• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 19 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Philippines House rep Salceda says PAGCOR generating more revenue from less offshore gaming licenses under IGL scheme

Newsdesk by Newsdesk
Wed 12 Jun 2024 at 06:35
Philippines House rep Salceda says PAGCOR generating more revenue from less offshore gaming licenses under IGL scheme

House Ways and Means Committee chairperson Joey Salceda

18
SHARES
460
VIEWS
Print Friendly, PDF & Email

While some Philippine Senators continue to call for the country’s offshore gaming industry to be shut down completely, at least one politician has hailed the industry’s recovery under PAGCOR’s overhauled Internet Gaming Licencee (IGL) regime.

Albay Rep. Joey Salceda, the chairperson of the House Ways and Means Committee, on Tuesday lauded PAGCOR’s performance in collecting 71% more revenue from IGLs last year than in 2022 under the POGO scheme, despite less licenses having been issued.

According to a report by Philippine News Agency, the regulator had therefore “changed the landscape” surrounding offshore gaming licences by cracking down on POGOs, ensuring offshore gaming was a “controlled but contributory sector” of the economy.

“Ever since the appointment of Chairman Al Tengco, and later on, by President and COO Amy Eisma, PAGCOR has been modernizing its policies and practices,” Salceda said in a statement.

“The licensing regulations on offshore gaming, now known as Internet Gaming Licensees under PAGCOR’s revised rules, have significantly improved revenue collections, despite also reducing the number of total licensees. In other words, we’re choosier about who we license, and we also collect more from each licensee.”

Specifically, Salceda pointed to PAGCOR data showing that Php5.1 billion was collected from 87 licensees in 2023 versus Php2.99 billion from 158 POGO licensees in 2022. This followed Tengco’s announcement last year that all POGOs would be placed on a probationary stance and required to reapply for a new IGL license in an effort to clean out bad actors.

Referencing recent calls by senators to abolish all offshore gaming licenses, Salceda said, “As far as a supposed ‘phase-out’ is concerned, that’s the kind of phase-out I fully support: You phase out the bad and mediocre licensees. You don’t phase the whole industry out. You enforce the law.”

He also said that IGLs now directly employed around 8,500 Chinese workers today compared with as many as 200,000 directly and indirectly under POGO. Of the 100,000 indirect hires of IGLs presently, around 25,000 are Filipinos, he added.

“No one talks about it too much, but I think it deserves to be said: It was PAGCOR who made the first move to catch the illegal operations,” Salcedo said of recent raids on illegal POGO compounds.

“I just wish PAGCOR would be more media savvy about their accomplishments, because they’re one of the best performers in the government corporate sector right now. And they deal with sensitive concerns that the public should know.

“PAGCOR has been enforcing rules on POGOs better, and they are turning the sector into an industry that creates more jobs for Filipinos and no longer relies exclusively on Chinese demand or labor.”

RelatedPosts

Udenna subsidiary given US$42.5 million cash advance to complete first Philippines IR outside Manila

PH Resorts Group derecognizes almost US$400 million in property, financial liabilities linked to failed Emerald Bay project in Cebu

Mon 18 Aug 2025 at 06:03
Philippines eGames service provider PhilWeb back to profit in 1Q24

DigiPlus net income hits US$147 million in 1H25 as eGames sector keeps growing

Fri 15 Aug 2025 at 05:28
Philippines senator calls for PAGCOR to split in two on conflict of interest concerns

Philippines’ central bank orders removal of online gambling links from e-wallets as senate hearing gets underway

Fri 15 Aug 2025 at 04:59
Resorts World Manila changes name to Newport World Resorts

Mass gaming growth, lower expenses help Newport World Resorts grow 2Q25 EBITDA by 21% quarter-on-quarter

Thu 14 Aug 2025 at 14:41
Load More
Tags: Internet Gaming LicenseesJoey Salcedaoffshore gamingPAGCORPhilippinesPOGO
Share7Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

1xBet nominated for major honors at prestigious SBC Awards Europe 2025

1xBet nominated for major honors at prestigious SBC Awards Europe 2025

by Newsdesk
Tue 19 Aug 2025 at 05:30

For the past 12 years, the international SBC Awards Europe has highlighted contributions of operators, affiliates and platform providers from all sectors to the iGaming industry growth. This year, the global betting company 1xBet received nominations in three categories: Marketing...

Genting’s KT Lim moving to take New York’s Resorts World Catskills private

Maybank IB: Genting Malaysia earnings to climb 24% in FY26 on “positive” sale of New York resort’s non-gaming assets

by Ben Blaschke
Tue 19 Aug 2025 at 05:26

The planned sale of the non-gaming assets of New York state’s Resorts World Catskills (RWC) casino-resort could boost Genting Malaysia’s 2026 earnings by as much as 24%, said Maybank Investment bank in a Monday note. As reported by IAG, Genting...

Hong Kong Chief Executive claims to have discussed “travel bubble” with Macau

Hong Kong Stock Exchange to cancel the listings of casino investors LET Group and Summit Ascent

by Ben Blaschke
Tue 19 Aug 2025 at 04:54

Casino investor LET Group Holdings and its subsidiary Summit Ascent Holdings – operator of Russia’s Tigre de Cristal – will be delisted from the Hong Kong Stock Exchange at the end of the month following a decision by the exchange’s...

A New Macau

Citi: Macau GGR continues to show strength through first half of August as “black rain” event fails to keep players away

by Ben Blaschke
Mon 18 Aug 2025 at 16:16

Macau’s gross gaming revenues are estimated to have grown 4% week-on-week in the seven days to 17 August 2025, implying a daily run-rate of MOP$729 million (US$90.4 million) and continuing the city’s impressive growth spurt. According to sources cited by...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English