As POGO operators wind down their operations, the government has pushed private sector entities, including internet and electricity suppliers, and homeowners to think about waiving fines or early termination costs. The purpose of this request is to facilitate the operational exit for companies that may be impacted by the sudden cessation of offshore gambling while inshore online gambling is not covered with the banned.
The EO also delineates particular responsibilities for other government agencies. The main gambling regulator, PAGCOR, has been directed to recover unpaid taxes and fees related to POGO operations as soon as possible. Local government units (LGUs) are required to report any infractions pertaining to illegal offshore gaming and have the authority to enforce the ban inside their borders.
Effects on Tourism and Foreign Investment.
The Marcos administration has stated that the POGO industry poses “reputational risks” that could discourage foreign investment and harm the Philippines’ tourism and economic goals. The country aims to be a stable and attractive place for international businesses, and the connection between POGOs and social issues, including crime, is seen as a threat to its reputation. The ban is intended to protect vulnerable individuals, address social problems, and reduce crime rates.
The Philippine Department of Justice has also warned countries like Timor-Leste about potential issues if POGO operators try to move their businesses abroad because, online gambling was able to help in the Philippine economy.
