PSCO backtracks on plans for e-casino industry entrance
Philippine e-lotto operator Pacific Online Systems Corp (POSC) says that it is now “rethinking” its idea of entering the e-casino industry, despite announcing their plans to do so just months ago.
According to reports, POSC’s Chair and Director, Willy Ocier, said that the shift was due to the nation’s government move to further look into Philippine Inland Gaming Operators (PIGOs), after offshore gaming operators (POGOs) were shut down by December 31st, 2024.
Ocier told media in the case of “uncertainty […] we’re not that aggressive on it”.
Back in January, POSC had signed an agreement to acquire a 37.5 percent stake in software and professional service provider HHR Philippines Inc (HHRPI), for some PHP150 million. HHRPI also holds a license for online gaming under the “Buenas” brand.
Ocier notes that there is strong competition in the market, pointing out giant DigiPlus, which boasts over 40 million users. The executive indicates that currently the company does not plan to increase its stake in HHRPI.
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