Philippine Charity Sweepstakes Office

Value of Manila casino stocks rise on the back of Duterte reconsideration

July 8, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Philippines

In the Philippines and the individual share prices for some of the nation’s largest casino operators have reportedly risen sharply following a dramatic change of heart from President Rodrigo Duterte (pictured)....

Manila casinos staying closed despite partial lifting of coronavirus restrictions

Adam Morgan

April 12, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Lottery, Philippines

In the Philippines and President Rodrigo Duterte has reportedly announced the partial easing of a strict set of quarantine measures brought in some two weeks ago in order to help stop the spread of the coronavi...

Belle Corporation counting the cost of coronavirus lockdown

Adam Morgan

October 23, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Philippines

Philippines real estate and gaming firm Belle Corporation has reportedly announced that its net income for the first nine months of 2020 has fallen by 96.4% year-on-year to approximately $1.91 million owning to...

Philippines contemplating casino sale to help fund coronavirus fight

Adam Morgan

April 14, 2020

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Philippines

In the Philippines and a senior opposition politician has reportedly suggested that his nation could sell off its estate of 47 casinos in order to raise much needed cash to help combat the local spread of the c...

President Duterte reverses PCSO closure decision following inquiry

Adam Morgan

July 31, 2019

Latest Casino and Gambling News, Casino News, Casino closures, Economy/Finance, Lottery, The Players Lounge, Crime, Philippines

Less than five days after ordering the Philippine Charity Sweepstakes Office (PCSO) to suspend all operations, and Philippines President, Rodrigo Duterte, has now reversed this decision. According to reports...

Firms plead with President Duterte to reconsider PCSO closure

Adam Morgan

July 30, 2019

Latest Casino and Gambling News, Casino closures, Economy/Finance, Lottery, The Players Lounge, Crime, Philippines

Philippines President, Rodrigo Duterte, has reportedly ordered the Philippine Charity Sweepstakes Office (PCSO) to close every one of its lottery and gaming operations amid allegations that there is ‘massive co...

Philippines officials to be investigated over casino graft claims

Adam Morgan

September 29, 2018

Latest Casino and Gambling News, Casino News, Licenses, Crime, Bribery, Philippines

In the Philippines, the Office of the Ombudsman is reportedly set to investigate a pair of councilors for the city of Paranaque over allegations that they may have accepted ‘grease money’ in order to help fast-...

Philippines casino regulator facing possible legislative shake-up

Adam Morgan

November 28, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Licenses, Philippines

In the Philippines, a senior federal lawmaker has reportedly proposed legislation that would drastically alter the role of the nation’s Philippine Amusement and Gaming Corporation by transforming the body into ...

PCSO launches expanded Small Town Lottery in Philippines

K Morrison

January 25, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Lottery, Philippines

In an effort to eradicate illegal gambling in the Philippines, on Tuesday, the Philippine Charity Sweepstakes Office (PCSO) officially launched its expanded Small Town Lottery (STL), according to local sources....

Philippines DOJ investigates allegations of Small Town Lottery tax evasion, begins online casino crackdown

Renee Kingsley

January 16, 2017

Latest Casino and Gambling News, Unlicensed Operation, Asian Casino News, Tax Evasion, Taxation, Philippines

Following investigations into lapses in the payment of taxes in small town lottery (STL) in the Philippines, the Department of Justice (DOJ) has decided to crack down on illegal online casinos. The move comes s...

Philippines regulator revokes 124 online gambling licenses

Adam Morgan

August 1, 2016

Latest Casino and Gambling News, Online Gambling News, Licensing, Philippines

As it steps up efforts to stop operations that cater to local players, the Philippine Amusement And Gaming Corporation has reportedly revoked 124 online gaming licenses over the past month and intends to deny u...