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Pagcor received 76 Gaming License Applications
KEN INTEREST IN PAGCOR OFFSHORE LICENSING
Philippines regulator says it has received 76 applications.
The Philippine Amusement and Gaming Corp (Pagcor) says that there is keen interest among offshore operators for its licenses as the e-gaming starts to reacquire some equilibrium after the recent unsettling decisions by government
Pagcor chief Andrea Domingo claims that since Pagcor started accepting applications in mid-September it has received 76 applications from operators for its offshore gambling licenses, and that she expects the successful applicants for the initial 25 one-year licenses to be announced soon.
Domingo said that applicants were aware that Pagcor might change licenses and rules after the initial one-year licensing period. She added that the initial months of operations under the new licenses would be used by Pagcor to assess and evaluate both operators and the efficacy of the licenses.
The licenses cover e-casinos using both live dealer and random number generator technologies, along with online sports betting, with the service provider entitled to use the title Philippine Offshore Gaming Operator.
Pagcor is charging application and processing fees of US$50,000 for e-casino licensing, and US$40,000 for online sportsbetting licenses. Once approved, operators will have to cough up a further US$200,000 (e-casinos) and/or US$150,000 (sportsbetting)
Operators are specifically barred from accepting wagers from Filipino punters.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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