{"id":38396,"date":"2024-03-04T14:24:41","date_gmt":"2024-03-04T06:24:41","guid":{"rendered":"https:\/\/phyz888.com\/?p=38396"},"modified":"2024-03-04T14:25:18","modified_gmt":"2024-03-04T06:25:18","slug":"what-is-pogo-in-the-philippines","status":"publish","type":"post","link":"https:\/\/phyz888.com\/what-is-pogo-in-the-philippines\/","title":{"rendered":"What is POGO in the Philippines?"},"content":{"rendered":"\t\t
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We\u2019ll cover what POGO<\/strong> is and the impact of POGOs<\/strong> on various aspects of life in the Philippines.Hopefully, our overview will bust common myths and address topical issues that need clarification.<\/p>

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What Is POGO\u2019s Meaning in the Philippines?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To grasp the meaning of POGO<\/strong> in the Philippines<\/strong><\/a>, we must first say that the abbreviation stands for \u201cPhilippine Offshore Gaming Operator\u201d POGOs<\/strong> are online gambling platforms that primarily serve players located outside the country, with licenses regulated by the Philippine Amusement and Gaming Corporation (PAGCOR).<\/p>

POGOs<\/strong> have a profound impact on several areas of life in the Philippines. Economically, they generate substantial revenue and create employment opportunities. However, their presence also poses challenges related to tax compliance, labor practices, and land use.<\/p>

Some erroneously believe that POGOs<\/strong> solely benefit foreign players, neglecting their contributions to the local economy. Additionally, there are misconceptions about these operators facilitating money laundering, which authorities actively address through stringent regulations and monitoring.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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How Philippine Offshore Gambling Operators Are Licensed\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To obtain a POGO<\/strong> license, interested companies must go through a specific process overseen by the Philippine Amusement and Gaming Corporation. Step one involves a thorough screening of the applicant\u2019s background, reputation, and financial capabilities.<\/p>

The application is open to both local and foreign entities, provided they meet the stringent requirements set by PAGCOR. However, the Clark Development Corporation (CDC) recently announced that it will no longer approve or license offshore gaming operators. Regardless, these are the steps applicants must follow:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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