The national government raised P8.88 billion worth of tax payments from the existing Philippine offshore gaming operations (POGO) in the country in 2022, according to the Department of Finance (DOF).
THE national government raised P8.88 billion worth of tax payments from the existing Philippine offshore gaming operations in the country in 2022, according to the Department of Finance .
The increase in POGO taxes, according to Philippine Amusement and Gaming Corp. Chair and CEO Alejandro Tengco, supports its estimates that gaming revenues from these establishments will more than double this year. Pagcor remained optimistic despite the decline in the number of registered POGOs, which has decreased to 32 as of July 18 from its prepandemic peak of 281 in 2019.
As of July, Pagcor has implemented strict measures to impose hefty fines and penalties on POGO licensees and service providers found to be engaged in criminal activities.
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