Search Results for: Philippines
Peso depreciation: ‘Preparing for the worst’
October 4, 2022
MANILA, Philippines—As many weigh in on the benefits and risks of the peso’s depreciation, an economist suggested that the cou...
PAGCOR insists spate of illegal online gambling arrests not linked to POGOs
September 29, 2022
Philippines gaming regulator PAGCOR has issued a statement in response to recent reports of illegal online gaming operations being...
Lawmakers, businesses against outright ban on POGOs
September 29, 2022
A section of lawmakers and some businesses are against an outright ban on POGOs, citing the potential economic impact. This comes ...
POGO-related kidnapping cases on the rise in 2022: Philippine National Police
September 28, 2022
The Philippine National Police (PNP) released updated figures around the country’s POGO-related kidnapping cases on Tuesday, con...
Thailand and Cambodia Continue Crackdown on Illegal Gambling
September 28, 2022
Authorities in the ASEAN region continue to show their resolve against illegal gambling by shutting down operations and arresting ...
Philippine economy to grow 6.5pct in 2022: IMF
September 28, 2022
The International Monetary Fund (IMF) has cut its estimate for 2022 economic growth in the Philippines, due to “global economic ...
PAGCOR cancels 175 POGO permits, repatriates 3,000 Chinese nationals
September 28, 2022
As of September 14, the Philippine Amusement and Gaming Corporation (PAGCOR) has canceled the permits of 175 POGOs, which employ a...
Landing’s Jeju Shinhwa World casino narrows 2H2022 loss
September 21, 2022
Landing Group posted a 45.1 percent increase in revenue on increased domestic demand, narrowing Jeju Shinhwa World’s casino loss...
Alvin Chau says “betting under the table” rife in Macau but denies Suncity involvement
September 21, 2022
The trial of Alvin Chau continued on Tuesday afternoon, with the former Suncity Group CEO claiming that, “to my knowledge, all t...
Alvin Chau pleads not guilty, denies charges as Suncity trial gets underway
September 20, 2022
The trial of former Suncity Group CEO Alvin Chau began on Monday, with 10 defendants in attendance. Chau, listed as the first defe...