Gatchalian hits PAGCOR on failure to come up with growth strategy for POGOs

Gatchalian hits PAGCOR on failure to come up with growth strategy for POGOs

By Liza Soriano

MANILA — Senator Win Gatchalian criticized the Philippine Amusement Gaming Corp. (PAGCOR) for failing to develop an effective strategy for expanding the Philippine Offshore Gaming Operators (POGOs), despite the fact that PAGCOR advocates for their continuing existence in the nation.

“Despite having taken a stand supportive of POGOs, it has become clear that PAGCOR lacks a thorough appreciation of the industry,” Gatchalian said.

“Given many uncertainties relating to the industry, we cannot gamble on our peace and order, life, and liberty, and just cross our fingers that everything will work out fine,” the senator added.

He claims there is no basis for and no context for the four-page PAGCOR roadmap for the POGO industry that was given at a hearing by the Senate Committee on Ways and Means.

“Unfortunately, PAGCOR’s roadmap for the POGO industry does not have any of these details. At best, the roadmap is a mere wish list and at worst, plain rubbish,” said Gatchalian, who chairs the committee.

PAGCOR’s roadmap for the POGO industry sets a P10.227 billion revenue target by 2027, increasing from a projected income of P2.38 billion for the year, and a target of P3.45 billion in 2023, P4.84 billion in 2024, P6.29 billion in 2025 and P7.86 billion in 2026.

According to PAGCOR, the components of the roadmap include intensifying inter-agency cooperation, encouraging more POGO hubs, increasing the number of licensees, and eliminating social ills. (ia/mtvn)

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