Bookie Pay Per Head Forum

The most comprehensive and helpful Bookie Pay Per Head Forum where bookies, bookmakers and sportsbook owners discuss various topics about owning a gambling operation. Everyone is welcome to join and partake in friendly and polite conversations about the running a gambling site or the industry in general. Whether you already own a casino, sportsbook, poker or betting site or are considering becoming a bookie, we hope you enjoy your time in this forum.

Pagcor Shifts to Pu...
 
Notifications
Clear all

Pagcor Shifts to Purely Regulatory Role

4 Posts
3 Users
0 Likes
223 Views
Will Johnston
(@3rd_will)
Trusted Member
Joined: 10 months ago
Posts: 38
Topic starter  

According to the chief official of the Philippine Amusement and Gaming Corp. (Pagcor), the company plans to fully separate itself from its casino operations and transition to a regulatory function role in the next five years.

The goal of Pagcor, according to CEO and Chairman Alejandro Tengco, is to become a regulatory body that focuses only on the gaming industry, with the express purpose of regulating expansion and drawing in more investors.

This is a good move because the agency can now focus on regulating the Philippine gaming industry. Pagcor will no longer run casinos, which means there will be no conflict of interest. It will attract more investors in the industry.

I am a veteran bookie who not only likes to take bets but also write article where I give a bookie point of view on various sports betting and gambling topics.


   
Quote
Keith C
(@thirtyfourblue)
Eminent Member
Joined: 9 months ago
Posts: 26
 

I was wondering about this. PAGCOR was kind of unique because they are the country's regulatory body but they also handled casinos. Then there seemed to be shifting policies on gambling that was kind of confusing a few years back.

I guess this means that the Philippines will be looking at more investments in the gaming industry. Given their geography im sure both online and retail operations will be profitable.

Getting insights on the sports betting industry from the bookie point of view never ends. Its how we get better.


   
ReplyQuote
Brian Young
(@briany)
Eminent Member
Joined: 10 months ago
Posts: 30
 

This is pretty common with smaller markets that eventually grow into a larger one. Development-wise its good, and it also gives the market fair competition since the regulator is no longer a fellow operator.

To do: Read the latest gambling industry news, head on over here, and let's talk about the latest in gaming and sports betting!


   
ReplyQuote
Will Johnston
(@3rd_will)
Trusted Member
Joined: 10 months ago
Posts: 38
Topic starter  

Recently, PAGCOR handed over the casino operations at New Coast Hotel to Hong Kong-listed International Entertainment Corp. 

I agree that focusing on its regulatory role will make the industry more competitive.

I am a veteran bookie who not only likes to take bets but also write article where I give a bookie point of view on various sports betting and gambling topics.


   
ReplyQuote