Defining the News
THE President of the Republic has spoken: Ban the POGOs! They have abused and made a mockery of our laws.
Tengco was quoted by Reuters as saying: “No problem in closing down POGOs because I can invoke national security and the President’s order.” Amidst these grim possibilities, the economist of the House, Rep. Joey Salceda called on PAGCOR and other regulators to find a way of enforcing the ban without affecting the IGLs .
PAGCOR was able to collect P13.7 billion from gross gaming revenues for online gaming alone by the end of 2023.“That’s why, if we will be able to turn the non-registered into registered or the illegals to become legal, I am very confident PAGCOR will generate anywhere from P38 billion to around P42 billion from the online gaming licensees alone,” he said.In the first half of the year, PAGCOR chalked up a hefty net income of P6.
Nearly half the gaming revenues, or 45.53 percent, were derived from the online gaming sector—comprising e-Games, e-Bingo, and bingo grantees—generating a total of P20.66 billion.
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