Play’n go set for asia-pacific gambling expansion…

Play’n go set for asia-pacific gambling expansion…

Play’n GO secures authorization from the Philippine gambling regulator to supply online casino content
Supplier of online casino content Play’n GO has been authorized to provide its games to the Philippine market, the company announced in a press release issued Wednesday.

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The authorization was awarded by PAGCOR, the regulatory body tasked with overseeing the Philippine gambling market. The move will enable Play’n GO to expand its global footprint and explore the numerous opportunities available in the Asia-Pacific region.
Play’n GO was founded in 2005 and has built reputation of a supplier of diverse online casino products for the growing digital gambling industry. The company prides itself on being one of the early adopters of mobile innovation and one of the first game developers to recognize and utilize the potential of mobile gaming.

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Commenting on their latest milestone, Play’n GO’s CEO, Johan Törnqvist, said that the recently secured Philippine authorization came as part of the company’s dedication to be a leading supplier. Mr. Törnqvist went on to say that Play’n GO has a strong presence in regulated online gambling markets and that it looks to keep growing both in “size and standing in the industry.”
Being authorized to provide its products to the Philippine market, the company will be able to explore and exploit “a wealth of new opportunities” in the region.
Regulatory Crackdown
News about Play’n GO’s authorization to provide its products in the Philippine market came just as PAGCOR has stepped up efforts to prevent unregulated operations from being conducted from within the country.

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The gambling regulator said late last year that online gambling companies operating in the country without the necessary local authorization would face dire consequences. As part of the Philippines’ special licensing program, interested companies can obtain the so-called Philippine Offshore Gambling Operator (POGO) licenses from PAGCOR. These licenses enable them to provide offshore gambling services and target customers from all over the region.
The Philippine gambling regulator said that it has strengthened its policies and practices for monitoring the local industry and strongly advised companies to apply for the necessary license and related documentation or otherwise face the consequence of their unauthorized actions. Those consequences could involve criminal charges and deportation of foreign workers, among other things.

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The Philippines has become a magnet destination for Chinese online gambling operators that cannot provide their services from within China as this is considered illegal. According to a recent report by the South China Morning Post, Chinese gambling firms have taken advantage of the warming relations between Beijing and Manila to set up shop in the Philippines. The influx of Chinese companies came as a major boost to the Philippine property sector.

According to recent stats, gaming firms from China took up nearly 30{5f38d24442ff4a72602010f4aff404d97bc52de575a760bc1f8f76596e6d366e} of the newly built office space in Manila last year.
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