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Increase In Online Gaming Revenue Due To Strict Enforcement Of Regulations – PAGCOR

Increase In Online Gaming Revenue Due To Strict Enforcement Of Regulations - PAGCOR
Increase In Online Gaming Revenue Due To Strict Enforcement Of Regulations - PAGCOR

According to The Philippine Amusement and Gaming Corporation (Pagcor), the principal regulatory authority in the gaming and gambling industry in the Philippines, the igaming revenue increase for 2018 is primarily because of the strict enforcement of regulation in the country.

The Philippine offshore gaming operators (POGO) have significantly increased their revenues. The foreign gaming operators were allowed to get in the Philippines market in 2016.

Andrea Domingo, the top official at PAGCOR, said that POGO grossed PHP657 million in 2016 in revenues. In 2017 the revenues grew to PHP3.924 billion and now in 2018 POGO revenues almost doubled to PHP7.365 billion.

According to Domingo this significant increase in the revenues is a result of PAGCOR’s strategic moves including working with other government agencies to successfully enforce the igaming laws in the country.

In 2017, there was an executive order given by Philippine president Rodrigo Duterte which called for multiple agencies to work against illegal online gambling. The executive order also classified the roles and responsibilities of the government agencies to avoid any potential conflict.

2017 executive order also reinforces PAGCOR’s authority to regulate all games of chance including online casinos, sports betting, etc.

Other agencies that formed a part of the Inter-agency vigil against illegal online gaming are Philippine National Police (PNP), three agencies under the Department of Justice: the National Bureau of Investigation (NBI) and the Bureau of Immigration and the Office of Cybercrime.

In their statement, PAGCOR also emphasized on their co-operation with the other agencies over the past two years. PAGCOR has also been involved in a controversy over an ordinance brought in by the Mayor Quezon City as it has opposed the Mayor’s move citing that Quezon city has no such authority according to the executive order from the President.

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Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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