A majority of members from the Committee on Ways and Means in the Philippine Senate have recommended the permanent shutdown of Philippine Offshore Gaming Operators (POGOs) within three months. The move comes amid allegations of criminal activity associated with some POGO licensees.
Recommendation for Permanent Ban:
A report from the Committee on Ways and Means in the Philippine Senate recommends a permanent ban on POGOs, aiming to prevent rampant crimes associated with several POGO companies.
Committee Report Deliberations:
The Senate committee report will be sent for deliberation in a plenary session. Senators will discuss the implementation details, considering whether to enforce an immediate ban or allow a three-month period for POGOs to wind down operations.
Previous Inquiry Findings:
A report released in March by Senator Sherwin Gatchalian, chairman of the committee, highlighted that POGOs were not making significant economic contributions to the country and expressed concerns about their potential criminal influence on law enforcement agencies.
Regulatory Measures by Pagcor:
The Philippine Amusement and Gaming Corp (Pagcor), the nation’s gaming regulator, introduced a new regulatory framework for offshore gaming licensees in July. The new rules include an increased minimum authorized capital stock and changes in license validity and application fees.
Reapplication Deadline:
Pagcor set a September 17 deadline for all POGO licensees and service providers to reapply for licenses under the new regulatory framework.
The recommendation for a permanent ban on POGOs reflects concerns about their impact on the nation’s economy and potential ties to criminal activities. The Senate will further deliberate on the implementation details to ensure a responsible transition and maintain peace in the country.