{"id":22070,"date":"2021-08-27T12:35:28","date_gmt":"2021-08-27T15:35:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22070"},"modified":"2021-08-27T12:46:32","modified_gmt":"2021-08-27T15:46:32","slug":"the-philippines-e-sabong-operators-could-see-php3-5bn-in-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-philippines-e-sabong-operators-could-see-php3-5bn-in-revenue","title":{"rendered":"The Philippines: e-sabong operators could see PHP3.5bn in revenue"},"content":{"rendered":"\n<p>PAGCOR\u00a0<strong>chairman Andrea Domingo\u00a0<\/strong>has said licensed e-sabong revenue could exceed that of offshore gaming operators.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>The Philippine Amusement and Gaming Corp (PAGCOR) chairman Andrea Domingo\u00a0<\/strong>has predicted that licensed e-sabong operators in the Philippines could generate revenue of between PHP3bn to PHP3.5bn this year.<\/p>\n\n\n\n<p>In May, PAGCOR announced that\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/philippines-pagcor-to-receive-revenue-from-licensed-e-sabong\">two licensed e-sabong<\/a>\u00a0(online cockfighting) operators had started to operate. In June, it approved\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-philippines-approves-two-more-e-sabong-operators\">two more applications<\/a>.<\/p>\n\n\n\n<p>Domingo said the maximum number of e-sabong licences would be 12. She said there were currently 12 applications pending,\u00a0but that <strong>only 8 new entrants will be allowed<\/strong>\u00a0to enter the market.<\/p>\n\n\n\n<p><strong>Online betting on cockfights\u00a0<\/strong>has rocketed in the Philippines since\u00a0<strong>cockpits were closed to spectators\u00a0<\/strong>at the beginning of the Covid-19 pandemic. The Philippines\u2019<strong>\u00a0cockfighting industry is believed to be worth just over US$1bn per year<\/strong>.<\/p>\n\n\n\n<p>The Philippines government is seeking to eradicate illegal gambling and make up for lost revenue from its land-based casinos and online gaming companies, which have been hit hard by countermeasures to contain the Covid-19 pandemic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">PAGCOR gaming revenue down 20% in the first half of the year 2021<\/h2>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-gaming-revenue-down-20-in-first-half\">The regulator<\/a>\u00a0revealed that\u00a0<strong>gaming income for the first half fell by 20 per cent year-on-year<\/strong>\u00a0to PHP14.7bn (US$293.1m). For the first six months, PAGCOR<strong>\u00a0made a profit of PHP79m<\/strong>.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-gaming-revenue-down-51-4-in-first-quarter\">PAGCOR<\/a>\u00a0previously reported that gaming revenue\u00a0<strong>fell by 51.4 per cent year-on-year\u00a0<\/strong>to PHP8.36bn (US$172.8m)<strong>\u00a0in the first quarter of 2021<\/strong>, compared to nearly PHP17.22bn (US$339.8m) in the first quarter of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAGCOR\u00a0chairman Andrea Domingo\u00a0has said licensed e-sabong revenue could exceed that of offshore gaming operators.<\/p>\n","protected":false},"author":176,"featured_media":17473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[157,158,16333],"tags":[405,15789,233],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22070"}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22070"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22070\/revisions"}],"predecessor-version":[{"id":22098,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22070\/revisions\/22098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17473"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}