From the start of the COVID-19 pandemic, analysts predicted the world would fall into hard times, especially for operators, with anybody short of resources going under as the epidemic continued.
Unfortunately, this is the case in the Philippines, where close to five major Offshore Gambling Operators how closed shop. There is some good news too, as 11 others have resumed business.
Local media reports indicate that 5 POGOs and another ten local providers closed shop, informing workers of their decision two weeks prior. More than 2000 residents are out of work in a variety of positions, including administrators, IT experts as well as production staff.
The closure of POGOS offices during the quarantine period, as well as the cost of ongoing operations, were some of the reasons the sector is having a hard time. It does not help in any way that the local Bureau of Internal Revenue is asking businesses to pay up outstanding taxes before they are allowed to resume.
Meeting this demand might be tight, but not impossible. About 11 POGOs have resumed operations based on the country’s Amusement and Gaming Corporation requirements. The firms in question met the Bureau’s demands and were allowed to get back to work.
More are on the way. About two POGOs firms have submitted Bureau clearance. They are on the list of those expecting to be issued an Authority to Resume Operations. However, this is subject to inspections of their work environment by the enforcement and monitoring department.