The Philippine Amusement and Gaming Corp (PAGCOR) has announced that work permits for both foreign and local employees of Philippines offshore gaming operators (POGO) will only be valid until the conclusion of 2024. This regulatory adjustment impacts a significant sector of the Philippine gaming industry and its workforce.
PAGCOR, a pivotal entity in the Philippines’ gaming landscape, emphasizes this change to ensure compliance with evolving industry standards and regulations. The decision underscores the need for operators and employees to prepare for this transition ahead of the 2024 deadline.
PAGCOR CEO approves work permit adjustment amid Philippines POGO ban
In a recent development significant to the casino gaming industry, PAGCOR’s CEO Alejandro Tengco has approved an adjustment in work permit validity. This decision aligns with the nationwide POGO ban announced by the Philippines’ President.
The move aims to regulate and streamline operations, ensuring compliance with new directives. Casino gaming experts view this as a strategic shift, potentially impacting the industry landscape significantly.
For ongoing updates on this evolving situation, stay tuned to our expert coverage. We continue to monitor PAGCOR’s initiatives and the wider implications on the casino gaming sector.
CEO Tengco highlights impact of POGO ban on revenue and jobs
CEO Tengco has raised serious concerns regarding the impending ban on Philippine Offshore Gaming Operators (POGOs). According to Tengco, the ban could lead to substantial revenue losses and significant job cuts within the industry.
As the gaming sector grapples with these potential setbacks, Tengco emphasized the critical need for a thorough analysis of the repercussions. The POGO ban, if implemented, could drastically alter the landscape for both operators and employees.
Here is a detailed look at the projected impacts:
| Impact Area | Projected Loss |
|---|---|
| Revenue | $500 million |
| Jobs | 10,000 positions |
The future of the gaming industry seems uncertain as stakeholders await further developments. Tengco’s concerns spotlight the need for balanced decision-making to mitigate the adverse effects on revenue and employment.
POGO employees face deadline to exit country amid crackdown
Philippine Offshore Gaming Operators (POGO) employees have been issued a strict deadline to leave the country as authorities intensify efforts to deport illegal workers. This move is part of a broader initiative to eliminate unregistered operations and ensure compliance with national regulations.
Authorities have ramped up their efforts, targeting unscrupulous POGO entities that have been operating without proper documentation. The crackdown aims to maintain the integrity of the gaming sector and combat illegal activities.
POGO employees working in unregistered setups are being swiftly identified and required to exit the country. Legal actions are being taken to uphold the rule of law and safeguard the industry’s future.
The Philippine Amusement and Gaming Corporation (PAGCOR) is advocating for the exclusion of outsourcing companies catering to US and UK operations from the impending Philippine Offshore Gaming Operators (POGO) ban.
This plea underscores the critical role these firms play in supporting global casino operations. Ensuring their exemption is vital for maintaining uninterrupted service delivery to international clients.
PAGCOR’s appeal highlights potential economic repercussions should these outsourcing entities face restrictions. The organization continues to negotiate with authorities, emphasizing the necessity of these exemptions to safeguard sector resilience and international business relationships.
