{"id":31197,"date":"2022-06-28T03:45:00","date_gmt":"2022-06-28T06:45:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31197"},"modified":"2026-04-23T07:23:36","modified_gmt":"2026-04-23T10:23:36","slug":"pagcor-posts-update-on-uncollected-receivables-from-pogos","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-posts-update-on-uncollected-receivables-from-pogos","title":{"rendered":"PAGCOR posts update on uncollected receivables from POGOs"},"content":{"rendered":"\n<p>PAGCOR has reported that about 35 per cent of the outstanding PHP2.33bn has been resolved.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>PAGCOR\u00a0<\/strong>has reported that of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-has-uncollected-receivables-from-pogos-amounting-to-us42-7m\" target=\"_blank\">the PHP2.33bn (US$42.7m) in outstanding receivables<\/a>\u00a0from Philippine offshore gaming operators (POGOs), PHP815.9m has been settled. The regulator said the amount was collected through <strong>PAGCOR&#8217;s fight against illegal online gambling<\/strong>\u00a0and its focus on maximising collections, resulting in presumptive or estimated billing for suspiciously undeclared sites.<\/p>\n\n\n\n<p>PAGCOR said: \u201cAfter thorough revalidation, no link between the suspected undeclared websites and concerned POGOs were established. In fact, the undeclared sites were actually websites of illegal operators stealing the live stream of our licensees.\u201d<\/p>\n\n\n\n<p>As for the uncollected PHP1.51bn, PAGCOR said this was due to the impact of the Covid-19 pandemic. In March 2020, POGOs were ordered to cease activities due to countermeasures. The regulator noted that \u201cmost POGOs were no longer able to reopen\u2026 which consequently resulted in the accrual of uncollected bills.&#8221;<\/p>\n\n\n\n<p>In 2021,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-net-income-down-87-in-2021-due-to-covid-19-restrictions\" rel=\"noreferrer noopener\">PAGCOR&#8217;s net income<\/a>&nbsp;was down 86.9 per cent year-on-year to&nbsp;<strong>PHP203.6m (US$4.0m)&nbsp;<\/strong>mainly due to multiple countermeasures and lockdowns associated with the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAGCOR has reported that about 35 per cent of the outstanding PHP2.33bn has been resolved.<\/p>\n","protected":false},"author":176,"featured_media":25155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR has recovered PHP815.9m (US$14.9m) of PHP2.33bn (US$42.7m) in outstanding receivables from Philippine Offshore Gaming Operators (POGOs), attributing a portion of the uncollected amount to illegal operators and the COVID-19 pandemic's impact. The regulator clarified that initially suspected undeclared sites were, in fact, illegal entities pirating content from licensed operators. The pandemic-induced cessation of POGO activities significantly impacted PAGCOR's 2021 net income, which declined 86.9% year-on-year.","focusai_entities":"PAGCOR, POGOs","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POGO Market Outlook","query":"What specific policy adjustments or enforcement mechanisms is PAGCOR implementing to stabilize the POGO sector, mitigate future revenue losses from illegal operations, and ensure long-term regulatory compliance and financial viability?"},{"label":"Revenue Recovery Strategy","query":"Beyond the resolved PHP815.9m, what is PAGCOR's detailed strategy and timeline for recovering the remaining PHP1.51bn in outstanding receivables, particularly from POGOs that ceased operations due to the pandemic?"}],"footnotes":""},"categories":[163,158,16333],"tags":[405,15789],"class_list":["post-31197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-pagcor","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31197","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=31197"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31197\/revisions"}],"predecessor-version":[{"id":31232,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31197\/revisions\/31232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25155"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}