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The Philippine Amusement and Gaming Corporation (PAGCOR) CEO, Alejandro Tengco, has announced a significant recovery for the country's gambling sector, with figures approaching those seen before the global pandemic struck. This turnaround is attributed to the country's removal of travel and movement restrictions, revitalizing the leisure, travel, and entertainment sectors, and promising sustained industry growth. Recovery Post-Pandemic The Philippines, like many nations, imposed severe restrictions during the COVID-19 crisis, including halting travel and temporarily shuttering land-based gaming facilities. Now, with all rules lifted, the gambling industry has seen a robust comeback, with gross gaming revenue (GGR) nearing the levels of 2019—a year that recorded PAGCOR's highest gaming revenue. GGR Trends and Projections Recent reports from PAGCOR for the first nine months of 2023 reflect a revenue of PHP55.95 billion, predominantly from gaming operations. If the current trajectory persists, Tengco anticipates the industry could even surpass the 2019 record GGR in 2023. He credits domestic players and an influx of new tourists for compensating for the absence of traditional high rollers and junkets. Expansion and Development Looking ahead, Tengco points to developing more integrated resorts, such as those in the Clark Freeport Zone, as a catalyst for future growth. Clark's evolution into a significant gaming and tourism hub is projected to be realized within this decade, complemented by its burgeoning infrastructure and tourist attractions. PAGCOR's Modernization Efforts PAGCOR is not resting on its laurels, embarking on a modernization program to bolster revenue. This includes the addition of 3,000 new slot machines by January 2024 and the enhancement of table games. An agreement with a supplier under a revenue-sharing scheme will yield PHP18 billion over five years. Additionally, Tengco revealed progress on launching a new online platform, Casinofilipino.com, scheduled to go live in Q1 of 2024 and expected to
At the ASEAN Gaming Summit, CEZA CEO Katrina Ponce Enrile highlighted the authority's long-standing reputation for clean operations in online gaming since 2001, stressing no criminal issues have arisen under its watch. A Legacy of Legitimate Licensing The Cagayan Economic Zone Authority (CEZA) stands as a beacon of compliance and integrity within the online gaming sector in the Philippines. During the recent ASEAN Gaming Summit in Taguig City, CEZA's CEO, Katrina Ponce Enrile, she made it clear that the authority has successfully issued interactive gaming licenses for over two decades without any criminal entanglements. This distinction sets CEZA apart as a pioneering economic zone in hosting financial technology companies and venturing into the online gaming space. The POGO Regulation Debate The regulation of Philippine Offshore Gaming Operators (POGOs) has been contentious, with Enrile openly criticizing the Philippine Amusement and Gaming Corporation's (PAGCOR) management of these entities. She suggested that oversight of offshore gaming should be transferred to freeports like CEZA, advocating for a more localized and effective regulatory framework. This approach would enable CEZA to focus on maximizing revenue and recovering funds that might otherwise be lost due to less stringent oversight. Strengthening Oversight Under Enrile's leadership, CEZA has implemented various strategies to ensure the integrity of its gaming operations. These include intensified monitoring of gaming activities, the enforcement of stricter regulatory measures, and the deployment of sophisticated monitoring systems. These efforts aim to prevent revenue leakage and guarantee that all licensees operate in a fair and equitable manner. Promoting Business Efficiency Highlighting the importance of a stable, transparent, and efficient business environment, Enrile underscored the initiatives under President Ferdinand "Bongbong" Marcos Jr's administration. These directives encourage investment and operational ease within the sector, aligning w
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Everyone has heard about Michelin stars, but very few people know the fascinating story behind them. A lot of people are aware that Michelin stars are supported by the Michelin tire company, but few realize that they have revolutionized the world of restaurant tourism. Cars were incredibly expensive in Europe in the late 19th and early 20th century, which is why they were usually bought by the higher classes. This gentry or nobility wanted to eat the best food around, but finding the best restaurants was problematic when they were far from their homes or on trips abroad. Michelin wanted to help its patrons by cataloging the best restaurants in France. This would then help them plan their trips around said restaurants and enjoy lavish meals at every stop. What started as a humble recommendation notebook in 1900 quickly became one of the most respected and valued food guides around. While we cannot mimic the reach of Michelin, we can strive to