Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
The Philippines' gaming regulator said on Tuesday it will cancel the licenses of offshore gambling firms and work with law enforcement agencies to implement President Ferdinand Marcos Jr's order of a total ban on the industry.In his State of the Nation address on Monday, Marcos said he was banning Philippine Offshore Gaming Operators , an industry dominated by Chinese firms, and ordered the regulator to wind down the sector by the end of the year.
The challenge for law enforcers was to prevent these firms from going underground, Tengco said, adding the government stood to lose around 23 billion pesos of license fees and taxes annually from the licensed POGOs.The Finance and Labor Departments will assist displaced Filipino workers through safety nets and training programs, Finance Secretary Ralph Recto said in a statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EDITORYAL — POGO hubs gawing eskuwelahanMARAMI pang illegal Philippine offshore and gaming operators (POGOs) ang nag-o-operate sa buong bansa.
Read more »
Speaker orders full probe into illegal POGO activitiesThe House of Representatives will investigate illegal activities involving Philippine offshore gaming operators or POGOs.
Read more »
Philippine Business Groups advocate for total ban on POGOsDefining the News
Read more »
West Philippine Sea, POGOs, other highlights of Marcos' speechLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Losses vs gains: What will happen to the economy if the government bans POGOs?Do the potential benefits outweigh the losses if POGOs leave the Philippines?
Read more »
Philippines losing P99.52 billion yearly due to POGOs — DOFThe Department of Finance doubled down on its stance to ban Philippine Offshore Gaming Operators (POGOs), saying that allowing the gaming hubs to continue operations is costing the country P99.52 billion a year.
Read more »