considerable buzz since...
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