Now that the current #Philippines President banned #POGO (Philippine Offshore Gaming Operator), expect major disruptions in online #gambling services.
> Philippine Offshore Gaming Operators (POGOs) is the official designation for firms operating in the Philippines that offer online gambling services to markets outside the country, particularly China.
> POGOs began operating in the Philippines in 2003 and have been regulated by the Philippine government since 2016, at the start of Rodrigo Duterte's presidency. During this period, the industry flourished and generated significant revenues for the Philippine government.
~ https://en.wikipedia.org/wiki/Philippine_Offshore_Gaming_Operator
This is good and bad:
Good: Because #China __HATES__ POGO.
Bad: Yet more Filipinos are jobless… again.
Q: Wait… China hates POGO?
A: Yes. Xi Jinping is always requesting to the Philippines to stop all POGO.
They hate it because:
(1) the mainland Chinese who are hired for POGO are mostly illegal aliens (and thus they don't pay taxes to China);
(2) there are mainland Chinese human trafficking, they're brought to be offer sex to those mainland Chinese working for POGO;
(3) POGO companies are generally owned by mainland Chinese who escaped the clutches of mainland China;
(4) They are primarily online gambling services targeting mainland Chinese.
Bonus: A few days ago, news was shared that China and the Philippines reached an agreement to de-escalate the China-Philippines dispute.
I wouldn't be surprised if part of the deal was to end all POGO operations immediately.
---
Extra extra!
Most POGO companies hires mainland Chinese. The middle management are Filipinos. The upper management are mainland Chinese who escaped the clutches of mainland China.
For Filipinos working in POGO, it is bad. Well, for those mainland Chinese who were mostly illegal aliens, they'll probably find ways not go back to mainland China… because… you know…
---
Where are these POGO companies going to move? #Vietnam. They've been preparing offices in Vietnam since before the 2020 lockdown. Cheaper labor and cheaper rent.
YourOnlyOne / Yohan Yuki Xieㆍ사요한・謝雪矢
npub19l…rggzr
2024-07-22 16:36:20
Author Public Key
npub19lmd2mntyt2ryjssff5k3kgrvugx88p08w85y7z3qlpyvuv6adlswrggzrPublished at
2024-07-22 16:36:20Event JSON
{
"id": "6f2eba24f992b4410a82f8dbd2ed98faeb80eb71151495547e0fbaeb93935e54",
"pubkey": "2ff6d56e6b22d4324a104a6968d9036710639c2f3b8f42785107c246719aeb7f",
"created_at": 1721658980,
"kind": 1,
"tags": [
[
"t",
"Philippines"
],
[
"t",
"POGO"
],
[
"t",
"gambling"
],
[
"t",
"China"
],
[
"t",
"Vietnam"
]
],
"content": "Now that the current #Philippines President banned #POGO (Philippine Offshore Gaming Operator), expect major disruptions in online #gambling services.\n\n\u003e Philippine Offshore Gaming Operators (POGOs) is the official designation for firms operating in the Philippines that offer online gambling services to markets outside the country, particularly China.\n\n\u003e POGOs began operating in the Philippines in 2003 and have been regulated by the Philippine government since 2016, at the start of Rodrigo Duterte's presidency. During this period, the industry flourished and generated significant revenues for the Philippine government.\n\n~ https://en.wikipedia.org/wiki/Philippine_Offshore_Gaming_Operator\n\nThis is good and bad:\nGood: Because #China __HATES__ POGO.\nBad: Yet more Filipinos are jobless… again.\n\nQ: Wait… China hates POGO?\nA: Yes. Xi Jinping is always requesting to the Philippines to stop all POGO.\n\nThey hate it because:\n\n(1) the mainland Chinese who are hired for POGO are mostly illegal aliens (and thus they don't pay taxes to China);\n(2) there are mainland Chinese human trafficking, they're brought to be offer sex to those mainland Chinese working for POGO;\n(3) POGO companies are generally owned by mainland Chinese who escaped the clutches of mainland China;\n(4) They are primarily online gambling services targeting mainland Chinese.\n\nBonus: A few days ago, news was shared that China and the Philippines reached an agreement to de-escalate the China-Philippines dispute.\n\nI wouldn't be surprised if part of the deal was to end all POGO operations immediately.\n\n---\n\nExtra extra!\n\nMost POGO companies hires mainland Chinese. The middle management are Filipinos. The upper management are mainland Chinese who escaped the clutches of mainland China.\n\nFor Filipinos working in POGO, it is bad. Well, for those mainland Chinese who were mostly illegal aliens, they'll probably find ways not go back to mainland China… because… you know…\n\n---\n\nWhere are these POGO companies going to move? #Vietnam. They've been preparing offices in Vietnam since before the 2020 lockdown. Cheaper labor and cheaper rent.\n\n",
"sig": "4026cd4ee58a36e7b9e4c0f995f26c49aed12f5ad2faad165a2dfa0c0d775ee1849faa8096d02c896c4b40ca73606b96030dc964610b442904759b107b1e910f"
}