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
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
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
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
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
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