a ban on offshore gaming operators<\/a> in July. Marcos said he had made the decision after hearing pleas from senators and citizens. PAGCOR’s CEO and chairman Alejandro Tengco had initially been against the ban due to the impact on revenue and on operators’ employees. <\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
The work permits will be effective until December 31.<\/p>\n","protected":false},"author":176,"featured_media":14536,"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 Philippine Amusement and Gaming Corp. (PAGCOR) has announced that work permits for foreign and local employees of offshore Internet Gaming Licensees (POGOs) will expire on December 31. This decision aligns with President Ferdinand Marcos's declared ban on such operations, despite initial revenue concerns from PAGCOR's CEO, signaling a definitive regulatory shift for the POGO sector.","focusai_entities":"Philippine Amusement and Gaming Corp. (PAGCOR), Ferdinand Marcos, Alejandro Tengco","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.95), operator_casino (1.0), marketing_crm (0.75), payments_fraud_aml (0.8), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"PAGCOR Revenue Impact","query":"What is the projected GGR and NGR impact on PAGCOR's revenue streams following the POGO ban and the cessation of work permits, and how will this be offset by other gaming verticals?"},{"label":"POGO Operational Exit","query":"What specific governance frameworks and compliance protocols will PAGCOR implement to ensure an orderly and responsible wind-down of POGO operations, particularly concerning player funds, data integrity, and employee repatriation?"}],"footnotes":""},"categories":[156,16333],"tags":[405],"class_list":["post-777018557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018557","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=777018557"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018557\/revisions"}],"predecessor-version":[{"id":777018574,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018557\/revisions\/777018574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14536"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}