provide a similar service. Punters can look for our Seals of Approval, which are like humble Michelin stars of the gaming industry. These Seals are only given to the best of the best that meet both OCR and industry standards. They are also a great way to distinguish the best from the rest, especially in today’s age when the internet is filled with online casinos of various calibers. This page is dedicated to the best online casinos bearing the OnlineCasinoReports Seal or approval and how they earned it during our review process. Note that Seals of Approval are not mandatory, but they are a great indicator of first-class quality that will steer you toward the best in the business. What It Takes to Earn a Seal of Approval Only certain casinos are capable of earning our Seal of Approval. These need to excel in a series of crucial aspects. These include earning a 4+ star casino review, mobile solutions, solid speed, and intuitive registration. Our tests are regular occurrences, so we make sure that casinos do not float away from our standards. If you have had an unpleasant expe
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The world of entertainment was changed forever when slots hit the scene. They introduced a revolution in gaming that allowed anyone to partake in this pastime, regardless of card knowledge or time. All you had to do was insert a coin, pull a lever, and hope for the best. This simple patent became even handier as it migrated to an online setting. Modern slots allow punters to play with a click of a button from the comfort of their homes. Join us in this handy guide and explore the world of low-limit slots today! What used to be a cookie-cutter game with only a few options is now a full-fledged casino masterpiece. You can explore various themes ranging from video and classic slots to jackpot ones. You will most often find low-limit slots, as they are a fan favorite due to their low entry level. The latter is usually set at a few pesos, so you are not risking much. Low-limit slots are often the poster child of marketing since casino operators know that they will cause a wave of excitement with them. Note that this is propelled further by the fact that you can win real money prizes even if you only bet small amounts. While lower wagers mean lower wins, they are still wins. Said wins give you the motivation to continue your gaming session, while low bets allow your bankroll to stretch further. You will find that only a few brick-and-mortar venues offer low-limit slots, as their space consumption is not worth the monetary income that they produce. However, you will have a hard time finding an online venue that does not offer at least a few low-limit slots. Remember that low-limit slots also mean that you need not invest a lot of funds into your bankroll. A smaller budget will get you the same amount of fun as a large budget with a conventional slot. Continue reading to learn a few handy tips, see how wagering requirements impact your gaming and get started today with helpful tricks and terms.
There is something prophetic about a dice role. We have all seen a win-hungry punter shaking his palms ever so slightly with the desire to land a 1 or 2 and shaking them aggressively to land a 6. This is how conventional punters attempt to alter the odds and make their craps game less risky. However, you cannot impact probability with your own action, but you can impact your possible win by betting more. If you wanted to play craps just a hundred years ago, you had to be filthy rich, well-dressed, and willing to travel for ages. But nowadays, you can dress as you please, sit down on your couch, set aside a few thousand pesos, and have the time of your life. High-limit craps is a staple of online gaming, and it is definitely here to stay. You do not have to rely on a single variant, as there are dozens of fun alternatives that you can take for a spin. While each dice roll is decided by luck, you can still have a say in your actions. The basic premise of high-limit craps is that it increases your potential maximum bet for each roll. This increased risk also comes with an increased reward, which is why high rollers and those that love risk absolutely adore high-limit craps. When you combine this with the numerous betting options of craps, you get a sea of possibilities. The core aspect of craps is the shooter, whose job it is to roll the dice. His or her roll determines the outcome of every placed bet, which makes him the undisputed center of attention. Said bets are either placed on the shooter or against him. You can choose to bet either on individual numbers or a series of numbers, depending on your personal preference. Note that the shooter plays only after the bets are placed. The most popular bets are definitely pass and don’t pass bets, whose success is again dependent on the shooter. The initial dice roll is the come-out roll. The shooter is, at this point, hoping to avoid 12, 2, and 3. If he or she does not manage to do this, they are replaced. Other exciting bets include Come Bets, Don't Come Bets, Pass
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