BusinessWorld
April 28, 2021 | 7:40 pm
Gross income from gaming operations fell 54% to P8.363 billion.
The government-owned and -controlled corporation, which is required by law to remit 50% of its profits to the National Government, remitted P3.96 billion to the Treasury. The dividend paid to the government was roughly half of the P8.2 billion it remitted a year earlier.
Excluding gaming taxes and its contributions to the National Government, net gaming revenue was P4.535 billion, down 48.9% from a year earlier.
Expenses fell 13.75% year on year to P4.383 billion in the three months to March.
PAGCOR Chairman and CEO Andrea D. Domingo, at a forum Tuesday, attributed the performance to the continuing restrictions, with casinos and other gaming establishments forced to limit their operations or shut down entirely.
Okada Manila operator approved for Philippines online gaming license
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Philippines gaming regulator PAGCOR has approved Tiger Resort, Leisure & Entertainment, Inc (TRLEI) to conduct online gaming operations out of its integrated resort Okada Manila.
According to a filing by parent company Universal Entertainment Corp, TRLEI has received a letter from PAGCOR dated 19 April “approving entry into online gaming for table games and electric gaming machines as the first among the four integrated resorts comprising Entertainment City in Metro Manila.”
Universal added it plans to launch online operations as soon as it completes test simulations and clears all necessary conditions, including confirmation of compliance with casino and AML regulations and payment of license fees.
SunStar
+ April 24, 2021 THE Department of Labor and Employment (DOLE) is warning the public against the illegal recruitment being perpetrated by certain Philippine Offshore Gaming Operators (Pogo) in the country.
This was after the Philippine Amusement and Gaming Corporation (Pagcor) verified that certain Chinese companies are operating in the country as Pogo without license, accreditation, nor pending application with its Online Gaming and Licenses Department (OGLD).
In a report from the Philippine National Police-Anti-Kidnapping Group (PNP-AKG), a Taiwanese identified as Wu Keng-Hao came to the country on February 26, 2021, to work for an online gaming company.
Wu told the police that he was lured to apply to work for Pogo through a social media account of Chinese firm Yinghuang Yule, which promised a 13,000 Renminbi (P97,000) monthly salary.
Published April 23, 2021, 4:22 PM
Deparrment of Labor and Employment (DOLE) Secretary Silvestre Bello III has warned the public against dealing with alleged Philippine Offshore Gaming Operators (POGO) that use social media for their recruitment activities.
Bello, in a statement Friday, April 23 , said there are unscrupulous groups out there that “promise to give attractive salary packages” to their victims but end up causing them “serious financial and emotional problems”.
“It would be prudent to verify first the registration of such companies with relevant government agencies prior to engaging with them,” said the Cabinet official.
Bello made these remarks after DOLE learned of the illegal recruitment being perpetrated by certain local companies posing as POGOs.
SunStar
+ April 23, 2021 THE Department of Labor and Employment (DOLE) on Friday, April 23, 2021, warned jobseekers against dealing with illegally operating Philippine Offshore Gaming Operators (POGO).
In a statement, Labor Secretary Silvestre Bello III said these illegal POGOs use the social media for their recruitment activities.
They offer attractive salary packages but have caused serious financial and emotional problems, Bello said. It would be prudent to verify first the registration of such companies with relevant government agencies prior to engaging with them, said Bello.
The DOLE issued the warning after the Philippine Amusement and Gaming Corporation (Pagcor) verified that certain Chinese companies are operating as POGO without license, accreditation, or even a pending application.