Business groups back POGO closure with phased approach

Several major business organizations in the Philippines have expressed support for the closure of Philippine Offshore Gaming Operators (POGOs).

The Philippine Chamber of Commerce and Industry (PCCI) specifically advocates for a phased approach to the shutdown of POGO operations.

PCCI warned that an abrupt closure could lead to significant job losses and the collapse of businesses reliant on POGO services, such as food, administrative support, and transportation.

The real estate sector may also suffer, as many office buildings were constructed to accommodate POGO companies.

Financial institutions that funded these office constructions and ancillary industries like real estate and communication services could face collateral damage.

PCCI demands the immediate closure of all POGOs operating illegally or without proper licenses.

The organization also urges PAGCOR, the Bureau of Internal Revenue, and the Bureau of Immigration to meticulously review the mandates, work permits, and tax responsibilities of POGO operators.