Connect with us
List your 728x90 banner here

Latest News

PAGCOR “seriously considering” a purely regulatory role

Published

on

Reading Time: 3 minutes

 

Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco disclosed the new management’s plans to focus more on PAGCOR’s regulatory role, expand the agency’s reach and contribute more to nation-building.

During the opening of the ASEAN Gaming Summit in Marriott Manila on March 21, 2023, where Tengco was keynote speaker, the PAGCOR chief explained that under his term, the management hopes to privatize the state-run gaming firm’s self-operated casinos nationwide.

Upon its assumption in August 2022, the current PAGCOR Board has been open to talks about privatization but ensured that the welfare of employees who will be affected by such management decision, will be taken into consideration.

Meanwhile, apart from embracing a purely regulatory role, Tengco shared the agency’s plans and programs for 2023, which are geared towards benefiting gaming industry stakeholders, upholding responsible gaming, and contributing to the government’s nation-building efforts.

Among the programs that Tengco discussed were the creation of regulatory frameworks for online poker operations, enhancement of slot machine operations, destruction of outdated gaming paraphernalia and equipment (for suppliers), creation and updating of regulatory manuals such as Junket Licensing Regulatory Manual and Casino Regulatory Manual for licensed casinos.

Also, modernization projects for slot machines in PAGCOR-operated gaming venues, slots information management system and casino management system, as well as PAGCOR’s Technical Standards for Electronic Gaming Machines will also be enhanced.

“As we speak, our Licensing & Regulatory Group has already accomplished projects like the updating of suppliers’ regulatory manual, implementing rules and guidelines for foundations, and crafting of Gaming Employment License regulations on prohibition on enter/stay/play.”

CEO Tengco also mentioned that PAGCOR has already revisited its policies and regulatory frameworks for online gaming after the offshore gaming operations became a subject of public concern last year. He said that monitoring efforts were intensified to ensure lawful compliance by licensees.

“We acknowledge our limitations on the side of enforcement and on our capacity to address illegal gambling, thus we reinforced our partnerships with various law enforcement agencies to address this concern.”

As regards strengthening its regulatory functions, Tengco shared that PAGCOR has forged partnership with various government agencies such as the Department of Justice, Department of Interior and Local Government, Philippine National Police, and the National Bureau of Investigation, among others to update and revise the Mutual Cooperation Agreement, whose main objective is to combat illegal gambling, including those that are illegally operated online.

For domestic online gaming, Tengco explained that amendments were introduced to PAGCOR’s regulatory frameworks to foster the growth of both online and onsite gaming.

Tengco also noted that PAGCOR aims to capitalize in the booming industry of online gaming. “We are studying the possibility of regulating other facets of the overseas gaming operations, or the possible regulation of Special Class of BPOs or those who service legitimate operators licensed abroad and amending the processing of penalties imposed on overseas gaming operators and their service providers so as to discourage non-compliance and involvement in any irregular activity.”

Meanwhile for domestic online gaming, PAGCOR plans to conduct an accreditation of payment gateway providers to curb the gray market. The agency also plans to expand its permitted game offerings and products such as eSports, Live Dealer games, Online Horse Racing, and Online Arcade (includes Perya) games to maximize player engagement and entice them to play more.

“Finally, to better regulate the fast-developing and volatile online gaming industry, we aim to revitalize our information technology systems. It is but right for us to level-up on our technological capabilities to be better in our role as gaming regulators,” Tengco explained.

He added that PAGCOR acknowledges the challenge or competition posed by its licensed casinos. “While we may struggle to be at par facilities-wise, I am of firm belief that we do not trail behind in terms of skill set and talent pool. The greatest asset PAGCOR has ever had is its human resource; thus, to capitalize on our people is also part of our vision.”

All these put in place, Tengco said he sees a Philippine gaming industry with better safeguards and controls which address the social ills which come with the conduct of gaming operations.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Click to comment

Notice: Undefined variable: user_ID in /home/eegaming/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

Latest News

With new momentum into the second esport season: Ski Challenge plans Nations Cup

Published

on

Reading Time: 2 minutes

 

Ski Challenge, the fast-paced esports game by Greentube, has become one of the most popular sports games just a few months after its official launch. For the second season, the developers of NOVOMATIC Digital Gaming and Entertainment Division, in close cooperation with ski associations and co-shareholders from Austria (ÖSV), Switzerland (Swiss-Ski), and Germany (DSV), are planning an attractive innovation for all ski and game enthusiasts: the Nations Cup, starting in autumn 2023.

Developed as a tribute to Greentube’s first published game, Ski Challenge has had an extremely successful first season with over half a million downloads on iOS and Android since its release in October 2022. The game is not only popular among players but has also established itself as an attractive platform for high-profile global brand partnerships.

Thanks to continuous and extensive updates that enhance the competitive nature of Ski Challenge, Greentube and the three successful ski associations, ÖSV, Swiss-Ski, and DSV, have now joined forces as shareholders to create an exciting new tournament series: the Ski Challenge Nations Cup.

This thrilling competition invites players to represent their countries and compete for honor, glory, and attractive prizes in multiple qualifying rounds and the tournament phase. But that’s not all. Ski Challenge players who qualify for Germany, Austria, and Switzerland will now compete as official national teams for their respective ski associations.

The tournament events will take place parallel to the actual Ski World Cup events. With this expansion, Ski Challenge aims to further strengthen its esports concept and transfer the enthusiasm of skiing into the virtual world.

