Approximately half of the 60 online casinos that were operating in The Philippines are reported to have permanently shut down due to ongoing Covid-19 restrictions.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Around half of the 60 Philippine offshore gaming operators<\/strong> (POGOs) that were operating in the Philippines are now reported to have left the country.<\/p>\n\n\n\n Andrea Domingo, chairman of The Philippine Amusement & Gaming Corp<\/strong> (Pagcor) said the body expects revenue from online casino operations, which largely target China, to fall to 16bn pesos (US$330m) this year, in comparison with 30bn pesos during 2020. <\/p>\n\n\n\n She said the main problem is the lack of Chinese workers. Many who left the country for Chinese 2020 new year were unable to return to The Philippines due to Covid-19 travel restrictions.<\/p>\n\n\n\n According to a report by Bloomberg, Domingo warned that many POGOs will probably move their operations to Malaysia, Myanmar, and Vietnam<\/strong>. She said the larger online casinos may return to the Philippines once travel restrictions ease and they have more clarity on country’s proposals to tax the industry.<\/p>\n","protected":false},"excerpt":{"rendered":" Approximately half of the 60 online casinos that were operating in The Philippines are reported to have permanently shut down due to ongoing Covid-19 restrictions.<\/p>\n","protected":false},"author":2,"featured_media":17400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Approximately half of the 60 Philippine Offshore Gaming Operators (POGOs) have ceased operations or exited the Philippines, primarily due to COVID-19 travel restrictions hindering the return of Chinese workers. This exodus is projected to cause a significant revenue decline for Pagcor, from 30 billion pesos in 2020 to an anticipated 16 billion pesos this year. Many POGOs are considering relocating to other Southeast Asian jurisdictions, with a potential return to the Philippines contingent on eased travel and clearer tax policies.","focusai_entities":"The Philippine Amusement & Gaming Corp (Pagcor), Andrea Domingo, Bloomberg","focusai_location":"The Philippines, China, Malaysia, Myanmar, Vietnam","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.9), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.75), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Tax Impact","query":"What specific adjustments to the proposed POGO tax framework could incentivize the return of operators to the Philippines, and what is the projected timeline for such regulatory clarity?"},{"label":"Regional Relocation Strategy","query":"Beyond Malaysia, Myanmar, and Vietnam, which other Southeast Asian jurisdictions are actively positioning themselves to attract relocating POGOs, and what competitive advantages do they offer in terms of B2B\/B2C licensing and operational costs?"}],"footnotes":""},"categories":[160,28,158],"tags":[12436,128],"class_list":["post-17396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","tag-casinos","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17396"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17396\/revisions"}],"predecessor-version":[{"id":17404,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17396\/revisions\/17404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17400"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}