PAGCOR Speaks Out: Full Implementation if Ban is Enacted! The Future of Online Gambling in the Philippines Looks Bleak.

The Philippine Amusement and Gaming Corporation (PAGCOR) recently officially responded to the legislative proposal to completely ban online gambling, clearly stating that it will fully support and comply with the regulations. This move is seen as an important signal of a policy "emergency brake" fac

The Philippine Finance Minister plans to impose heavy taxes and set limits on online gambling, initiating a new phase of stringent regulation.

Philippines' Finance Minister Ralph Recto recently stated that the government is brewing a comprehensive taxation on the online gambling industry and plans to incorporate it into a high-intensity financial regulatory system. This reform aims not only to rectify the industry's disorder but also hopes

Philippines announces ten priority bills: targeting online gambling, exploitative labor practices, and low-wage predicaments.

In the 20th Congress of the Philippines, Senator Joel Villanueva took the lead in submitting a package of ten key legislative agendas, covering critical areas such as labor protection, wage reform, combating online gambling, and anti-corruption, which quickly attracted widespread attention.Long dedi

Philippine Central Bank Takes Action! Plans to Block Online Gambling Payment Channels and Strengthen Supervision

The Central Bank of the Philippines (BSP) recently announced that it is studying new regulations to restrict online gambling payment channels through financial institutions, aimed at enhancing consumer protection and reducing gambling-related financial risks. The central bank has issued a regulatory

DigiPlus responds to rumors of gambling restrictions and stock price decline: Legislation is premature, business progresses as usual.

Philippine listed company DigiPlus Interactive Corp said on Friday that the recent decline in stock prices may be related to "market speculation about the bill limiting online gambling." Previously, DigiPlus's stock price fell 13.9% on Thursday to close at 38.75 Philippine pesos per share, and fell

Philippine gambling industry shock! Tightened regulation in the Philippines triggers a stock market sell-off, with DigiPlus plummeting 40% during trading.

The Philippine online gambling industry has recently taken a hit. As Senator Zhang Qiaowei proposed a bill to strengthen regulation, market confidence was undermined, and several gambling concept stocks plummeted. The gaming giant DigiPlus (PLUS) saw its stock price plummet by 40% during the session

Philippines proposes a major bill to ban online gambling: PIGO may be impacted, with operations, betting, and promotions all becoming illegal!

Philippine Senator Pia Cayetano and her brother Alan Peter Cayetano recently jointly proposed a bill to completely ban online gambling, advocating for the prohibition of all forms of online gambling including online casinos, gambling apps, and live betting, and declaring the operation, betting, and

A former Philippine official calls for stronger regulation of online gambling ads to prevent addiction and increased family risks.

According to the "Manila Bulletin", former anti-corruption commissioner and current CEO of Capstone Intel Corporation, Nicasio Conti, has called on the government to tighten regulations on online gambling advertisements, warning that they could induce addictive behavior and increase social risks.Con

PAGCOR launches the "PAGCOR Assurance" website to combat online gambling fraud!