Industry Updates

Latest Industry Updates

2 days ago

PH Office Leasing Market Expanded By 4% Despite POGO Ban

A report shows that the Philippine office leasing market expanded by 4% despite the ban on Philippine Offshore Gaming Operators (POGOs). ...

2 days ago

Macau Launches Digital Currency; May be Linked to RMB, HKD

Macau hopes that its e-MOP prototype will be used to connect the digital Macau Pataca with the digital renminbi and the digital Hong Kong...

2 days ago

PAGCOR Partners with SMC for New Headquarters

PAGCOR will get a new 40,000 sqm. headquarters near the airport, thanks to a 25-year lease with San Miguel Corporation. San Miguel...

3 days ago

Online Gaming Now PH Largest Gaming Tax Contributor

A report by Morgan Stanley showed the Philippine government collected US$490 million in taxes from the online gaming sector in the third...

3 days ago

Macau Gaming Tax Revenue Hits $1 Billion in November 2024

Gaming tax revenue for the first 11 months of 2024 hit MOP81.04 billion ($10.12 billion), up 37.2% year-on-year, per the Financial...

6 days ago

IACAT Notes "Absence of Provision" for Seized POGO Properties

53,700 POGO licenses had been canceled as of November 29, 2024, with 18 internet gaming licensees voluntarily surrendering their permits....

Dec 12

POGOs Brought in P166.49 Billion According to Dept of Finance

According to the DOF, the economic costs of POGOs amount to a total of P265.74 billion, which outweighs the supposed benefits amounting...

Dec 12

POGO Exodus Leaves 274,000 sqm of Office Space in 2024

Philippine Offshore Gaming Operators (POGOs) vacate 274,000 square meters of office space in 2024, mostly in the last two months, due to...

1