The Philippine Amusement and Gaming Corp. (Pagcor) has issued around 35 offshore gaming licenses or POGOs, so far, according to sources, Philstar reports.
One source said what remains to be seen is how many of these licensees would actually operate their respective offshore gaming entities.
Initially, the gaming regulator said it would cap the number of Philippine offshore gaming operators (POGOs) applicants at 25 for the first six months of implementation.
“It will last for a year and they (licensees) know that we might be changing the rules and regulations after that,” Domingo said, quoted by BusinessWorld Online.
Pagcor said the introduction of offshore gaming was “meant to safeguard the welfare of the Filipinos at the same time meet the agency’s revenue targets to help fund the government’s nation-building programs.