Pagcor Increases The Number Of Online Licenses

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January 28, 2022
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Pagcor Increases The Number of Licensed Licenses to Gambling Online

The edition asia gaming brief, being the organizer of the webinar "life after pogo", reported that chairman of the philippines amusement and gaming corporation andrea domingo during the conversation outlined some key criteria for issuing licenses for online activities.

According to her, in addition to an attempt to increase revenues during covid-19, the government seeks to eradicate illegal gambling in the country spreading in the country.

The license was already issued by bloomberry resorts solaire resort and casino in manila, okada manila and city of dreams manila were applied, as well as a certain unnamed casino in subic bay. Two more licenses were issued to game platforms, one – dfnn division.

All terrestrial casinos in the country have the right to apply for a license rates only from registered to receive rates only from registered vip players in the potential market size.

An expert ag brief for gambling business mark gilbert, who is a veteran of the industry with a 29-year experience both land and network, asked:

"You excluded players from china, cut off players from abroad, and then – all risers to get to vip, and i risk assuming that you are probably controlled from 10 to 15 percent of the business. So, if we can return these 15 percenta, it it better than nothing, but it will not save casino operators ".

According to him, this option shold be accessible to all registered players in the country in the presence of appropriate customer identification procedures. For ground games operators, this decision offers an interesting potential subect to absolute confidence that the philippines will be protected and the players will not be allowed to make rates. Currently, most large companies develop their digital business, but the work only on regulated markets and are in no hurry to asia.

Another potential problem with new licenses – payment systems. Currently, customers need to physically make funds to their accounts and withdraw winnings from the casino. On the one hand, it reduces the initial costs for operators, but does not provide present experience online games.

Domingo suggested that therere in the future, stating in the main problem is that the rate is registered, and the state of revenues.

As for filipino offshore game operators (pogo), domingo emphasized especially, the situation stabilized.

"Rising prices in manila, problems with immigration visas and the need to pay taxes as a condition for renewing work after a pandemic led to the outcome of this sector. A total of 35 out of 61 enterprises resumed their activities.

By the end of the year we will have a positive profit of 33-34 billion pesos ($ 685.4 million – 706 million dollars), despite the fact that we will only be open four or five months. To the second quarter in 2021 we will return to the level of 2019.

She also reported that four new pogo license orders were received, and pagcor focuses on markets outside southeast asia.

Source: asia gaming brief edition

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