POGO
terms
Pronunciation: POH-go
Definition
Philippine Offshore Gaming Operator - companies licensed to offer online gambling to foreign markets.
Detailed Explanation
POGOs are companies licensed by PAGCOR to operate online gambling services exclusively for customers outside the Philippines. They cannot legally serve Filipino customers. POGOs brought significant foreign investment and employment but also raised concerns about money laundering and tax compliance. Many have faced regulatory scrutiny.
Usage Example
"The POGO industry employed thousands of Chinese nationals in Metro Manila."
Philippine Context
POGOs became controversial due to regulatory issues, tax disputes, and their association with illegal activities, leading to stricter oversight.
