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Philippines’ PAGCOR Adds Virtual Reality Casino to Online Gaming Plans

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Posted on: July 21, 2023, 07:53h. 

Final up to date on: July 21, 2023, 09:32h.

Regardless of requires a ban on on-line gaming within the Philippines, the nation’s gaming regulator sees a whole lot of alternative. It has already mentioned that it needs to enter the web on line casino house, and a brand new announcement in regards to the growth of a digital actuality (VR) on line casino is doubling down on its stance.

PAGCOR officials and Philippine President Ferdinand R. Marcos attend the unveiling of PAGCOR's new logo
PAGCOR officers and Philippine President Ferdinand R. Marcos attend the revealing of PAGCOR’s new brand. Together with the brand new brand, the company has plans for a brand new on-line on line casino. (Picture: Philippine Star)

The Philippine Amusement and Gaming Company (PAGCOR) has revealed a few of its plans for the upcoming yr. A brand new on-line on line casino, set to launch in early 2024, is an bold undertaking spearheaded by Alejandro Tengco, PAGCOR’s president and CEO.

The revolutionary platform, often known as casinofilipino.com, seeks to revolutionize the web playing expertise by incorporating cutting-edge VR expertise. By this immersive expertise, gamers might be transported to a digital realm that completely simulates the environment of a standard brick-and-mortar on line casino.

Embracing the Digital Age

Tengco said that the web on line casino possesses the potential to attach with gamers worldwide. In consequence, it could present the group with alternatives to discover untapped markets.

Some lawmakers need PAGCOR’s operations to be separated. They’re rallying assist for the company to dedicate itself solely to rules, foregoing any on line casino operations. It’s unclear what’s going to occur to any on-line casinos PAGCOR launches in the event that they get their means.

Furthermore, PAGCOR is actively enhancing its slot machine operations. It has already initiated negotiations with various producers to facilitate the improve of the section.

The brand new PAGCOR boss expressed his anticipation for shoppers to take pleasure in a novel gaming journey with the improve. The objective is to switch the antiquated machines at present within the discipline with 3,500 cutting-edge gaming units, all in accordance with the contractual settlement between PAGCOR and the producer.

Moreover, PAGCOR proclaimed its dedication to refining its on line casino administration system. To take action, it’s within the course of of making in-house pc software program packages that it’s going to combine into its present infrastructure.

The gaming and on line casino regulatory physique reported its earnings for the primary half of 2023, revealing a considerable sum of PHP36.21 billion (US$663 million). This was off gross gaming income of PHP136.37 billion ($2.5 billion).

Tengco expressed his optimistic view that PAGCOR has the potential to surpass its pre-COVID-19 revenue stage by the conclusion of this yr. Anticipating a notable surge within the latter half, he projected an revenue of PHP37 billion (US$676 million), subsequently contributing to a considerable annual revenue of PHP71 billion (US$1.29 billion).

The No-Go Brand

PAGCOR lately up to date its brand, however the outcomes haven’t been totally welcome. Complaints surfaced after media retailers reported that the company spent PHP3 million (US$54,810) for the brand new design.

Tengco defended the stories, asserting that the price isn’t only for the emblem. As well as, there have been “different deliverables” that have been included. Amongst these are manuals, stationery, brochures, and extra.

The up to date model design consists of what the designer, Printplus Graphic Companies, meant to be a flame with shades of pink and blue. This, in response to Tengco, represents “power, inspiration, ardour, and transformation.” It additionally “represents a guiding mild that helps folks discover their means.”

The brand new brand will start showing at the entire properties PAGCOR manages throughout the nation, and that rollout carries further prices. Because the company tries to stabilize its picture, it’s hoping {that a} new model look will assist it set up a robust basis.

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