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Marcos administration is assessing impact of POGO ban

PASA News
PASA News
·Mars



The Marcos administration’s economic team has not yet discussed a possible ban on Philippine offshore gaming operators (POGOs) but is taking steps to mitigate the possible economic impact. According to the Philippine News Agency, Socioeconomic Planning Secretary Arsenio Balisacan, who is in charge of the government’s economic team, said that their team has not yet resolved the matter.


Balisakan had previously supported a ban on Philippine offshore gaming operators, citing the industry's high social costs that damaged the country's reputation. At a presidential briefing, Balisakan said: "The social cost of POGOs is quite high. We are trying to position our country as a legitimate place for business. The last thing we want is to be seen as a haven for criminals. According to PAGCOR, POGO's (now known as IGL) revenue reached Php 3.45 billion (USD 60.87 million) in 2023 and is expected to increase to Php 10.22 billion (USD 180.26 million) in 2027. Although the revenue is substantial, Balisacan. The social costs are believed to outweigh the benefits. He added: "The social costs are very high and at NEDA we don't think the revenue is worth the social damage and we can create more jobs in other ways. "


According to Philippine Labor Secretary Bienvenido Laguesma, his department is preparing for the possible negative impacts of the POGO ban by analyzing workers in the industry to help them transition. "We are preparing for and anticipating negative impacts. Analytics will help us transition smoothly."


Calls for a ban on POGOs have grown louder after raids uncovered criminal activity linked to the industry, including lynchings, kidnappings and other illegal activities. Finance Minister Ralph Recto said he would recommend to the president that POGO operations be halted due to these issues.


菲律宾
菲律宾
#博娱业#政策分析#产业#安危#POGO#PAGCOR#犯罪活动#菲律宾娱乐和博彩委员会#经济影响

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PASA News
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The administrative order has been officially issued! The Philippines completely bans POGO across the board.

The administrative order has been officially issued! The Philippines completely bans POGO across the board.

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