Philippine offshore gaming operators (POGOs) began downsizing in the third quarter of 2024 after President Ferdinand Marcos Jr. imposed a ban on their
Philippine offshore gaming operators began downsizing in the third quarter of 2024 after President Ferdinand Marcos Jr. imposed a ban on their operations, according to a property consultancy firm.
It said that while the POGO sector comprised 45 percent of total leasing demand pre-COVID, it had not been a major contributor to demand since 2020. “Looking ahead to 2025, the projected annual office supply is expected to decrease by up to 50 percent and can expect to see office vacancy levels begin to drop,” Leechiu Property said.
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