A couple of years of media scandals, government pressure and pandemic uncertainty have finally taken their toll on the Philippine Offshore Gambling Operators (POGOs). The Philippine Amusement and Gaming Corporation (PAGCOR) have confirmed that atleast two operators have left the country over tax “issues” with the government, local outlet GMA News reports.
PAGCOR chair and chief executive officer Andrea Domingo confirmed that Suncity, Macau’s gambling giant, had decided to leave the country, while assistant vice president for offshore gaming licensing Jose Tria separately confirmed Don Tencess Asian Solutions had sought to cancel their license.
And that doesn’t appear to be the end of it. “There are others more that are leaving the Philippines”, noted Domingo. She made sure to note that this will affect government revenues, as well as Filipinos employed by POGOs.
“I’ve heard there are other companies that also plan to cancel their licenses, but I haven’t received their official letters so I can’t name them yet,” said Tria. “There are other jurisdictions that have opened up offering better tax rates and friendlier environment. Some [POGOs] also can no longer take the criticisms they get each day that make them feel unwelcome in our country.”