Domingo expects revenue from POGO licensee to double this year

Philippine Amusement and Gaming Corporation (PAGCOR) chair Andrea Domingo said she expects income earned from online casinos under the POGO scheme to reach P6 billion in 2018, The Inquirer reports.

The expected fees are a dramatic increase from the P3.1 billion earned last year.

“Not all the licensees were fully operational last year,” said Domingo regarding the 45 firms granted licenses by PAGCOR last year. “But this year, everyone will be operational, so we expect revenue to increase.”

Under the POGO scheme, each licensee is required to pay $10,000 in licensing fees per month for a minimum of 15 gaming tables, or a total of $150,000 per month per POGO licensee.

“Today, the international betting community has a lot more confidence in fair play in gaming, and they know that that they’re protected against fraud,” Domingo said. “Secondly, the government is getting a lot more revenues now, instead of just P56 million a year.”

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