US$149.4m in tax payments last year<\/strong> despite the impact of the Covid-19 pandemic and the resulting departure of many firms.<\/p>\n\n\n\nHowever, considering the proliferation of POGOs in the country, Cayetano said their potential as a source of revenue was much bigger<\/strong> and that the government could have collected more than Php6.43bn (US$133.8m) in 2019 alone.<\/p>\n","protected":false},"excerpt":{"rendered":"Authorities have announced the curfew will now run from midnight to 4am. It is still unknown if the current general community quarantine (GCQ) will be renewed or not.<\/p>\n","protected":false},"author":176,"featured_media":18990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippines is implementing a shortened curfew in Metro Manila to stimulate economic recovery, while the gaming sector navigates significant regulatory and financial shifts. PAGCOR reported Q1 2021 GGR at PHP25.74bn (US$536.2m), marking a 19.0% QoQ increase but a 43.9% YoY decline due to COVID-19 restrictions. Concurrently, President Duterte is advocating for new legislation to impose income and gaming taxes on online casinos (POGOs) and a 25% income tax on foreign employees, aiming to enhance state revenue and industry oversight.","focusai_entities":"PAGCOR, Rodrigo Duterte, Harry Roque, Bloomberg, Cayetano","focusai_location":"Philippines, Metro Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.92), operator_casino (0.9), payments_fraud_aml (0.75), investor_analyst (0.96), supplier_vendor (0.85), journalist_researcher (0.97)","focusai_suggestions":[{"label":"POGO Tax Bill Timeline?","query":"What is the projected legislative timeline for the proposed POGO income and gaming tax bill, and what are the key political hurdles to its enactment?"},{"label":"GGR Vertical Breakdown?","query":"Can PAGCOR provide a detailed GGR breakdown by gaming vertical (e.g., land-based casino, e-sabong, online gaming) for Q1 2021 to better assess segment-specific performance and recovery trajectories?"}],"footnotes":""},"categories":[28,158,16333],"tags":[23632,17913],"class_list":["post-18962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-slider-home","category-south-east-asia-news","tag-integrated-resorts","tag-metro-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18962","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=18962"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18962\/revisions"}],"predecessor-version":[{"id":18998,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18962\/revisions\/18998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18990"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}