Friday, February 7, 2025
HomeNewsPhilippinesPAGCOR shuts down false claims of POGO reopening

PAGCOR shuts down false claims of POGO reopening

The Philippine Amusement and Gaming Corporation (PAGCOR) has issued a strong warning against fraudulent messages claiming that Philippine Offshore Gaming Operations (POGOs) are set to reopen.

PAGCOR Chairman and CEO Alejandro H. Tengco clarified that there is no truth to these claims and urged the public to be cautious of scammers attempting to deceive potential investors.

According to Tengco, some individuals are spreading false information, promising investors a limited number of POGO licenses and falsely claiming that these operations will be managed directly under PAGCOR. He stressed that POGOs remain banned, with no plans to reinstate them now or in the foreseeable future.

Tengco advised anyone receiving such messages or letters to report them immediately to PAGCOR, the police, or other law enforcement agencies. He emphasized that these fraudulent schemes are targeting investors with demands of up to Php50 million in supposed attorney’s fees, consultation, and assessment costs for securing a POGO slot.

He reiterated that under the administration of President Ferdinand Marcos Jr., POGOs will not be reopening, and PAGCOR is not processing, nor will it entertain, any applications related to offshore gaming operations. The public is urged to remain vigilant and avoid falling victim to these deceptive tactics.

Frank Schuengel
Frank Schuengel
Frank Schuengel is an online gambling industry veteran with over twenty years of experience in Europe and Asia. Equally at home in the Isle of Man and the Philippines, he started his career as a sports trader before setting up and running whole operations, and more recently focusing on the regulatory and licensing side of things in the worlds of fiat and crypto eGaming. When he is not writing about gambling topics, he can be found cycling around Manila and advocating sustainable transport solutions for a Philippines based mobility magazine.

MORE ARTICLES

FOLLOW AGB

daily newsletter