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Pagcor FY 2016 remains optimistic
PAGCOR REPORTS STRONG PERFORMANCE IN FY 2016
Amidst the disruption caused by presidential clampdowns on online gambling, regulator remains optimistic.
With Philippines president Rodrigo Duterte's clampdown on illegal gambling now in full swing in the Philippines, the national regulator Philippine Amusement and Gaming Corp. (Pagcor) released its FY 2016 performance figures this week, reporting that GGR from its licensing, fees and other activities rose 17 percent to P55 billion (US$1.1 billion).
Chairman Andrea Domingo boasted in a statement Wednesday:
“Not only were we able to maintain our revenues, but we were actually able to improve.”
She added that Pagcor received a little help from the Supreme Court, which ruled last year that the Bureau of Internal Revenue should not collect income taxes from the regulator and its licensees.
“Even without this extraordinary income, Pagcor would have still improved revenues in 2016 by about P4.5 billion,” she noted, adding that the position this year looks even more promising following the president's decision to allow Pagcor to issue new Philippine Offshore Gaming Operators (POGO) licenses.
“We have granted 35 POGO licenses to local operators, but we have many expressions of interest from abroad,” Domingo said.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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