Online casinos shut down in the Philippines, leaving 30,000 out of work

“POGOs” are mainly catering to Chinese gamblers

About half of the more than 60 online casinos in the Philippines have permanently closed due to Covid-19 restrictions, affecting as many as 30,000 foreign workers, Bloomberg News cited Andrea Domingo, chairman of the Philippine Amusement & Gaming Corporation as saying at a briefing on April 28.

As a result, gaming revenue is forecast to drop to as low as 16 billion pesos ($329.9 million) this year from about 30 billion pesos in 2020 due to wide-ranging lockdowns in the country.

Some operators of the online casinos, known as Philippine Offshore Gaming Operators, or POGOs, are expected to move elsewhere in the region, namely to Vietnam or Malaysia, while bigger online casinos might return to the Philippines once travel restrictions ease and once there is clarity on the proposed taxation of the industry, Domingo said.

However, staffing the casinos is likely to become a problem.

“Chinese nationals can’t go to the Philippines, so no one can take bets,” Domingo added, noting that workers who left for Chinese New Year in 2020 were not able to return because of the lockdown, and there were not enough locals to do the job and who speak the language.

Property sector gets hit Chinese workers’ leaving

The property sector will also take a hit from the shutdowns as the foreign online casino workers leave empty offices and residential units, she said.

To recoup losses and try to keep afloat, the gaming agency proposed to the virus task force of the Philippine government that land-based casinos be allowed to operate at half capacity under the second-strictest quarantine level, which is in force in the capital.



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"POGOs" are mainly catering to Chinese gamblers About half of the more than 60 online casinos in the Philippines have permanently closed due to Covid-19 restrictions, affecting as many as 30,000 foreign workers, Bloomberg News cited Andrea Domingo, chairman of the Philippine Amusement & Gaming Corporation as saying at a briefing on April 28. As a result, gaming revenue is forecast to drop to as low as 16 billion pesos ($329.9 million) this year from about 30 billion pesos in 2020 due to wide-ranging lockdowns in the country. Some operators of the online casinos, known as Philippine Offshore Gaming Operators,...

“POGOs” are mainly catering to Chinese gamblers

About half of the more than 60 online casinos in the Philippines have permanently closed due to Covid-19 restrictions, affecting as many as 30,000 foreign workers, Bloomberg News cited Andrea Domingo, chairman of the Philippine Amusement & Gaming Corporation as saying at a briefing on April 28.

As a result, gaming revenue is forecast to drop to as low as 16 billion pesos ($329.9 million) this year from about 30 billion pesos in 2020 due to wide-ranging lockdowns in the country.

Some operators of the online casinos, known as Philippine Offshore Gaming Operators, or POGOs, are expected to move elsewhere in the region, namely to Vietnam or Malaysia, while bigger online casinos might return to the Philippines once travel restrictions ease and once there is clarity on the proposed taxation of the industry, Domingo said.

However, staffing the casinos is likely to become a problem.

“Chinese nationals can’t go to the Philippines, so no one can take bets,” Domingo added, noting that workers who left for Chinese New Year in 2020 were not able to return because of the lockdown, and there were not enough locals to do the job and who speak the language.

Property sector gets hit Chinese workers’ leaving

The property sector will also take a hit from the shutdowns as the foreign online casino workers leave empty offices and residential units, she said.

To recoup losses and try to keep afloat, the gaming agency proposed to the virus task force of the Philippine government that land-based casinos be allowed to operate at half capacity under the second-strictest quarantine level, which is in force in the capital.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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