Do the potential benefits outweigh the losses if POGOs leave the Philippines?
— Lawmakers have long sought to ban Philippine offshore gaming operators from the country after they opened the door to a range of criminal activities—spanning from human trafficking and torture to possibly even killings.
At a Senate hearing, the DOF presented a cost-benefit analysis estimating that the country stands to lose P99.5 billion per year if the gaming hubs remain legal. Both Ricafort and the DOF agreed that while there would be capital losses if POGOs are banned, keeping them comes with costs beyond the monetary.
PAOCC spokesperson Winston Casio said stripping away licenses from POGO hubs will not necessarily stop them, noting that the government had canceled 298 POGO licenses, but many still operate. "Gradual ban would prolong any uncertainties, especially potential violations of the law," the economist said.
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Michael Ricafort Pagcor Philippine Offshore And Gaming Operations Pogos
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