Online casino operator Online Game is betting big on the POGO market for 2018 and expects electronic gambling to continue to grow in popularity there.
Brian Ang, Oriental Game president, said the government’s P6-billion revenue target for its Philippine Offshore Gaming Operations (POGO) will likely be met as the industry starts to take off.
“I’m really confident that this industry is going to take off. For me this is a very good situation, we really want to get support from PAGCOR,” Ang told local media.
Ang said the firm plans to expand in the country including increasing its workforce.
“We’re going to expand our office as we try to make new games, and technology. So, we need to hire more people locally or even bring back good people working in Dubai, Qatar, China, Korea,” Ang said.
PAGCOR chair Andrea Domingo announced recently that the regulator is hoping to collect PHP6 billion (US $115.4 million) this year from Philippine offshore gaming licensing, or POGO, as the licenses become operational.
Domingo said POGO’s revenues will be boosted by PAGCOR’s third-party consulting firm that will audit online gambling licensees’ financial activity.
The regulator has issued licenses to at least 45 online casino operators and 10 sports betting operators since it was introduced in 2016. Domingo said the regulator is capping total licenses at 50 until it sees enough demand from legitimate operators.
