POSC's E-Casino Ambitions on Hold Amid Regulatory Hurdles

Pacific Online Systems Corporation (POSC) reevaluates its foray into online gaming as government scrutiny intensifies.

Pacific Online Systems Corporation (POSC) e-Casino platform, Chairman Willy Ocier, HHR Philippines Inc. (HHRPI)

Pacific Online Systems Corporation (POSC), known for its role in the country’s lottery operations, is now reconsidering its move into the online casino market. This comes after it invested ₱150 million for a 37.5% share in HHR Philippines Inc. (HHRPI), the firm behind the PAGCOR-approved "Buenas" e-Casino platform.

Chairman Willy Ocier cited regulatory uncertainties as the primary reason for this strategic pause. The government's ongoing review of Philippine Inland Gaming Operators (PIGOs) has introduced potential policy shifts that could impact the viability of local online gaming ventures. This scrutiny follows the recent ban on Philippine Offshore Gaming Operators (POGOs) due to concerns over illegal activities.

"We're rethinking because there's that uncertainty," Ocier stated, emphasizing the challenges of navigating a market dominated by established players like DigiPlus Interactive Corp. He described the initial investment in HHRPI as a means to "get our feet wet" in the online gaming arena.

POSC's involvement in digital gaming isn't new. In June 2024, the company secured a ₱4.1-billion contract from the Philippine Charity Sweepstakes Office (PCSO) to operate its e-lotto platform, marking a significant step in the country's digital lottery initiatives.

As PAGCOR expands its oversight of the iGaming ecosystem through new accreditation frameworks, companies like POSC must navigate an evolving regulatory landscape. The outcome of the government's review will likely influence POSC's future decisions in the online gaming sector.