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Outside of drummed up media and political scandals, the real reason why Philippine Offshore Gambling Operators (POGOs) are potentially in trouble in the Philippines is due to taxes. The Bureau of Internal Revenue (BIR) has just restated that all foreign based operators must pay a 5-percent franchise tax but the Philippine Gaming and Amusement Corp (PAGCOR), regulator of the industry, disagrees.

THE LONG CON

In a strange turn of events, online poker is as popular as it’s ever been. But for the same reasons online poker is now thriving, live poker is scrambling to figure out its future. To discuss how the pandemic has affected the entire poker industry, Ivonne Montealegre, Event Director of the Malta Poker Festival, joined our very own Becky Liggero Fontana for this week’s episode of The Long Con.

FROM OUR FRIENDS AT COINGEEK

2020 has been a turbulent year. With global economic disruption to every part of the supply chain, bundled with record levels of inflation to the money supply as a result of the coronavirus pandemic, it has coincided with a key quadrennial Bitcoin economic event where the block reward miner’s profitability from the fixed economic subsidy was cut in half.

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