All POGO and related offshore gaming operations are required to cease activities and wind up their affairs by 31 December 2024.
Key points:
- President Marcos’ executive order bans all POGO operations due to concerns over security, social stability and financial integrity
- POGO activities must fully cease by 31 December 2024, with government support programs planned for displaced workers
- Multiple government agencies are assigned to prevent the continuation of illegal offshore gaming activities
President Ferdinand R. Marcos Jr. has officially mandated a nationwide ban on Philippine Offshore Gaming Operators (POGOs) through Executive Order No. 74, halting all offshore and internet gaming activities within the country.
The order, signed on 5 November by Executive Secretary Lucas Bersamin, cites concerns regarding national security, public order and economic stability.
The executive order stems from findings by the Department of Finance (DOF) and the Anti-Money Laundering Council (AMLC) which indicate that the social and financial risks linked to POGO activities surpass any economic benefits.
The DOF study highlights that POGO operations are associated with a rise in crime and social unrest, as well as the exploitation of vulnerable populations.
Furthermore, the AMLC report points to an increased risk of money laundering and fraud within the POGO sector, raising concerns about the integrity of the national financial system.
According to the order, the reputational harm caused by POGO activities also impacts foreign investment and tourism, undermining national efforts to position the Philippines as a secure investment and travel destination.
Off the back of this development, all POGO and related offshore gaming operations, including auxiliary services, are required to cease activities and wind up their affairs by 31 December 2024.
The order empowers various government agencies to support and enforce the POGO ban. As such, the Philippine Anti-Organized Crime Commission and the Philippine Drug Enforcement Agency will intensify their efforts to curb illegal offshore gaming activities, while the Department of Tourism will monitor establishments to prevent the use of tourism facilities for illegal gaming operations.
Additionally, the Department of Human Settlements and Urban Development will coordinate with homeowner associations to ensure the restriction of POGO operations in residential and commercial developments.
https://www.gamblinginsider.com/news/27397/president-marcos-orders-immediate-ban-on-philippine-offshore-gaming-operators