The Asia Gaming Brief, an online gambling news site for the South East Asia region, is hosting a December 9 online forum, and PAGCOR CEO Andrea Domingo will be in attendance.
It is no secret that POGO, a Philippine maritime game operator, has lost popularity on the island.
The venues, which have been in operation since 2016, offer online gambling games only to overseas customers, mainly mainland Chinese.
Pogo is strictly prohibited from providing their services to Filipino residents, which has always limited their influence and taxability, making it ideally unprofitable for Philippine Play and Game Companies (PAGCOR).
But there are other problems with this model.
These places were already in the minds and minds of many local lawmakers, with POGO increasing illegal immigration to the Philippines, as well as causing a measurable increase in domestic organized crime.
Since then, the Philippines’ pogo industry, which once consisted of more than 60 licensed operators, has declined to 36 registered companies, mostly offline, as immigration crackdowns have increased and widespread coronavirus lockdowns have exacerbated pogo operational shortages.
Pogo looks like the whole world is escaping.
Fortunately, the Philippines does not need a proclamation to make money from the online gambling sector.
The infrastructure is clearly in place, and local demand is abundant.
Instead of limiting these games to offshore players and dealing with the socio-political nightmare Pogo has come to represent, Korea is well positioned to turn to its own people.
As PAGCOR recently allowed land-based casinos to apply for an iGaming license to serve native Filipinos to recover some of the revenue lost during the Wuhan coronavirus pandemic, the door has finally opened to online casino gambling and sports betting here.
To that end, the dream city of Manila has been granted an online operator license, but is undergoing a technical review of the software before the service starts.
Meanwhile, PAGCOR issued one of the so-called eGames licenses (separate from the POGO license) to DFNN Inc.
DFNN’s Inter-Active Entertainment Solutions, a subsidiary of the popular electronic game brand, has been in operation since 1999, and its electronic casino games are mainstream in famous casinos in the Philippines.
Through online gambling, DFNN can immediately provide people with its rich expertise.
Calvin Lim, CEO of DFNN, is the new InPlay.The ph website has announced that it will soon be online, offering “VIP” members the opportunity to play mobile casino games in Korea.
Since the Philippines historically allows legal gambling only to citizens who earn legally an annual income in retail casinos, it is questionable whether online gambling will expand to “non-VIP” residents in the future.
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