to ban<\/a> all forms of online gambling. As the POGO field dwindled, the complaints didn\u2019t. Some operators continued to offer their services without a license, hoping to stay off the radar.<\/p>\nSignificant Loss of Revenue<\/h2>\n
If the POGO market had acted responsibly, it could have been a viable component of the Philippines\u2019 gaming industry. Instead, it is costing millions of dollars in tax revenue and negatively impacting the commercial economy.<\/p>\n
The absence of the segment will leave a void of around $151 million annually in unoccupied office space, according to real estate consultancy Leechiu Property Consultants. In addition, it will also lead to a deficit of around $3.22 billion in commercial spending.<\/p>\n
Despite the crackdown, some legitimate POGOs operating in the country. The Philippines recently licensed 30, with the legal segment employing around 201K Chinese and 111K Filipinos.<\/strong><\/p>\nEven as the country tightens the screws on online gaming, one real estate company believes there could be a surge in legal POGO activity. The Manila Times <\/em>reports that Eton Properties Philippines has received more interest from POGOs for its commercial properties.<\/p>\nIt recently signed a contract with \u201cone of the biggest\u201d outfits in the space. It didn\u2019t name the new tenant, only stating that it will occupy over 6,000 square meters (60,583 square feet) of space in the Makati Central Business District in Metro Manila.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Philippines is currently shutting down offshore gaming operators (POGO) segment and deporting many foreign nationals. The Philippines Justice Department is taking decisive action against the online gaming segment, according to Reuters. A spokesperson for the agency, Jose Dominic Clavano, reported Monday that it will force 175 operators to close and deport around 40K Chinese […]<\/p>\n","protected":false},"author":64,"featured_media":234062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,19],"tags":[],"acf":[],"yoast_head":"\n
Philippine Offshore Gaming Operators Crunch Hits 40K Chinese Nationals - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n