President Marcos’ Executive Order on POGOs
In a sweeping move, Philippine President Ferdinand Marcos Jr. has mandated the closure of all Philippine Offshore Gaming Operators (POGOs) by the end of 2024. This decision follows years of growing concerns over the impact of POGOs on national security, social stability, and the economy. The ban, formalized through Executive Order No. 74, aims to eliminate offshore gaming activities that have brought challenges in terms of crime, money laundering, and other security risks.
Addressing Social and Financial Risks
The Department of Finance (DOF) and the Anti-Money Laundering Council (AMLC) reported that POGOs contributed to increased crime rates and financial instability. This led to a decisive move to prioritize social welfare over potential revenue from POGOs. By curtailing offshore gaming, the Philippine government hopes to create a safer and more stable environment, free from the controversies that POGOs have attracted.
Preparing for a POGO-Free Future
As the Philippines phases out POGOs, the government has outlined support measures for affected workers and businesses, signaling a commitment to a smoother transition. Agencies like the Anti-Organized Crime Commission and the Department of Human Settlements are actively involved in monitoring and enforcing the ban. The Philippines aims to boost tourism and investment without the risks associated with offshore gaming.
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