Pagcor Online Licensing Hits Cagayan Hard
By Brian Cullingworth, Last updated Aug 5, 2017
Reports that almost fifty percent of First Cagayan licensees have departed
The Philippine Amusement and Gaming Corporation‘s relatively new POGO licensing (Philippine Offshore Gaming Operators) system is hammering neighbouring licensing jurisdiction First Cagayan Leisure and Resort Corp., reducing its list of licensees by almost fifty percent, according to a report from Leisure and Resorts World Corp. (LRWC) .
The report notes that since the launch of the POGO licenses there has been a drop in Cagayan online gambling licensees – from 138 to between 70 and 80.
Speaking to the publication Philstar, LRWC chief operating officer Francis Hernando said: “We lost about 60. Those 60 transferred to POGO.”
In response, LRWC is planning to develop its 10-hectare Cagayan estate to better attract new online gambling operators, Hernando revealed.
“This situation pushed us to develop Cagayan. Now, we have to think township. We have to have office buildings for the BPOs. We’re re-launching this thing,” he said, adding that an upgraded airport was also being planned, involving an investment of almost a hundred million US dollars.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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