Philippine president open to new online gambling regulations<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"Tengco warned that a ban could result in the country losing billions in revenue.<\/p>\n","protected":false},"author":226,"featured_media":777024149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR Chairman and CEO Alejandro Tengco opposes a full ban on online gambling in the Philippines, citing a potential loss of PHP100bn (US$1.8bn) in annual government revenue, including PHP50bn from license fees. While advocating for stricter regulation, Tengco highlights the primary challenge as the proliferation of illegal offshore operators, which PAGCOR struggles to control. This stance comes amidst legislative proposals from various senators for either a complete ban or tighter restrictions, with President Marcos Jr. and the Department of Finance also exploring new taxation measures for the sector.","focusai_entities":"Alejandro Tengco, Philippine Amusement and Gaming Corporation (PAGCOR), Juan Miguel Zubiri, Sherwin Gatchalian, Alan Peter Cayetano, Ferdinand R. Marcos Jr., Department of Finance (DOF)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.8), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Illegal Operator Enforcement?","query":"What specific enforcement mechanisms are being considered to address the proliferation of illegal offshore operators, given PAGCOR's current capture rate of 45-50% of the online gaming sphere?"},{"label":"Tax Impact on NGR?","query":"How would the proposed 10% tax on operators to fund addiction treatment programs impact the Net Gaming Revenue (NGR) and profitability margins of licensed entities within the Philippine iGaming market?"}],"footnotes":""},"categories":[24628,154,158,16333],"tags":[225,405,337],"class_list":["post-777028816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlight-of-the-week","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-legislation","tag-pagcor","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028816","targetHints":{"allow":["GET"]}}],"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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028816"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028816\/revisions"}],"predecessor-version":[{"id":777028829,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028816\/revisions\/777028829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777024149"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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