PAGCOR Announces Significant Fee Reductions for Online Gaming in the Philippines
In a strategic move to stimulate the Philippine gaming market, PAGCOR (Philippine Amusement and Gaming Corporation) has announced a significant reduction in license fees charged to the country’s integrated resort operators for online gaming activities. Starting January 1, 2025, the fees will be lowered from 35% to 25%, marking a notable decrease from the 50% rate initially set when Alejandro Tengco was appointed Chairman and CEO in August 2022.
During a keynote address at the IAG Academy Summit on Tuesday, Chairman Tengco, cited by Inside Asian Gaming, highlighted the new fee structure aimed at aligning with global industry standards to attract and retain investments. This adjustment is expected not only to bolster the legal gaming m…
Read moreNFL Owners Vote to Allow Sports Betting in Stadiums Next Season
The NFL thrives to make the most of the game by proposing the launch of in-stadium wagering facilities that would be available on game days to sports betting enthusiasts. As The Athletic reports, the NFL owners voted Monday to allow the proposed brick-and-mortar sportsbooks to start with the 2023 season.
Physical Sportsbook Proposal:
Having recognized that online sports wagering apps may have a connection or other issues or not always be fully up-to-date with the real-time game situations where the odds may change with the speed of light, the proposal for physical sportsbooks would locate these inside stadiums to eliminate any issues that gamblers may encounter while trying to place bets from their phones. Therefore the league owners met in Scottsda…
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