Pagcor opens door to online gaming

Philippine gaming regulators are bracing for a new challenge now that they’re planning to assume oversight of the nation’s online gambling industry. The Philippine Amusement and Gaming Corporation (PAGCOR) plans to issue its first batch of online gambling licenses by the end of October, one month after the regulator announced plans to license PAGCOR ‘offshore’ gambling operators (POGO). PAGCOR Chair Andrea Domingo is to be applauded for taking steps to further the development of its online gambling industry, which will benefit the local economy while offering PAGCOR-licensed operators the stability they require to further their business goals. While the bulk of the Asian-facing online gambling industry has made the Philippines home for years, creating thousands of high-paying jobs and bringing in substantial investments into the local economy, oversight of these operators was largely handled by the First Cagayan Leisure and Resort Corp in the Cagayan Economic Zone Authority, as PAGCOR focused on...

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