The Philippine Amusement and Gaming Corporation (PAGCOR) continues to ban offshore gaming clubs in order to establish safety and security in the country. After canceling the gaming license for CGC Technologies last week, PAGCOR decided to cancel the provisional accreditation of another offshore gaming hub, Sun Valley Clark in Clark Freeport. Illegal activities: Alejandro Tengco, the Chairman and CEO of Pagcor, commented on this, saying that Sun Valley isn’t a good candidate for issuing full accreditation in the Philippines. On […]

The post PAGCOR Keeps Fighting Against the Crime, Canceled Sun Valley Clark POGO Hub’s Accreditation appeared first on World Casino News.

As Inside Asian Gaming reports, the Philippine Amusement and Gaming Corporation (PAGCOR) said that it has cancelled the accreditation of CGC Technologies Inc, a Philippine offshore gaming operator (POGO). According to the Philippine regulatory body, its investigation found that CGC Technologies Inc was involved in illegal activities. Alleged Criminal Activities: The source also reports that PAGCOR has imposed a fine to the service provider’s POGO parent, Oriental Game Limited. The regulator alleged that the fine was imposed due to the […]

The post PAGCOR Cancels Gaming License of CGC Technologies, Operator Faces Criminal Charges appeared first on World Casino News.

After a troubling few months and many issues, the Philippine Amusement and Gaming Corp (PAGCOR) had, along the way, made an important decision. Philippine Offshore Gaming Operators (POGO) was shut by PAGCOR earlier this month, and now the licenses of offshore gaming operators who were involved in any illegal activities will be canceled in the Philippines.  Serious accusations: PAGCOR decided to shut POGOs after some serious accusations were made. Operators were accused of credit card fraud, illegal detention, and activities […]

The post PAGCOR Shut POGOs in the Philippines, CGC License Suspended appeared first on World Casino News.

The Philippine casino sector continued growth in the fourth quarter of 2022 to generate almost PHP56.01 billion (US$1.02 billion) in gross gaming revenue (GGR) as of December 31. This level exceeds the third quarter’s figures by 13.5 % and represents a 96.2 percent higher revenue value than the one achieved over the same period last year. Still, the figure referring to the casino industry’s revenue does not include bingo, electronic games, and “e-sabong” (online presented cock-fighting) betting operations.  GGR amounted […]

The post Philippine Gross Gaming Revenue Grew by 91 Percent in 2022 Over the Previous Year appeared first on World Casino News.