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In June 2007, PAGCOR gained from a piece of legislation, Republic Act No. 9487, which granted the state-run gaming firm, then under the leadership of Chairman Genuino, another 25 years to regulate and operate games of chance, to issue licenses, and to enter into joint venture, management, or investment agreements with private entities for the ...
PAGCOR operates 102 e-Games stations throughout Metro Manila. [37] An e-Games station is an internet café that allows customers to play casino games online. [38] In addition, there are 12 e-Games sites in the metropolis operated by BigGame, Inc. (BGI), a subsidiary of PhilWeb Corporation, under license from PAGCOR. [39]
In late 2016, PAGCOR issued 35 offshore gaming licenses and made over PHP1 billion in licensing and processing fees. Application and processing fees amount to $50,000 for online casinos and $40,000 for sports betting, plus another $200,000 and $150,000 respectively upon the approval of each license. [49]
Gaming control boards also have complete authority to grant or deny licenses to gaming establishments, their ownership, employees, and vendors. Generally, in order to obtain a license, an applicant must demonstrate that they possess good character, honesty and integrity. License application forms typically require detailed personal information.
Crews working at the site of the deadliest aviation disaster in a generation have recovered all 67 victims of the collision between two aircraft over the Potomac River in Washington, DC, officials ...
Stocks to watch. Other moving stocks on Friday included: Block's results in the last three months of the year missed analysts' expectations. Shares of the payments platform shed more than 17.5%.
In 1977 the Philippine Amusement and Gaming Corporation (PAGCOR), a government-owned and controlled corporation was established, to conduct and establishing gaming clubs and casinos in the country. [1] [2]
AXP PE Ratio data by YCharts. And it isn't just the P/E ratio that's elevated. The price-to-sales, price-to-cash flow, price-to-book value, and price-to-earnings ratios are all above their five ...