POGO licenses to get renewed

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Credits: slackpoker.com

Next month, almost every POGO licensee will have to renew permits before PAGCOR in order to keep operating online games.

Philippines.- October will be a key month for Philippine Offshore Gaming Operators (POGO) as nearly every single one of the 45 companies will have to renew their operating license. In order to continue offering online gambling in the Philippines, 37 POGO licenses will have to be renewed next month.

The 37 licenses were issued by the Philippine Amusement and Gaming Corporation (PAGCOR) in October 2016 and CEO Andrea Domingo decided they’d last for a year before introducing changes to rules and regulations. Therefore, next month Philippines shall see 37 renewed POGO licenses at a cost of US$3.900.

According to Asia Gaming Brief, Andrea Domingo was asked on how much revenue the current POGO scheme has brought to the Philippines and she answered that, between licenses and royalties, the total amount is around US$107.26 million.