ended their run<\/a> because they weren’t playing by the rules. The Philippines’ Anti-Money Laundering Council (AMLC) highlighted in an updated list last week that six of the companies never registered with the entity. This requirement was established as the POGO space moved from its Wild West state to become a controlled market years ago.<\/p>\n<\/div>\nAs a result of the exit, POGO GGR fell considerably. In 2020, the market was responsible for a revenue of PHP5.28 billion (US$101 million). Last year that fell to PHP3.47 billion (US$67 million). PAGCOR expects a further drop to as low as PHP1.67 billion (US$32 million) this year.<\/p>\n
PAGCOR Needs to Address Sabong Market<\/h2>\n
During yesterday’s media gathering, the subject of sabong and e-sabong came up. The cockfighting market is plagued with issues, and lawmakers want action. Senator Panfilo Lacson wants PAGCOR to be more proactive in regulating the gambling aspect of the activity.<\/p>\n
However, according to Domingo, there should be an independent regulator for e-sabong. This would allow PAGCOR to focus on casinos and not lose momentum.<\/strong><\/p>\nLacson isn’t convinced that this is the best solution, asserting that adding a new regulator to the gaming space is counterproductive. It doesn’t meet the country’s goal of streamlining its operations.<\/p>\n
Sabong and its betting component aren’t likely to go away anytime soon. President Rodrigo Duterte has already asserted<\/a> his support for the activity due to its revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"The Philippines is finally beginning to recover from COVID-19. As it lifts more health restrictions, the country’s gaming regulator is confident that a dramatic shift in casino and gaming revenue is coming quickly. The Philippines has begun the task of recreating stability in its economy following its lengthy battle with COVID-19. It is beginning to […]<\/p>\n","protected":false},"author":64,"featured_media":211100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[],"acf":[],"yoast_head":"\n
PAGCOR Expects Gaming Revenue to Double Even as POGOs Lose Ground - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n