While government officials have complained about the use of the word “exodus” by local media to describe departing Philippine Offshore Gaming Operators (POGOs), it’s clear that the sector has shrunk significantly and is still shrinking.
Regional casinos in the Philippines are likely to resume their outperformance once the global pandemic eases as infrastructure improves and major projects come online.
Philippine Offshore Gaming License Operators (POGOs) have been given ample opportunity to settle their obligations to the government, though some have chosen to close down because of the impact of Covid-19 on their business, the regulator said.
The Department of Labor and Employment (DOLE) has reported that the number of Chinese and other foreign workers seeking employment in the Philippine Offshore Gaming Operators (POGOs) sector has fallen by about half this year.
The Philippine government’s target to double revenue from online gambling looks to be on shaky ground, as only half the operators have resumed business following Covid-19 and other licensing jurisdictions look to benefit from the fallout.
The regulator of the Philippines online gambling industry, Philippine Amusement and Gaming Corporation (PAGCOR) has warned for some time now that online operators could be leaving the country for greener pastures.
Presidential spokesman Harry Roque took issue on Thursday with suggestions that the reduction in the number of Philippine Offshore Gaming Operators (POGOs) operating in...
Philippine Finance Secretary Carlos Dominguez III said Wednesday that some resident Chinese are canceling their leases in Manila as the government crackdown on the...
The Bureau of Internal Revenue, which had been planning to double revenue from Philippine Offshore Gambling Operators (POGOs) concedes takings are down as few have reopened following the pandemic.
Philippines President Rodrigo Duterte has signed an economic recovery package into law that will seek to more than double the amount of revenue the government gets from Philippine Offshore Gambling Operators (POGOs).