Wednesday, July 24, 2024

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Daily Asia Gaming eBrief: POGO ban creates number of important questions

Goodbye to POGOs. At least that was the tone of the Philippine President when he announced that offshore gaming operations overseen by PAGCOR should be banned by the end of the year. A legal expert points out how this could cause a refocus on onshore gaming. But questions remain as to whether forms of offshore will continue, particularly outside PAGCOR's purview. Meanwhile, Macau operators continue their market share dance, with expectations for continual adjustments throughout this and next year, despite few surprises anticipated from the soon-to-be-released 2Q24 results.

POGO ban shifts regulatory focus to onshore gaming activities: expert

Significant questions have arisen over the future of non-PAGCOR regulated offshore gaming operators and PIGOs, following the Philippine President's announcement that all POGOs must shutter by the end of the year.

Philippines banning POGOs starting from year-end: President

Philippines President Ferdinand Marcos Jr. has announced a ban on Philippine Offshore Gaming Operators (POGOs) during his latest State of the Nation Address.

PAGCOR Chairman against total ban of online gaming

The Chairman of the Philippines’ gaming regulator (PAGCOR) has told a Senate committee that he is against newly proposed bills aiming to completely ban online gaming sites (POGOs).

Philippines President urged to revoke licenses of Chinese-focused POGOs

President of the Philippines Ferdinand Marcos Jr. has been urged to revoke the licenses of Philippine Offshore Gaming Operators (POGOs) that serve the mainland Chinese market.

Seized POGO hubs could be used by the Philippine government

Buildings seized from illegal Philippine Offshore Gaming Operators (POGOs) could potentially be repurposed for use by government agencies following civil forfeiture cases.

Philippines court freezes assets of “POGO Mayor” Alice Guo

The Philippines’ Anti-Money Laundering Council (AMLC) has obtained a freeze order from the Court of Appeals on the assets of suspended Mayor Alice Guo and other individuals allegedly involved in the illegal activities of POGO.

Philippine Navy backs officer whose info was linked to illegal POGOs

The Philippine Navy (PN) has stood by Lt. Jessa Mendoza, a junior officer cleared of allegations that she was an incorporator of around 193 companies, several of which were found to be illegal Philippine Offshore Gaming Operators (POGOs).

Philippines Senate orders arrest of Alice Guo and 7 others for contempt

The Philippines Senate has cited Bamban, Tarlac Mayor Alice Guo and seven others for contempt and ordered their arrest for repeatedly ignoring inquiries into illegal activities involving Philippine Offshore Gaming Operators (POGOs).

Philippines and China reaffirm commitment for cooperation in illegal POGO crackdown

The Philippines and China have reaffirmed their commitment to combat crimes related to Philippine Offshore Gaming Operators (POGOs).