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Philippines got rid of POGOs – are PIGOs next?
Summary
Senate President Francis Escudero of the Philippines has called for a review of inland gaming operators, or PIGOs, due to potential issues similar to those that plagued the recently banned offshore gaming operators, POGOs. He commented on the negative effects PIGOs may have on Filipino citizens, drawing a comparison to POGOs, which were associated with illegal activities.
Escudero acknowledged the revenue generated from PIGOs but suggested that if the government could move away from the profits of POGOs, it could do the same with PIGOs given the potential societal harm. Regulatory experts argue that banning all online gambling could harm government revenue, advocating instead for proper regulation to maintain a viable gaming sector.
Key Points
- Escudero suggests reviewing PIGOs due to similar problems as POGOs, which were banned for illegal activities.
- Revenue from PIGOs is significant, providing funds for government programs.
- Experts believe an all-out ban on online gambling is unlikely due to the financial implications for the government.
- Regulatory frameworks are suggested as a better solution to address gambling concerns.
- Senator Risa Hontiveros has also called for an online gambling suspension to combat potential infiltration from POGO operators.
Why should I read this?
This article highlights critical discussions surrounding online gambling regulation in the Philippines, particularly as the government grapples with balancing revenue generation and societal impacts. Understanding these dynamics is vital for stakeholders in the gaming industry and for those interested in gambling regulations and their implications for local economies.
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