MANILA, Philippines — While stopping Philippine offshore gaming operators (Pogo) from running games will somehow affect the country's revenue collection, Finance Secretary Benjamin Diokno has admitted that it would be better for the country in the long run. Diokno, at the Kapihan sa Manila Bay forum on Wednesday, said that he believes stopping Pogos from operating would not put a dent on the country's finances, adding that the social costs outweigh the revenues put in by the operations. According to the Department of Finance secretary, it may be a reason why the Philippines is still being watched by the Financial Action Task Force (FATF) for money laundering — because these gaming operations are supposedly being used for this activity.

https://newsinfo.inquirer.net/1794674/diokno-stopping-pogo-would-affect-revenue-collection-but-better-for-ph-in-long-run

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