1. Philippines Online Gambling News Articles
2. Philippines Online Gambling News Today
3. Philippines Online Gambling News

Casino-philippines.com is part of Casino Nation, a global gaming and gambling network consisting of online casinos, igaming portals, news sites, video platforms, vlogs & blogs. The software and underlying technology of this website are provided by the company Vegassoft. The Philippines already has a flourishing online gambling sector, but its operators (POGOs) are prohibited from offering their services domestically. Instead, they focus on customers in mainland. The Philippine central bank and the anti-money laundering body has been studying the scope of the online gambling industry to determine the effect on the economy if it stopped operating. The Philippines’ gaming industry has faced waves of pressure including the threat of higher taxes and lawmakers’ calls for an outright gaming ban. Online casinos were forced to close.

Philippine high rollers will soon be allowed to place bets in the comfort of their own homes after the gaming regulator allowed integrated resort casinos to offer online gambling to partially recoup billions of dollars of lost revenues amid the coronavirus pandemic.

The Philippines is the first in the region to introduce such a move, which is part of slew of online gambling projects to attract Filipinos and, later on, foreigners to place bets and generate much-needed revenue for the government.

Anti-virus measures have seen casinos close for months and kept gamblers away.

Online gambling, which will be exclusively for Filipino high rollers, may begin as early as this month, said Philippine Amusement and Gaming Corp Chairman Andrea Domingo.

“It would be good to collect revenues and stop illegal gambling because there’s a lot of illegal gambling on social media,” Domingo said in the Asia Gaming Brief virtual forum.

Bloomberry Resorts Corp and another casino operator north of the capital have earlier secured the regulator’s approval to take online bets.

Integrated resort casinos like Okada Manila and City of Dreams of Hong Kong’s Melco Resorts & Entertainment, both in the capital Manila, have also applied for license to offer online gambling.

Filipino VIPs account for around 10% to 15% of casinos’ revenues, said Mark Gilbert, an online gaming consultant.

Philippines Online Gambling News Articles

Gross gaming revenues of the Philippine gaming sector plunged 60% to 73 billion pesos ($1.5 billion) in January to September versus the same period in 2019, data from the gaming regulator showed.

The government has been gradually easing coronavirus curbs. It allowed to casinos in the capital to reopen at 30% capacity in September.

Philippines Online Gambling News Today

The gaming regulator, which is directly under President Rodrigo Duterte’s office, is waiting to get approval to regulate online cockfighting.

Philippines Online Gambling News

($1 = 48.05 Philippine pesos) —Reporting by Neil Jerome Morales; Additional Reporting by Farah Master in Hong Kong; Editing by Kim Coghill