Under this partnership, Suppliers of Panama will support the sales and service of TransAct's Epic line of gaming products throughout the country.
Press release.- TransAct Technologies Incorporated announced a new strategic partnership with Suppliers of Panama, Inc., a top-tier technical service provider for Panama's gaming sector. Under this partnership, Suppliers of Panama will support the sales and service of the Epic line of gaming products from TransAct across Panama, providing better access to high-quality support and technology.
Established in 2018, Suppliers of Panama has earned a reputation for excellence in technical services, maintenance, repairs, and logistical support for major casino operators in Panama. Their deep industry knowledge and extensive reach across the country make them an ideal partner to bring TransAct's Epic gaming solutions to a wider audience in Panama, with a commitment to local inventory, quick repairs, and seamless product integration.
Tracey Winslow, CRO of TransAct Technologies, said: "We are excited to collaborate with Suppliers of Panama, Inc., whose expertise and commitment to the gaming industry align perfectly with ours."
See also: TransAct Technologies announced a new strategic partnership with Permaquim
Alejandro Tengco said there are no plans to allow offshore gaming operators "now or in the foreseeable future."
The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has denied claims made in letters and text messages being circulated about a possible return of offshore gaming operations in the Philippines. Alejandro Tengco, PAGCOR’s chairman and CEO, said the scammers were seeking to trick would-be investors into paying for up to PHP50m, supposedly for attorney’s fees, consultation and assessment to get a licence.
He said: "It has come to our attention that some people are enticing potential investors into paying huge amounts for supposed limited slots of offshore gaming operator licenses, and saying offshore gaming operators will be supposedly operating directly under PAGCOR. There is absolutely no truth to this. Offshore gaming operators remain banned, and there are no plans to bring them back, now or in the foreseeable future.
"Should you get any text message or letter informing you that you can avail of a POGO slot, please report them immediately to PAGCOR or the police and other law enforcement agencies because these are scammers who need to be stopped."
He added: "We reiterate: offshore gaming operators will not reopen during the term of President Ferdinand Marcos Jr. and PAGCOR is not entertaining, and will not entertain any applications."
President Ferdinand R. Marcos Jr. issued Executive Order (EO) 74 banning offshore gaming in November. The move came after high-profile cases of human trafficking, money laundering, and other criminal activities.
PAGCOR posted record revenue of PHP112bn (US$1.92bn) for 2024, up 41 percent in year-on-year terms. The regulator posted net operating income of PHP84.97bn (US$1.46bn), up 51 percent year-on-year. Net income after contributions to nation-building reached PHP16.77bn (US$287m), up 146 percent year-on-year.
The e-games and e-bingo sectors became the biggest contributors with PHP48.79bn (US$836m) or 50.3 percent of all gaming revenues. Casinos contributed PHP33.07bn (US$567m) while commercial casinos licensed by PAGCOR brought in PHP12.67bn (US$217m). Offshore gaming operators which were banned in December, contributed PHP2.99bn (US$51m).
Contributions to nation-building increased by 37.61 percent, reaching PHP68.20bn (US$1.17bn). This includes PHP46.32bn (US$793m) remitted to the National Treasury, PHP4.87bn (US$83m) in franchise taxes, and PHP1.09bn (US$19m) in corporate income taxes.
