Don’t look now, but the Philippines online gambling industry is looking to add horse racing and cock fighting to their offerings. This after a recent decision allows land based casinos their take both online and mobile bets from locals. That decisions comes as the Philippines seek to expand their online betting industry by both allowing residents to bet, and by targeting more overseas markets. It comes amid falling gaming revenues as a result of the Coronavirus pandemic. The dog and horse racing offers would target players in America and Britain, while cockfighting would target players in South America. You can…

Philippines President Rodrigo Duterte has announced his intention to outlaw online gambling in the Southeast Asian country. Duterte revealed the plans while presenting a budget for 2017, but did not place a timescale on when the ban would come into effect. According to local media outlet Inquirer, Duterte said online gaming companies “have no use” in the Philippines. “I am ordering the closure of all online gaming (firms); all of them,” Duterte said. The declaration comes after Duterte in August cancelled an operator’s 13-year monopoly on gambling in licensed cafes, citing the fact that the country has no proper way…

Inquirer – The state-run Philippine Amusement & Gaming Corp. has struck a deal with gaming operators to cut license fees by 10-percent of gross gaming revenues to neutralize the burden arising from a controversial judicial ruling that changes the gaming tax regime. The reduction in license fee as a percentage of gross gaming revenues from both high-roller VIP (very important person) and mass markets was intended to “make whole” the gaming operators after a Supreme Court order that removed Pagcor’s tax exempt status. As a consequence, the tax regime changes for all private licensees as well.  Instead of paying the…