PAGCOR is making waves – Latest gambling changes in the Philippines

10 May 2017

gambling changes PhilippinesPAGCOR, the regulatory authority for sports betting and casino gambling in the Philippines, has indeed had a busy week. They have decided to implement two significant changes that are sure to severely change gambling in South East Asia.

Privatization of land based casinos

According to reports,  the Philippine Amusement and Gaming Corporation has decided to sell all of their 46 land based casinos by the end of 2017. The main reasons indicate a conflict of interest, given that many claims have arisen about unclear procedures regarding the regulation of competing casinos. However, according to finance secretary Carlos Dominguez, the decision was mostly taken in order to raise funds for the state, as it is projected that it will be impossible to keep up with foreign competitors.

New licences for sportsbetting

Additionally, PAGCOR will implement a new licensing system, specifically designed for wagering on sportsbetting events. The new licences are deemed necessary to any operators that wish to receive bets on "such events as  horse or dog races, but not limited to them”. Any bookmakers that successfully apply for the new sportsbetting licences, will have to pay the according fees to PAGCOR, plus 1.5% of their monthly GRR.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from regarding betting promotions, betting guides and news.

UFC 286: Edwards vs Usman Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, March 18 at the 02 Arena in London. UFC 286, starting at 19.00 local time, features...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more » Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more » Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

1xBet Nominee In Multiple Categories At 2023 IG Awards Featured Image

Established back in 2007, 1xBet is considered one of the leaders in the sports betting industry. Therefore, the 11 nominations the brand received for ...

Read more »

BetConstruct Cryptocurrency Transactions Allowed By MGA Featured Image

The Malta Gaming Authority has given BetConstruct, a member of the Vivaro Limited Group, permission to begin accepting bitcoin and other cryptocurrenc...

Read more »

Newcastle United Odds On Premier League Top-4 Finish Slashed Featured Image

Following an emphatic 3-0 away victory against Leicester on Boxing Day, Newcastle United have established their spot in the English Premier League Top...

Read more »

bookmaker banner
bookmaker banner