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PAGCOR regulates online casinos that operate within the country but caters to foreign customers, termed Philippine Offshore Gaming Operators (POGOs). Local government units have their own set of regulations and may issue licenses for e-games cafes within their territories.
PAGCOR generally regulates gaming activities in the Philippines and issues the license to operate a gaming activity. Thus, the legal/regulatory framework governing gambling primarily consists of rules and regulations promulgated by PAGCOR.
Apollo Global Management, the private equity firm behind the two Strip properties, is considering a deal to acquire International Game Technology's global gaming and digital gaming divisions for an estimatedR$4 billion toR$5 billion, according to a Sept. 13 report from Bloomberg News.
IGT is a global leader in gaming. It is listed on the New York Stock Exchange under the trading symbol "IGT," and its holding company headquarters are in the United Kingdom, with operating headquarters in Rome, Italy; Las Vegas, Nevada; and Providence, Rhode Island.
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