Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

iGaming Industry

Philippine online gambling licensees won’t be capped at 50

Published

on

Philippine online gambling licensees won’t be capped at 50

The Philippines’ gaming regulator has added more names to its list of approved online gambling operators, ensuring that its previously suggested cap of 50 licensees no longer applies.

 

The Philippine Amusement and Gaming Corporation(PAGCOR) updated its official list of Philippine Offshore Gambling Operator (POGO) licensees, which the regulator began issuing in September 2016 in a bid to exert tighter control over the country’s burgeoning online gambling industry.

As of June, PAGCOR said it had issued 42 POGO licenses, but the updated list shows a total of 51 licenses issued as of October 30. PAGCOR had previously suggested that it could cap the number of available POGO licenses at 50 until it had time to assess whether newer licensees were cannibalizing older licensees’ revenue.

The latest licensees feature at least one former licensee of the First Cagayan Leisure and Resort Corp, which had been the Philippines’ primary online licensing body until the POGO program arrived. In August, First Cagayan revealed that nearly half of its licensees had defected to the POGO camp.

Advertisement

PAGCOR’s latest POGO update lists 51 licensees but the last license issued bears the number 17-053, while 17-051 and 17-052 don’t appear. It’s unclear whether this means these licenses were issued and then revoked, or whether the numbers were assigned in advance and vetting their applications is simply taking longer than usual.

PAGCOR recently released its year-to-date financial report card, which showed gaming revenue rising 11.1% to P42.4b (US $826m) in the nine months ending September 30, easily exceeding its revenue target of P34b, while net income rose more than one-third to P4.36b. Revenue in the third quarter was up a more modest 0.8% to P14.1b.

PAGCOR’s Q3 report lists just over P2b ($40m) in YTD revenue from its POGO program, nearly twice the P1.1b the segment reported in PAGCOR’s Q2 results. PAGCOR has previously stated that it hopes to reap an annual $120m from its POGO licensees by the time the program is fully up to speed.…

The post Philippine online gambling licensees won’t be capped at 50 appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Advertisement

American iGaming

Supremeland Gaming Gains Interim License Approval in West Virginia

Published

on

supremeland-gaming-gains-interim-license-approval-in-west-virginia

 

Supremeland Gaming, the emerging brand in American iGaming, announced the approval of an interim Supplier License in West Virginia, further solidifying its position as a key player in the rapidly expanding iGaming industry. This milestone marks the company’s third approval following the successful acquisition of the first approvals in Pennsylvania and New Jersey.

Supremeland Gaming is approved to operate under this interim license and is now authorized to offer its cutting-edge innovation to the Mountain State.

Supremeland’s game portfolio has garnered international appeal since its debut in November 2023. The innovative brand promises cutting-edge slot play, combining immersive storytelling, state-of-the-art graphics, and impressive bonuses.

Rickard Öhrn, CEO of Supremeland Gaming, said: “The acquisition of our interim Supplier License in West Virginia is a pivotal step in our journey, reflecting on our dedication to delivering innovative experiences to a broader audience. As we expand our footprint, our commitment to excellence remains unwavering, and we look forward to contributing to the vibrant gaming landscape in the Mountain State.”

Advertisement

​​Supremeland is gaining traction for its emerging portfolio of top-notch games, including Red Panda Rising and the international debut title, Munition Mine, underscoring its commitment to pushing the boundaries of innovation in the iGaming industry.

Continue Reading

Albert Bellavista

Pragmatic Play Expands LatAm Reach with Betsala Deal

Published

on

pragmatic-play-expands-latam-reach-with-betsala-deal

 

Pragmatic Play, a leading content supplier to the iGaming industry, is continuing its momentum in the Latin American market, after signing an agreement to take its three biggest products live with Betsala.

The agreement will see Pragmatic Play’s full portfolio of award-winning Slot content go live, including recently released Slot titles Loki’s Riches and The Big Dawgs in addition to familiar player-favourites such as Sugar Rush and Gates of Olympus.

Betsala customers will soon gain access to Pragmatic Play’s Live Casino products upon integration being completed. The sector has been a focus for the provider over the previous 12 months with releases such as the dynamic Treasure Island game show which complements Pragmatic Play’s comprehensive range of casino classics such as Roulette, Mega Roulette, and Blackjack which are also available on the platform.

Completing the product offering is Pragmatic Play’s cutting-edge 3D renderings of popular sports such as horse and greyhound racing, football, and motorsports.

Advertisement

The latest LatAm development for Pragmatic Play sees it further boost its profile across the region where it has cemented its status as a leading supplier of casino experiences.

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Proving LatAm is still a key source of growth, Pragmatic Play is delighted to now count Betsala as another valued partner in the region.

“Pragmatic Play’s three leading products will soon be on the platform, and we look forward to even more players discovering its robust and engaging offering.”

Albert Bellavista, CEO at Betsala, said: “Pragmatic Play has built a stellar reputation across Latin America for its high-quality experiences, and we welcome them as our latest partner to bolster our offering and provide more thrills than ever.

“Most iGaming enthusiasts worldwide are already familiar with Pragmatic Play’s titles and we know the upcoming addition of its content will come with a great response from our players.”

Advertisement
Continue Reading

Conferences

Pragmatic Play Gears Up for SAGSE LATAM 2024

Published

on

pragmatic-play-gears-up-for-sagse-latam-2024

 

Pragmatic Play, a leading content supplier to the iGaming industry, is set to make another appearance at a Latin American summit, at SAGSE LATAM in Buenos Aires.

Taking place across two days from March 20th-21st, the event sees iGaming professionals gather at Buenos Aires’ Hilton Hotel for the 32nd edition of the iconic exhibition.

SAGSE LATAM marks the second summit attended by Pragmatic Play in Latin America in 2024, with its new immersive proposal Pragmatic Play Experience, after an extremely successful exhibition tour in 2023, which saw the provider make inroads across the continent and impress industry representatives.

The gaming provider will be at Stand 120 to showcase its diverse portfolio, including Slots, Live Casino, Virtual Sports and Bingo content, alongside its brand-new Sportsbook solution.

Advertisement

In addition, Pragmatic Play will be a platinum sponsor of the event, highlighting the importance of such industry exhibitions and the vital role the leading provider plays in them.

Victor Arias, VP of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is proud to be a platinum sponsor of SAGSE LATAM and to be influential in shaping the future of the Latin American iGaming market. With a comprehensive multi-product offerings and solutions, it is poised to capitalise on the immense opportunities that the region presents.

“With an exciting range of panel discussions and interactivities that the conference brings, it is set to be yet another momentous date in the LATAM gaming calendar.”

Continue Reading

Trending