The Chinese Embassy in the Philippines said late Thursday that China welcomes last week’s announcement by Philippine President Ferdinand Marcos Jr banning the nation’s offshore gaming industry, claiming the decision represents the best common interests of the people of both countries.
President Marcos caused quite the stir when he announced the ban during his State of the Nation Address last Monday, under which no new Internet Gaming Licenses (IGLs) – previously known as POGOs – may be issued and all existing licensed must be wound back by the end of the year.
In response, the Chinese Embassy in the Philippines issued a statement in which it said, “We have noted President Marcos’ announcement of banning all POGOs and welcome this development. We believe this decision echoes the call of the Philippine people and serves the common interests of people of both countries.
“The Chinese law prohibits all forms of gambling. The Chinese government strictly cracks down on Chinese citizens engaging in overseas gambling businesses including POGO. POGO breeds serious crimes and gravely undermines the interests of both Philippine and Chinese peoples.
“In line with this commitment, China is ready to continue its strong law enforcement cooperation with the Philippines and better protect the safety and well-being of the two peoples.”
PAGCOR Chairman and CEO Alejandro Tengco told lawmakers on Tuesday that the regulator would not distinguish between POGOs (Philippine Offshore Gaming Licensees) and IGLs in enforcing the ban, confirming the licenses of the 43 existing licensees would be cancelled by the end of the year.
Leading industry lawyer and consultant Vladaimir F. Bedural told IAG that industry suppliers will also have to justify their existence to PAGCOR and prove they are servicing non-POGO companies if they wish to remain in the country.
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