Michael Bauer, Greentube’s CFO/CGO, said: “We are thrilled to be able to add a number of new teams to the game as part of our Ski Challenge Nations Cup update. These federations are staples of the sport and give the game another level of legitimacy. We firmly believe our highly dedicated and loyal player base will be delighted with these upcoming additions as Ski Challenge continues to grow as a premier esports title.”

Diego Züger, CEO Commercial Swiss-Ski: “This is a great opportunity for skiing. With the establishment of the Nations Cup and the entry into esports, we will inspire new target groups and further develop skiing as a whole. The successful cooperation with Ski Austria and the German Ski Association, as well as Greentube, shows that a lot is possible with good collaboration.”

Stefan Schwarzbach, Board of Communication, German Ski Association: “With the Nations Cup, we as associations want to establish a direct connection to real skiing and our top athletes. Ski Challenge is increasingly becoming an attractive communication platform to inspire children and young people for skiing. In the medium term, our clubs and ski clubs should also benefit from this.”

Christian Scherer, Secretary General, Austrian Ski Association: “We are incredibly excited to launch a virtual tournament series that will revolutionize the world of skiing and bring nations together. This initiative expands the reach and ignites the competitive spirit of skiers worldwide. It is undoubtedly one of the most exciting announcements of 2023 as we embark on this exciting journey to shape the future of skiing and create an unforgettable experience for all involved.”

Continue Reading

Latest News

Approaching €1 Billion Bets Participated in Jackpots: SOFTSWISS Jackpot Aggregator’s Q1 2023 Achievements

Published

on

Reading Time: 2 minutes

 

SOFTSWISS, a leading provider of iGaming solutions, presents the Q1 2023 milestones achieved by its Jackpot Aggregator. The first quarter witnessed significant growth and expansion in terms of clients, betting volume, and product functionality.

During Q1 2023, the SOFTSWISS Jackpot Aggregator drew almost 4,000 jackpots  to exceed 16,000 since the product launch. The team welcomed 13 new partners, bringing the number of active clients closer to 30 and proving the industry’s confidence in the product’s capabilities and reliability. During the same period, the Jackpot Aggregator successfully launched jackpot campaigns for 22 new brands to bring the total number of brands in the portfolio to 41, and the number of launched jackpot campaigns to 45. This achievement spotlights the company’s dedication to providing outstanding jackpot solutions to an expanding range of online casinos, as well as emphasises the increasing trust in jackpots for boosting player engagement.

In Q1, the amount of bets participated in jackpots exceeded EUR 959 million. The figure indicates the scale of the SOFTSWISS Jackpot Aggregator’s operations and reflects the high level of player engagement and enthusiasm across client casinos.

The functionality development was also a crucial focus in Q1 2023, driving growth and innovation. The SOFTSWISS Jackpot Aggregator introduced several new features, expanding the solution’s toolkit to meet the ever-evolving needs of operators:

  • Integration with the SOFTSWISS Sportsbook: operators can now launch jackpot campaigns specifically tailored for sports betting enthusiasts. The integration is meant to render a comprehensive gaming experience for players across different verticals.

  • Time-based Jackpots: this feature allows clients to set up engaging activities such as Happy Hours, Daily, Weekly, and Monthly Drops. These periodic jackpot events boost player excitement and overall engagement.

  • Baby Jackpots: operators now have the ability to accumulate a dedicated amount in parallel with the current jackpot pool, which serves as a starting point for the next round. Additionally, the team reinforced the solution with  the Jackpot Limit feature and the Overflow Pool to ensure a seamless and controlled jackpot experience for operators and players.

  • Expanded Crypto Support: in response to the growing popularity of cryptocurrencies, the Jackpot Aggregator expanded its support for jackpot campaigns to include all popular cryptocurrencies.

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, said: “We are happy that in Q1 we succeeded in expanding our functionality and released updates in response to our clients’ requests. The new features benefit operators, making their projects a dream for any player.”

The unique advantage of the SOFTSWISS Jackpot Aggregator resides in its exceptional service for operators, which includes ongoing support and customisation of jackpot campaigns to meet business goals. 

 

About SOFTSWISS 

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

Continue Reading

Latest News

Checkd Dev Adds New Markets and Functionality to Betting Hub with App Upgrade

Published

on

Reading Time: < 1 minute

 

Fast-growing iGaming business Checkd Dev has bolstered Betting Hub, the ultimate sports betting companion app, with its latest batch of updates rolled out in time for the conclusion of the football season.

Developed by Checkd Group’s tech division, the new Betting Hub version highlights include a quick search feature for the popular Smart Accas, enabling users to view results with one tap.

Further developments include trending accas, where users are presented with high-ranking Smart Acca selections packaged into multiple bets.

Checkd Dev’s Betting Hub now supports more football markets including match corners, team corners and player fouls. These options are now integrated into Match Centre and Smart Acca.

In addition, the award-winning Betting Hub app will also include each-way betting for racing with bets able to be placed and tracked within the app and notifies users if their bet has won or placed.

Rounding off the latest upgrades is the ability for users to now adjust the display settings to either American, decimal or fractional to all dynamic odds in the app.

“Taking on feedback and spotting key areas of improvements, we are delighted to roll out our new Betting Hub app updates, arriving at a busy time in the sports betting calendar,” the Managing Director for Checkd Dev, Adam Patton, said. “Through our proprietary technology, the latest additions will transform and elevate experiences for the sports betting community with extra markets to choose from and new user interfaces.

“Following a string of key partnerships in recent months, we expect the new version of our app to be a catalyst for continued growth and further extend our commercial success as we head into the third quarter of the year.”

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.