Duterte Changes Stance on Gambling Due to COVID-19 Impact on The Philippines
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Duterte has changed his stance on gambling to encourage it in order to attract funds after the devastating impact of the pandemic.
Duterte Changes Stance on Gambling Due to COVID-19 Impact on The Philippines. He wants gambling to be encouraged within the country as a source of funds to address the health crisis and recover the money lost due to the pandemic.
Duterte changed his stance on gambling in order to secure funds for the country. He had previously declared himself against gambling activities. In 2016, he ordered regulators to revoke all licenses saying that the funds would go for health services for poor. In 2017, the police and the National Bureau of Investigation mobilized against illegal activities and banned online gaming operators from serving customers outside the territory of the licensing authority.
Duterte changes his stance on gambling to encourage it.
Duterte wants to change gambling laws to impose higher taxes. He wants POGOs to pay 5% on gross gaming revenue and 25% for employees. In 2018, he canceled the famous US$500-million casino project by Macau’s Galaxy Entertainment Group in Boracay and suspended a 50-year land lease deal for the development of a US $1.5-billion integrated resort in Manila”s Entertainment City. Recently, the country has become more welcoming to domestic online gambling.
