PAGCOR suddenly changes its stance? Warns that the cost of banning gambling is high: fears the loss of hundreds of billions of pesos and impacts tens of thousands of jobs.

Alejandro Tengco, Chairman and CEO of the Philippine Amusement and Gaming Corporation (PAGCOR), has publicly stated his firm opposition to the congressional proposal for a "total ban on online gambling." He emphasized that online gambling has become a crucial pillar of the Philippine economy, and a

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Behind the cancellation of the ASRV visa, APECO President: We welcome all investors, except for the gray industry of POGO.

The cancellation of the "small amnesty" ASRV visa has attracted widespread attention in the Philippine-Chinese investment community. Media interviews with the President and CEO of the Philippine Aurora Pacific Economic Zone and Freeport Authority (APECO), Gil Gian Tawi IV, were conducted to understa

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The Hidden Concerns Behind the Prosperity of the Philippine Gaming Industry: A Study on the Development Trends of the Philippine Gaming Industry

This article combines the article by Fu Jun, the president of the Macau International Design Federation. Although the article was written in 2023 and does not supplement the latest information, it has considerable value for understanding the overview of the Philippine gaming industry to a certain ex

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The Chain Reaction of the POGO Ban: Babies Left Behind, Unemployment Surge, Economic Recession... Will Xiao Ma Regret It?

On July 22, Philippine President Ferdinand Marcos Jr. announced a comprehensive ban on offshore gaming operators (POGOs), aiming to improve public security and combat crime through this prohibition.Unexpectedly, this policy not only poses economic challenges but also triggers a series of profound s

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S&P upgrades Philippines outlook to positive

The rating agency says effective policymaking has delivered structural improvements to credit metrics.The Philippines.- S&P Global Ratings has upgraded its outlook on the Philippines from stable to positive. It also affirmed BBB+/A-2 sovereign credit ratings citing effective policymaking that ha

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The Philippine ban on POGO gambling operations can be described as a double-edged sword. Is the economy going to rely on selling bananas to improve?

Recently, the Philippine government officially announced a total ban on Philippine Offshore Gaming Operators (POGO) activities, intensifying the crackdown on illegal gambling. This move means that industries reliant on the POGO sector, such as real estate and services, face severe challenges, and ma

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Netizen submission: POGO is gone, I will lose everything

Netizen submission:POGO is gone and the money is gone! Because of POGO, I was able to send my child to a good school, I was able to build my house.You don't know how much POGO has helped many Filipinos. Not all POGOs are evil and torturous. Most of them help Filipinos get a lot of work.. You only se

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PAGCOR's total tax revenue in the first half of the year reaches 274 million euros

The Philippine Amusement and Gaming Corporation (PAGCOR) is an agency established by the Philippine government to regulate and manage the gaming industry. PAGCOR contributes considerable tax revenue to the Philippine government every year, with its revenue mainly derived from the casinos i

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PAGCOR welcomes attorney Wilma Eisma as first female President and COO

The Philippine Gaming, Entertainment and Gaming Corporation (PAGCOR) announced the appointment of attorney Wilma Eisma as its new president and chief operating officer (COO). Eisma was sworn in before Executive Secretary Lucas Bersamin at the Malacañang Palace in Manila, marking an importa

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