Cutting off the links of electronic wallets to gambling websites essentially represents the government's overall stance on the future of gambling.
Currently, the performance of locally licensed gambling companies in the Philippines has dropped by over 80%. This is not alarmist talk but a fact supported by data. Out of the total 60 licenses, more than 20 companies rely on GLIFE for survival, and GCASH generates hundreds of millions monthly from gambling companies. This abrupt cut-off indicates that the protective umbrella behind them has lost power, or even switched sides.
The political factions clearly believe that the money harvested from PIGO is sufficient, and they are now planning to abandon PIGO.
The series of actions that followed clearly demonstrate their stance, such as setting the minimum first deposit amount to over 500P, raising the age limit, and requiring wallets to set a transfer limit to gambling sites, all aimed at tightening the living space of licensed companies.
However, they also appear somewhat helpless against illegal gambling sites, currently just messing around, in a disorganized and reckless manner, trying to patch things up for the public and Catholics by adopting a self-cutting approach.
PIGO operators should be wary.
This post originated from PASA, do not recklessly repost without citing the source.
I'll talk about my pessimistic feelings towards the future of the Philippines' PIGO.
Comments0
Just like playing house
Three companies around me have laid off employees.
mess around
After calculating, cockfighting is about to be opened.
The dividend period is completely over, time to find something new to do.
Find a new country.
The cycle of PIGO has arrived.
Can only endure it hard
Political purge is here again.
Don't, I just joined PIGO company to work remotely.
Aren't you in Cambodia?
Reply 一只小海星 : Said remote
Underground gambling website giggling
Go to Sri Lanka, it's legal there too.
Living off policies ultimately leads to this end.
This is a complete switch to the anti-gambling side.
No more chances.
On the surface, it is to protect the public, but in reality, it is a political game.
Once enough money is collected, PIGO becomes worthless.
That 500RMB first-time top-up threshold is simply killing the casual players.
