The COVID-19 pandemic has had an impact on the Philippines and its vibrant offshore gaming industry. A total of 22 Philippine Offshore Gaming Operators (POGOs) were shut down last week with the assistance of PAGCOR, the country’s gaming regulator, with the watchdog citing the global health crisis as the reason behind its decision. This was […]
The Philippines continues to fight against gambling operators that it contends are violating the country’s regulations in the sector. The country’s Anti-Money Laundering Council (AMLC) has listed a third Philippine Offshore Gaming Operator (POGO) of its list of non-compliance. The list focuses on companies that have obligations under the existing law, and whose license is […]
In September, it transpired that POGOs or Philippine Offshore Gaming Operators had shorthanded the state budget by $28 million. Now, the Philippines’ Anti-Money Laundering Council (AMLC) is taking action against two of the 36 licensed POGOs, which have failed or outright refused to meet compliance checks as demanded by regulation. The watchdog has singled out MG Universal Link […]
The Philippines still hasn’t been able to start its recovery from COVID-19, with cases still emerging that are hindering the relaxation of health restrictions. Metro Manila is still under modified quarantine, and will be until the middle of the month, which means casino revenue will still be under expectations. The biggest benefit can be offered […]
A total of 19 immigration officers have been charged by the Philippines’ National Bureau of Investigation (NBI). Immigration Officers Charged in Casino Workers Trafficking The National Bureau of Investigation (NBI) in the Philippines has opened a formal investigation into 19 immigration officers who are suspected of having smuggled illegal immigrants to work in the country’s […]
POGOS announced news regulatory measures that will determine the validity of licensee-holders in the Philippine offshore gaming industry and whether they are compliant with government-issued norms. New, Stricter POGO Vetting Underway The Philippine gaming regulator released a statement on Friday, May 8, cautioning operators that tougher gambling laws would come into effect moving forward, and […]
Closed down since March 18, POGOs are now about to start up again and help the Philippines fight COVID-19 by contributing financially. POGOs Back in Business, PAGCOR Says Following several weeks of suspension of activities, the Philippines Amusement and Gaming Corporation (PAGCOR) has given the go-ahead to the country’s offshore casino industry to return to […]
The Anti-Money Laundering Council /AMLC/ in the Philippines reported that POGOs and their service providers present vulnerabilities in terms of high money laundering risk. Cash Is Untraceable The financial intelligence unit in the country, the AMLC, based its conclusion that Philippine Offshore Gaming Operators /POGOs/ are too exposed to illegal money operations due to a […]
The Philippines gaming regulator, PAGCOR, has told POGOs to put employees, flying back from a list of countries where the coronavirus has been confirmed, under a 10-day quarantine. POGOs to Put Employees Under Quarantine as Fears of Coronavirus Mount Fearing coronavirus infection, PAGCOR, the Philippines gaming regulator, has issued a memorandum to all Philippine Offshore […]
The permanent demand for office space from Philippine offshore gaming operators (POGO) is expected to continue in 2020. POGOs Will Be the Leader in Renting Office Spaces This Year Monique Cornelio-Pronove, chief executive officer of Pronove Tai International Property Consultants claims in an interview with Business World that despite the limited office supply next year, the offshore […]
