Asia

Five POGOs Close Down Their Operations in Recent Weeks

Published

5 years ago

June 23, 2020

Niji Narayan

Five POGOs Close Down Their Operations in Recent Weeks

Reading Time: < 1 minute

Five Philippine Offshore Casino Operators (POGOs) have closed down their operations due to the difficult business environment caused by Covid-19.

High overhead costs, prohibitive lease expenses and inability to resume operations are the likely causes of the closures.

The information comes from an unnamed industry source, who adds that at least 10 local POGO service providers have also closed down in recent weeks.

“Short on cash following three months of suspended operations, it won’t be surprising if more POGO firms and local service providers will close shop soon,” the source said.

In an early interview with Asia Gaming Brief, industry consultant Danny Too said that a number of Philippine-based online gaming operators had been seen moving their operations to Cambodia in order to avoid the temporary halt in business.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.