As of September 14, The Philippine News Agency announced that the Philippine gaming authority has canceled the license of 175 POGO/Philippine Offshore Gaming Operators. It highlighted comments made by Jose Dominic Clavano, who serves as the assistant spokesman for the Department of Justice in the nation.
In comparison to the dozens of Philippine Offshore Gaming Operators that were still active before the pandemic, the state-run Philippine Amusement and Gaming Corp (Pagcor) has said that there are currently a total of thirty licensed POGO enterprises operating in the country.
According to Mr. Clavano, there were around 40,000 Chinese nationals working for the POGOs that had their licences revoked. This action was taken as part of the Philippine government’s ongoing effort to put a stop to illegal internet gambling.
Up until the introduction of Covid-19 in the early 2020, the market has seen exponential growth. It has been suggested that the pandemic and increased taxes were two of the contributing causes that led to the closure of numerous POGOs.
According to statements attributed to Mr. Clavano, who was cited as saying this, “the crackdown was spurred by allegations of murder, abduction, and other crimes perpetrated by Chinese nationals against fellow Chinese citizens.”
Reason’s Why Most POGO got shutdown
Mr. Clavano explained that the research found that the POGOs that were going to be shut down had licenses that were either about to expire or had already been canceled for offences such as the failure to pay government fees.
According to the official, the return of the 300 Chinese citizens who had overstayed their visas to China is scheduled to take place during the first week of October. According to Mr. Clavano, it is anticipated that between 3,000 and 4,000 additional people would be returned home by the middle of October.
The Chinese government “firmly opposes and takes harsh steps to fight gambling,” according to a statement released by the Chinese embassy in Manila, which stated that it supports the deportation of POGO-connected criminals and a crackdown on crimes related to the game.
According to statements made by David Leechiu, chief executive officer of the real estate consultancy firm Leechiu Property Consultants, which were reported by a number of news organizations, the Philippine economy could suffer losses amounting to PHP190 billion (US$3.23 billion) annually if the POGO industry were to completely disappear. These losses would come from office and residential rentals, income taxes, utility bills, wages, and regulatory revenues, among other things.
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