Former Representative Angel A. Demapan, a House candidate in Precinct 1, said the revocation of Imperial Pacific International’s casino license or exclusivity should be “on the table.” Meanwhile, another company has stepped forward to sue IPI for breach of contract.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
The Philippine Supreme Court has granted a temporary restraining order against the collection of a 5 percent franchise tax from Philippine Offshore Gaming Operators (POGOs) following a petition from 14 foreign-based firms.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.