The Philippine Amusement and Gaming Corporation (PAGCOR) won’t be able to collect the over P2.2 billion receivables from Philippine Offshore Gaming Operations (POGO) firm that already closed shop, PAGCOR chief Alejandro Tengco said Monday.
The Philippine Amusement and Gaming Corporation won’t be able to collect the over P2.2 billion receivables from Philippine Offshore Gaming Operations firm that already closed shop, PAGCOR chief Alejandro Tengco said Monday.the Commission on Audit reported in June 2022.
Tengco said that when he assumed office last year, he deployed a team to look into the case of the disappearing POGO firm, and their probe failed to track the individuals involved in the said POGO licensee as they are all foreign nationals who already left the country. Tengco said that PAGCOR has already placed at least 30 POGO licensees under probationary status, and that they have to reapply on or before September 15 or else their licenses will be revoked.
Tengco also said that from zero fines and penalties during the last administration, PAGCOR already slapped fines and penalties to 70 licensees of overseas gaming operations for the last six months, totaling US$1.5 million.
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