• Wed. Apr 17th, 2024

cod manila

  • Home
  • Philippines gambling regulator stops accepting iGaming license applications

Philippines gambling regulator stops accepting iGaming license applications

The head of the nation’s gambling regulator in the Philippines has reportedly announced that the authority has stopped accepting license applications that give domestic iGaming firms the ability to offer their services to offshore markets.

According to a report from GGRAsia, Andrea Domingo serves as the Chief Executive Officer for the state-run Philippine Amusement and Gaming Corporation (PAGCor) regulator and made the revelation during a Monday news conference. She purportedly also detailed that the move was initiated some three weeks ago and came after several local legislators had expressed doubts over the authority’s ability to accurately monitor and collect tax revenues from such operations.

POGO profitabilit…