Philippines Authority Criticizes Speculations of POGO Resumption
New and Uncensored Take:
let's talk about the shady goings-on in the Philippine gaming world, shall we? It seems there's been a storm of bogus claims flying around, suggesting that Philippine Offshore Gaming Operators (POGOs) are making a comeback after their ban last month. But hold on to your chips, folks, because PAGCOR, the country's gaming regulator, has called bullsh!t on these rumors!
They're saying that some sneaky, low-down scoundrels are using these rumors in an attempt to con unsuspecting investors out of a cool $852,726! Can you believe it? These scammers are claiming they've got the inside scoop on a new POGO license, but if you think you're going to get in on the ground floor of a fresh POGO operation, think again!
According to PAGCOR CEO and Chairman Alejandro Tengco, these rumors are pure fiction, and there are no plans to relaunch POGOs anytime soon. So, if someone's trying to tell you different, don't fall for it! Report 'em to law enforcement or PAGCOR pronto, and let's get these charlatans off the streets!
Now, if you're wondering why the ban on POGOs in the first place, let me fill you in. Last July, President Ferdinand Marcos Jr. made the decision to pull the plug on POGO operations, effective as of January 1, 2025. The reason? Well, these operations were linked to organized crime and were known for engaging in scams, forcing people to work against their will.
And before you ask, yes, this has had a serious impact on the gaming industry, particularly for those working in land-based casinos. Slot machine manufacturers and gaming suppliers have reported a downturn in business, missing out on the big spenders who were formerly supported by POGOs.
But that's not the only change happening in the gaming industry. There are reports of former POGO operators rebranding as Philippine Inland Gaming Operators (PIGOs), which has people nervous about whether the shady dealings of POGOs might continue under a different name.
On the bright side, the gaming industry is seeing growth driven by digital platforms. Electronic gaming has become a major revenue driver for the first time, thanks in part to the growing access to mobile technology and a shift towards on-demand digital gaming experiences.
Regulators are also focusing on the important stuff, like balancing innovation, player protection, and long-term industry sustainability. They recognize the importance of maintaining a legitimate gaming landscape in the Philippines.
So, while it looks like POGOs are out for the time being, the gaming scene in the Philippines is continuing to evolve and adapt. Keep your eyes open for the latest developments, and remember: if it sounds too good to be true, it probably is!
Despite the rumors circulating about a potential comeback of Philippine Offshore Gaming Operators (POGOs), PAGCOR, the country's gaming regulator, has clarified that there are no plans to relaunch POGOs at this time, due to their shady past involving organized crime and questionable practices. In the meantime, the gaming culture in the Philippines is transitioning towards electronic gaming and digital platforms, with regulators focusing on balancing innovation, player protection, and long-term industry sustainability.
