{"id":8832,"date":"2025-03-19T07:29:21","date_gmt":"2025-03-19T07:29:21","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/03\/19\/philippines-sees-surge-in-gaming-license-inquiries-after-fatf-grey-list-exit\/"},"modified":"2025-03-19T07:29:21","modified_gmt":"2025-03-19T07:29:21","slug":"philippines-sees-surge-in-gaming-license-inquiries-after-fatf-grey-list-exit","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/03\/19\/philippines-sees-surge-in-gaming-license-inquiries-after-fatf-grey-list-exit\/","title":{"rendered":"Philippines Sees Surge in Gaming License Inquiries After FATF Grey List Exit"},"content":{"rendered":"<div>\n<p data-start=\"237\" data-end=\"583\">After being removed off the Financial Action Task Force\u2019s (FATF) grey list, the Philippines has seen a sharp rise in inquiries about online gambling licenses. Alejandro Tengco, the chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), highlighted the rise in interest in his remarks at the ASEAN Gaming Summit in Manila.<\/p>\n<p data-start=\"585\" data-end=\"895\">Tengco stated, <em>\u201cIn fact, right after the decision for the Philippines to be stricken out of the grey list, inquiries with regard to online gaming licensing all of a sudden went up.\u201d<\/em> He noted that the regulator was receiving frequent calls, with companies seeking application guidelines and licensing details.<\/p>\n<h2 data-start=\"897\" data-end=\"931\">POGO Ban and Industry Impact<\/h2>\n<p data-start=\"933\" data-end=\"1204\">Tengco attributed the country\u2019s exit from the grey list in part to the decision to <a href=\"https:\/\/igaming.org\/casino-news\/local-governments-under-pressure-to-enforce-pogo-ban-warns-secretary\/\">ban Philippine Offshore Gaming Operators (POGOs)<\/a>. He emphasized that this move demonstrated the country\u2019s commitment to combating money laundering and maintaining financial transparency.<\/p>\n<p data-start=\"1206\" data-end=\"1426\"><em>\u201cThe banning of offshore online gaming providers played a crucial role in the Philippines being removed from FATF\u2019s grey list,\u201d<\/em> Tengco said. <em>\u201cIt showed our firm resolve to ensure the integrity of our financial system.\u201d<\/em><\/p>\n<p data-start=\"1428\" data-end=\"1770\">While the ban posed challenges, it also created opportunities. Pagcor supported the continuation of special class business process outsourcing (BPO) companies that provide backend services but are not directly involved in gaming operations. Tengco reported a noticeable rise in applications from these firms following the FATF announcement.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In 2024, the Philippine gaming industry grew remarkably. According to Tengco, preliminary data showed that gross gaming revenue (GGR) was over PHP410 billion ($7.16 billion), which was almost 25% higher than the previous year. Although traditional casinos made a substantial contribution, the eGames and eBingo industries saw tremendous expansion.<\/p>\n<p>Tengco emphasized Pagcor\u2019s dedication to monitoring and responsible gaming activities, acknowledging the trend towards technology-driven gaming. He revealed plans to strengthen responsible gaming initiatives and mandate that licensees set aside a portion of their gross gaming revenue (GGR) for national development initiatives.<\/p>\n<p data-start=\"2484\" data-end=\"2603\"><em>\u201cWe believe that these developments should foster positive changes in the Philippine gaming industry,\u201d<\/em> Tengco stated.<\/p>\n<p data-start=\"2605\" data-end=\"2892\">Additionally, in January, Pagcor reduced the remittance rates for online and on-site betting platforms from 35% to 30%, supporting further growth in the sector. With regulatory reforms and increased transparency, the Philippines\u2019 gaming industry appears poised for continued expansion.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/philippines-sees-surge-in-gaming-license-inquiries-after-fatf-grey-list-exit\/\">Philippines Sees Surge in Gaming License Inquiries After FATF Grey List Exit<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After being removed off the Financial Action Task Force\u2019s (FATF) grey list, the Philippines has seen a sharp rise in inquiries about online gambling licenses. Alejandro Tengco, the chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), highlighted the rise in interest in his remarks at the ASEAN Gaming Summit in Manila. Tengco [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8832","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8832"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8832\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}