Business NEWS

The Department of Finance (DOF) said that China’s heightened crackdown on online gambling is the one forcing Philippine offshore gaming operations (POGO) to close shop, and not the government’s new tax measures.

State-run Philippine Amusement and Gaming Corp. (Pagcor) said its uncollected receivables from Philippine offshore gaming operation (POGO) was a result of intensive fight against illegal online gambling.

Senator Joel Villanueva said he sees no reason for the government to withhold the names of the 15 Philippine offshore gaming operators (POGOs) which owe the government over P1.3 billion.

Senator Risa Hontiveros on Monday, September 6, called on the Philippine Amusement and Gaming Corporation (Pagcor) to immediately collect from Philippine offshore gaming operators (POGO) the P1.36 billion they owe the government.

Top officials of the Philippine National Police (PNP) met on Thursday, Sept. 2, and discussed law enforcement actions that include setting up of China Desk in various police stations to specifically address kidnapping and other concerns of Chinese tourists and workers in the country.

Police arrested eight foreigners for their alleged involvement in kidnapping-for-ransom of a Chinese online gaming operator in a raid in Parañaque City.

The Philippine Amusement and Gaming Corp. (PAGCOR) is against proposals to provide certain advantages to special economic zones involved in Philippine offshore gaming operations (POGO).

Albay 2nd District Representative Joey Salceda said on Tuesday, July 20, that Speaker Lord Allan Velasco is amenable to the House of Representatives adopting the Senate’s version of the fiscal regime for Philippine offshore gaming operators (POGOs).

President Duterte said he has tempered his opposition to gambling because the country was running out of funds to address the coronavirus disease (COVID-19) pandemic.

The POGO (Philippine Offshore Gaming Operators) exodus continues and the once bustling Chinese-run industry that filled high rise office buildings with young Chinese workforce now only accounts for 2.8 percent of office portfolio in Metro Manila”, according to a study. 

A Chinese POGO (Philippine offshore gaming operator) worker who was allegedly abducted by six suspects was rescued by the police in Parañaque City on Thursday afternoon, June 17.

The House Committee on Justice on Tuesday, June 15, tackled the application of two businessmen engaged in offshore gambling for naturalization.

Three kidnapped Chinese nationals were rescued by members of the Manila Police District (MPD) during a follow-up operation in Makati City, police said Thursday.

The Bureau of Internal Revenue (BIR) should collect the P40-billion in unpaid franchise taxes of Philippine Offshore Gaming Operators or POGOs and they should leave the country once they’ve paid.

President Duterte has certified as urgent the Senate bill that seeks to allow the government to enforce improved tax collection on Philippine Offshore Gaming Operators (POGOs).

Anti-kidnapping operatives of the Philippine National Police (PNP) rescued a 27-year old Chinese in a raid in a hotel in Pasay City where three of his captors were arrested.

A Chinese man was rescued by members of the Parañaque City Police after he was allegedly kidnapped by two fellow citizens and four Filipinos, police said on Saturday.

Two Chinese workers of the Philippine Offshore Gaming Operators (POGO) and a Filipino were arrested for their involvement in the kidnapping of a Chinese Information Technology expert in Parañaque City.