Philippines Experiences Revenue Surge from Offshore Gambling Operators

    The Philippines has reported a significant surge in revenue from its offshore gambling operators, known as Philippine Offshore Gaming Operators (POGOs). According to the Philippine Amusement and Gaming Corporation (PAGCOR), the sector generated over $4 billion in taxes and fees in 2023, marking a record high.

    The government credits the increase to stricter enforcement of regulations, which has boosted compliance among operators. However, POGOs remain a contentious issue, with critics citing concerns over social harm, money laundering, and crime associated with the industry.

    Despite these challenges, the Philippines continues to promote itself as a hub for online gambling, offering competitive tax rates and a skilled workforce to attract international operators.