Solaire North in Quezon City is Bloomberry ’ s expansion in other areas of the Philippines
The success of Manila ’ s Solaire , owned by Bloomberry Resorts , awakened developers ’ dreams of a burgeoning Entertainment City shifted to PAGCOR . Those providers then became known as POGOs .
POGOs peaked in size and performance in 2019 . The pandemic caused a contraction , shrinking the industry by nearly half . Nevertheless , POGOs and their affiliate industries continue to account for a sizable portion of commercial real estate leases in and around Manila .
In addition , foreign workers require housing , which in turn has helped the fortunes of the residential real estate market .
While there continue to be controversies surrounding POGOs , there are now too many vested interests that benefit from this industry . Despite calls to close down the industry , POGOs are expected to continue albeit under closer scrutiny by regulators .
PIGOs
In 2021 , PAGCOR , the Philippines gaming regulatory authority , authorized the issuance of Philippine Inland Gaming Operations ( PIGO ) licenses . Introduced in response to the closure of land-based gaming venues due to Covid-19 , PIGOs allow casino and integrated resort operators to offer online gambling to their existing registered members , allowing those members to log in and play from anywhere within the country .
Remote e-Slots
Recently , PAGCOR issued regulations governing Remote e-Slots . These are actual slot machines that players can access from other countries , allowing them to play an actual machine remotely . PAGCOR regulations state : “ There are still players who have reservations in playing online . There are issues with the integrity of games which are run mainly by software or through the cloud . Likewise , the difference between seeing computer images as opposed to physical machines to which a player is more accustomed is understandable . This gap is now being bridged by technology through remote