The economic impact of Philippine offshore gaming operators (POGOs) has been a topic of debate, with proponents highlighting job losses and revenue gains, while the country’s economic officials recommend a ban due to criminal activities associated with POGOs. Despite controversies, President Ferdinand Marcos Jr. has chosen to keep POGOs operating.
Under the Duterte administration, POGOs saw a significant increase in revenue, contributing to Pagcor’s total gaming income. However, income from POGOs has fluctuated over the years, with a decline in tax collections. Despite this, Pagcor’s income from POGOs saw a 43.2% increase in 2023.
The Department of Finance has expressed concerns about the economic returns from POGOs, citing a decline in tax collections. Economic managers like Finance Secretary Ralph Recto and National Economic and Development Authority Secretary Arsenio Balisacan have raised doubts about the benefits of POGOs, emphasizing the need for legitimate and quality investments.
Pagcor remains committed to regulating POGOs and has plans to release new guidelines to address criminal activities associated with the industry. While former Pagcor chief Andrea Domingo advocated for self-contained hubs for Chinese workers, concerns have been raised by the Chinese embassy over potential infringements on legal rights.
Despite efforts to regulate POGOs, challenges remain in law enforcement, with canceled licenses and repatriation of Chinese citizens involved in illegal activities. The Chinese embassy has expressed concerns about the negative impact of POGOs on both Philippine and Chinese interests.
In conclusion, the debate over POGOs continues, with calls for stricter regulations and potential bans to address the economic and social issues associated with the industry.
