Philippine President Marcos shuts down all POGOs
The president of the Republic of the Philippines has declared that as of right now, no new Internet Gaming Licensees (IGLs) or Philippine offshore gaming operators (POGOs)...
PAGCOR’s new licensing rules for Philippine offshore gaming
Forty licenses to offshore gambling operators, now known as internet gaming licensees (IGLs), were recently granted by the Philippine Amusement and Gaming Corp..
In 2023, these operators—previously called Philippine Offshore Gaming Operators (POGOs)—reported earnings of over PHP 3.15 billion, or roughly $54.39 million. This sum amounts to a small fraction, approximately 4.31%, of PAGCOR’s annual gaming revenue, which came to PHP 79.37 billion (about $1.37 billion).
In addition to the 40 normal IGLs as of mid-May, PAGCOR has also given nine provisional licenses. These changes follow a modification in laws. The “Internet Gaming Licensing Regulations,” which went into effect on July 12, 2023, is a set of new, tougher regulations that PAGCOR mandated all POGOs to reapply for in August of the previous year.
Prolonged disagreements over POGOs, especially those concerning the hiring of foreign laborers in the industry, became the basis for this regulatory revision. Because of the offshore gambling industry’s importance to national revenue and job creation in the Philippines, PAGCOR and certain lawmakers in the country still support it in spite of these challenges.
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Philippine congressman proposes PAGCOR dissolution
A Philippine congressman is advocating for the dissolution of PAGCOR and the establishment of PAGCOM as a new organization in its stead. Representative Jonathan Keith...
