Pagcor now accepting 25 online gaming license applications
Philippines President Rodrigo Duterte said he was unhappy with e-bingo and e-gaming establishments in the country targeting poor Filipinos and making profits out of their losses. He instructed the Philippine Amusement and Gaming Corp. (PAGCOR) to not renew the gaming licenses of PhilWeb, the biggest e-gaming provider in the Philippines which operated 286 gaming cafes.
The shutdown of the e-gaming industry in the Philippines is expected to cost the country around P10 billion in annual revenue. In order to offset these major losses, the government has instructed Pagcor to regulate online gambling from their jurisdiction. The online casinos will not be accessible to locals. PAGCOR recently announced that it had begun the process of issuing offshore gaming licenses and invited intere…
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