Close Menu
  • Keno Strategy
  • Keno Variations
  • Keno Odds
  • News
  • Casinos
  • Games
  • Handpays
What's Hot

Balancing Regulation and Market Competitiveness

July 24, 2024

Politicians and Charities Oppose Wynn’s NY Casino Plans

July 23, 2024

NCLGS Proposes 2025 Online Gambling Framework

July 23, 2024
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest VKontakte
Keno WizardKeno Wizard
  • Keno Strategy
  • Keno Variations
  • Keno Odds
  • News
  • Casinos
  • Games
  • Handpays
Keno WizardKeno Wizard
Home » Philippines Enacts Full Ban on POGOs Amid Criminal Concerns
News

Philippines Enacts Full Ban on POGOs Amid Criminal Concerns

July 23, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

President-imposes-ban-on-POGOs-amid-snowballing-calls_President Ferdinand R. Marcos Jr., addressing the nation during his third State of the Nation Address (SONA), announced a resolute ban on Philippine Offshore Gaming Operators (POGOs). This move comes after escalating controversies linked to the sector, ranging from financial scams to violent crimes, have sparked widespread demands for action.

Presidential Directive: Immediate POGO Ban

Highlighting the gravity of the situation, President Marcos detailed an extensive list of crimes associated with POGOs, including money laundering, human trafficking, and even murder. “The grave abuse and disrespect of our system must stop. It is now imperative to stop this chaos that is wreaking havoc on our society and desecrating our country,” he declared, initiating an immediate nationwide ban. The announcement was met with robust applause and strong support from attendees, reflecting the public’s growing unease with the offshore gaming sector.

Economic Impact and Policy Support

Key economic leaders, including Finance Secretary Ralph Recto and NEDA Secretary Arsenio Balisacan, have endorsed the ban, stressing that the minimal economic contributions of POGOs do not justify the severe social and reputational damages they cause.

Balisacan pointed out that the sector contributed less than half a percent to the GDP in 2022, a small price to pay for mitigating broader economic and social risks. He emphasized the potential regulation of cross-border tourism by China as a significant factor, which could lead to more profound economic repercussions if POGOs were allowed to continue.

Legislative and Social Repercussions

Following the President’s directive, the Philippine Amusement and Gaming Corporation (Pagcor) has been instructed to shut down all POGO operations by the end of the year. Additionally, the Department of Labor and Employment is tasked with facilitating support for the nearly 40,000 workers expected to be displaced by this decision. Legislative leaders, including House Speaker Martin Romualdez, have pledged swift action to implement the necessary legislative changes to enforce this ban effectively.

See also  Bragg Powers Superbet in Brazil with Online Casino Game Aggregation

Controversies and Legal Challenges

The push for a POGO ban gained momentum following several high-profile incidents, including raids on operations like CGC Technologies, which were found engaging in illegal activities far beyond their gaming remit. The industry’s linkage to a series of grave offenses prompted both chambers of Congress to delve deeper into these illicit activities, further fueling the call for a total shutdown.

Looking Forward

The decision to ban POGOs represents a significant shift in policy direction, prioritizing societal well-being and national security over economic gains from questionable industries. As the country moves forward, the focus will likely shift towards strengthening industries that offer more sustainable and respectable contributions to the economy and society.

Source:

President imposes ban on POGOs amid snowballing calls, pna.gov.ph, July 22, 2024.

ban Concerns Criminal Enacts Full Philippines POGOs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Balancing Regulation and Market Competitiveness

July 24, 2024

NCLGS Proposes 2025 Online Gambling Framework

July 23, 2024

Evolution Reports Q2 2024 Revenue of €508.4m, Up 15.9% YoY

July 22, 2024

Wazdan Expands Italian Presence with SKS365 and AdmiralBet Partnerships

July 22, 2024
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Balancing Regulation and Market Competitiveness

July 24, 2024

Politicians and Charities Oppose Wynn’s NY Casino Plans

July 23, 2024

NCLGS Proposes 2025 Online Gambling Framework

July 23, 2024

Philippines Enacts Full Ban on POGOs Amid Criminal Concerns

July 23, 2024
Top Reviews

Federal Rules Greenlight Florida-Style Tribal Gaming Compacts

Trustly Partners with Station Casinos to Power NFT Loyalty Marketplace

NC’s Casino Legalization Prospects Are Bleak amid Waning Support

Subscribe to Updates

Get the latest creative news and blogs update directly in your Inbox!

Keno Wizard
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2024 Kenowizard.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.