Casino Gaming News Philippines

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Casino gaming news philippines 2019

Metro Manila (CNN Philippines, March 15) — The Philippine Amusement and Gaming Corporation (PAGCOR) on Sunday ordered the suspension of all casino and other gaming operations in Metro Manila amid the increasing threat of coronavirus disease or COVID-19 in the country.

Land-based casinos, electronic games, bingo, sports betting, poker, and slot machine clubs operations will be suspended immediately. PAGCOR said the order will remain until the duration of the community quarantine imposed on Metro Manila.

Casino Gaming News Philippines 2019

Gross gaming revenues of the Philippine gaming sector plunged 60% to 73 billion pesos ($1.5 billion) in January to September versus the same period in 2019, data from the gaming regulator showed. The Philippine Amusement and Gaming Corporation (PAGCOR) is the Philippine Government body, founded in 1976, that has the responsibility for governing the casino industry. PAGCOR is 100% owned by the Philippine government, and is a controlled corporation under the Office of the President of the Republic of the Philippines. The Philippines has allowed a land-based casino to accept bets online and is reviewing two other requests in a move that could help operators mitigate losses from the pandemic. Gaming stocks rose. A gaming management team headed by former executives of Las Vegas Sands Corp. Was removed as operators of a $1.2 billion hotel-casino complex in the Philippines late Thursday. HOME News Philippine Casinos Set to Launch Online Gambling Soon December 10, 2020, 9:09 am Philippine high rollers will soon be able to gamble remotely with some of the country’s casino resorts as part of the Philippines’ efforts to offset at least a portion of the revenue losses caused by the closure of land-based gambling venues due to.

PAGCOR said Philippine offshore gaming operations (POGO) will remain, but with limitations. The state-run agency said only a minimum number of workers will be allowed in their workplaces. Latest available government data show that POGO service providers have about 108,914 employees.

The rest of POGO workers will be restricted to their living quarters where they will observe social distancing and quarantine protocols, PAGCOR said.

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'PAGCOR believes in the seriousness of the COVID-19 situation. Hence, it supports the government’s extreme effort in containing the virus. For its part, the state-run gaming agency has decided to prohibit public gatherings in its gaming venues and in the licensed gaming properties that it regulates,' it announced on its Facebook page.

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It added that operations of PAGCOR properties will likewise be suspended in areas outside Metro Manila if the local government declares a community quarantine.