Philippine Senator and Chairman of the Economic Affairs Committee, Juan Miguel "Migz" Zubiri, recently made a strong call for the government to immediately implement stricter regulations on Online Lending Apps (OLAs) to cut off the funding chain behind online gambling. He pointed out that usury not
The Philippine Senate has requested PAGCOR to submit a list of all licensed gaming platforms, including online gaming companies, physical casinos, and integrated resorts, along with their company and actual beneficiaries. PAGCOR has committed to fully disclose the shareholder structure and beneficia
The Central Bank of the Philippines (BSP) today issued an emergency directive, requiring all electronic wallet platforms nationwide to completely sever all payment connections with online gambling sites (POGO) within 48 hours. This means that major e-wallets including GCash and Maya must immediately
Philippine President Ferdinand "Bongbong" Marcos Jr. recently made it clear that he will not impose a total ban on online gambling, but prefers to implement stricter regulations under an open framework.Malacañang Palace Press Secretary Claire Castro revealed on August 12 that the President plans to
Philippine President Ferdinand Marcos Jr. ("Bongbong") has responded for the first time to the social issues caused by online gambling in his official podcast "Bagong Pilipinas". He stated that although the industry has made significant economic contributions, the negative impacts such as youth addi
Recently, the cryptocurrency application "Crypto Wallet" built into Telegram announced that due to global regulatory pressures, access restrictions have been implemented in several countries and regions, including the Philippines. Filipino users are now unable to use the wallet function, a move that
Belle Corp., a subsidiary of SM Group, recently announced that it will suspend its plans to expand its online gambling business. Senior management admitted that in light of the recent intense debates over online gambling regulation in the Philippines, Belle has decided to adopt a more cautious "wait
French National Lottery company FDJ and German online lottery group Zeal Network SE announced a joint strategic investment in Swedish iLottery and iBingo operator Random State. This investment aims to promote the company's business expansion, marketing capabilities, and product innovation, helping i
According to the "Inquirer", the Philippine government is considering requiring all licensed online gambling operators to list on the Philippine Stock Exchange (PSE) to enhance industry transparency and accountability mechanisms. Finance Minister Ralph Recto stated that mandatory listing would help
Philippine Finance Minister Recto recently revealed that the government is considering imposing an additional 10% tax on online gambling operators, which is expected to increase the national treasury by about 20 billion pesos annually. However, this proposal has raised widespread concerns within the
Indian police recently destroyed a transnational money laundering network serving a Chinese scam group in Lucknow, arresting 8 local residents and revealing how the scam syndicate used the Telegram platform and cryptocurrency channels to launder large amounts of illegal funds, attracting widespread
One of the largest online gambling enterprises in the Philippines, DigiPlus Interactive Corporation, recently issued a warning against the legislative proposal for a "total ban on online gambling," urging the government and legislative bodies to adopt a more prudent regulatory strategy instead of a
At a critical moment when the Philippine gaming industry faces tightening policies and stricter regulation, former Congressman Mike Defensor is entering the market against the trend. He announced a preliminary agreement with the Hong Kong-listed company "Century Entertainment International Holdings
In recent years, the South African sports betting industry has shown a rapid online growth trend. The latest survey shows that especially among young gamblers aged 18 to 34, the popularity of online sports betting is gradually approaching the status of the national lottery. It is expected that by 20
The New Zealand government is pushing a key piece of legislation—the Online Casino Gambling Act—to address the increasing infiltration of offshore gambling platforms into the domestic population. Once passed, the act will issue up to 15 legal online casino licenses over the next three years, marking
On July 7, 2025, the Presidential Palace of the Philippines held a press conference to respond to the government's recent policy focus. Among them, the policy signal on taxing online gambling has attracted widespread attention.Vice Presidential Spokesperson Claire Castro stated that President Marcos
