The exodus of Philippine Offshore Gaming Operator (Pogo) companies that characterized the woes of the Metro Manila office sector in 2020 has ended and demand for new space is returning, property veteran David Leechiu said on Tuesday.
This reversal was partly due to new legislation addressing tax compliance by Pogos—whose operations mainly target gamblers in China—and the potential easing of international travel restrictions as COVID-19 vaccinations ramp up.
The sector also received a powerful boost after President Duterte said last week he was banking on the offshore gaming sector to raise funds to support the country’s pandemic response.
“We are starting to see a number of …
Keep on reading: Leechiu: Pogos are coming back