The Central Bank of the Philippines reminded banks and financial institutions to deal only with registered online gaming businesses registered by government.
Two POGO operators have been named by the AML Council as having failed or refused to cooperate with the Anti-Money Laundering Council.
Felix Ng -
The Philippine Amusement and Gaming Corporation (PAGCOR) failed to collect P1.4 billion worth of receivables from POGOs in 2020, according to a report from the Commission on Audit.
PAGCOR Chair Andrea Domingo says that Philippine Offshore Gaming Operators (POGOs) that have left the country are setting up shop in Cambodia, Vietnam and Laos.
The Philippines' online cockfighting sector, known as eSabong, is seeing surging revenue, with the performance outstripping that of offshore gambling operators.
Philippine offshore gaming operators (POGOs) are reportedly making a "revenge comeback" to the nation after suffering a mass exodus due to COVID-19 and increased regulations.
Philippines Amusement and Gaming Corp (PAGCOR) Chair Andrea Domingo said about half of the country's online gaming operators have shuttered permanently, affecting as many...