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Daily Asia Gaming eBrief: Forcing POGO closures will impact economy

Good Morning. Make peace not war. For lawyer Tonet Quiogue, POGOs have made significant contributions to the Philippine’s economy, and authorities should be more focused on enforcing existing laws for the sector, rather than shutting them down. Some PHP5.2 billion ($93 million) have entered public coffers from POGOs in 2023, and closures of the now rebranded Internet Gaming Licenses (IGLs), would adversely affect 25,000 Filipino employees, argues Quiogue. Still, new regulations are not deterring online gambling giant 188BET, which shutted down its Isle of Man operations and moved its license back to the Philippines. Down under, Australian gaming operator The Star successfully negotiated with New South Wales authorities on new tax rates.

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PHILIPPINES

Gov’t focus shouldn’t be in forcing POGO closures – Lawyer

Lawyer Tonet Quiogue argues that POGOs have greatly benefited the Philippine economy, emphasizing the importance of authorities prioritizing the enforcement of existing laws over shutting them down. In comments to AGB, Quiogue points out that POGOs contributed approximately PHP5.2 billion ($93 million) to public funds in 2023, and warns that the closure of the now rebranded Internet Gaming Licenses (IGLs) would negatively impact 25,000 Filipino employees.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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