The firm currently has approximately 10 percent revenue exposure in the Philippine Offshore Gaming Operations , CEO Buds Wenceslao told Cathy Yang in an exclusive interview for ANC’s The Boss.
POGOs, which mostly cater to Chinese players abroad, have received opposition from various sectors due to alleged labor, tax and other violations. "It’s the same way if you have a portfolio of stocks, you don’t want to have 30 percent of your stocks within one company, you want to make sure that you’re diversified across several industries,” he added.
Business Process Outsourcing has about 20 percent share of its office space portfolio while the rest are from banks, shipping and logistics companies, among others. Office supply is “steadily” growing in the Manila Bay area while demand is “huge” for condominiums, he said. Land value has also increased to up to P270,000 per square meters in the area, he added.
“I think any supply and product that we put out in the market, for this particular location is going to do well. We’re pretty confident that the location and the product that we’re putting out there will still be competitive,” Wenceslao said.
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1/4 of registered POGO workers are Filipino, says PagcorA quarter of the people employed by licensed Philippine offshore gaming operator (Pogo) firms are Filipinos, according to the country’s casino regulator, debunking the assertion of critics that the daxINQ Like van drivers? daxINQ POGO: 'I promise u revenue of 10 (for scale)' *gives 1 DUTS: 'Wow! This is more than enough! We are rich now!' . POGO: 'See! A quartr of our employees are Fil.' *lots of undoc Chi. workrs *alot are unlicensed *that 'quartr' in reality is much smaller! ⚠️SCALE PEOPLE.. SCALE! 🤷🏻♂️ daxINQ Then why are 3/4 of their employees Chinese when we have so much unemployment here in the country, your facts do not justify your stance of rwtaing POGO operations
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1/4 of registered POGO workers are Filipino, says PagcorA quarter of the people employed by licensed Philippine offshore gaming operator (Pogo) firms are Filipinos, according to the country’s casino regulator, debunking the assertion of critics that the daxINQ Like van drivers? daxINQ POGO: 'I promise u revenue of 10 (for scale)' *gives 1 DUTS: 'Wow! This is more than enough! We are rich now!' . POGO: 'See! A quartr of our employees are Fil.' *lots of undoc Chi. workrs *alot are unlicensed *that 'quartr' in reality is much smaller! ⚠️SCALE PEOPLE.. SCALE! 🤷🏻♂️ daxINQ Then why are 3/4 of their employees Chinese when we have so much unemployment here in the country, your facts do not justify your stance of rwtaing POGO operations
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