Philippines’ Duterte Now Favors Gambling; Casino Stocks Rise

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Rappler

Philippines included in China’s overseas gambling blacklist, Zubiri says

ONLINE GABMLING. File photo of PAGE 2019 (the Phil-Asian Gaming Expo) at SMX Convention Center in Pasay on July 12 to 14, 2019. Photo by Rappler (1st UPDATE) Senate President Juan Miguel Zubiri says Chinese Ambassador Huang Xilian shared the information with him during a courtesy call on October 10 MANILA, Philippines - Senate President Juan Miguel…

Politics ・ 11 October 2022

Vegas Slots Online

‘Go Ahead and Gamble’ Philippine President Duterte Says

The historically anti-online gambling Philippine President Rodrigo Duterte has done a startling about-face in his stance on the subject, with Bloomberg reporting that gaming stocks have risen following his announcement earlier this week. "Go ahead and gamble" was the proclamation issued from Duterte's office on July 7. Bloomberg took to Twitter…

Covid ・ 10 July 2021

Gambling News

Duterte Changes Stance on Gambling Due to COVID-19 Impact on The Philippines

Once a fierce opponent of gambling activities, Philippine president Rodrigo Duterte has changed his position to urge wagering in order to attract funds after the devastating impact of the pandemic. Philippine President Rodrigo Duterte has softened his tone with regards to gambling in the country due to the negative impact of the COVID-19 pandemic.…

Covid ・ 09 July 2021

Yogonet

Philippine President now wants online casinos back in bid to raise funds

hilippine President Rodrigo Duterte, who has been against all gambling activities for several years has changed his views on the matter and wants online casinos to return in a bid to raise more funds for the cash-strapped government's pandemic response. In a televised speech on Wednesday, Duterte said Finance Secretary Carlos Dominguez III is…

Finance ・ 09 July 2021

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Asgam

COVID-19 sees Philippines President Duterte change tune on online gambling

Once an ardent critic of all gambling activities, having quashed new casino developments in Boracay and Manila, Philippines President Rodrigo Duterte now considers gambling a necessary source of funds to fight the COVID-19 pandemic. Duterte outlined his views during a meeting with political party officials on Wednesday, with state-owned Philippine…

Covid ・ 07 July 2021

ABS - CBN News

Duterte says he allows gambling because 'we have no money'

MANILA - President Rodrigo Duterte said on Tuesday he has allowed gambling operations in the country because state funds are running low, even as he at one point said he hated it. Duterte noted he once said he was against gambling. But he said the COVID-19 pandemic forced government to use its reserved funds. "Sabi nila sa panahon ko, pinayagan ko…

Covid ・ 07 July 2021

Canadian Inquirer

Online gambling allowed to boost Covid response funds: PRRD

MANILA - Despite previously being against online gambling in the country, President Rodrigo Duterte on Wednesday said he was forced to allow the activity to boost the country's Covid-19 response funds. In a pre-recorded meeting with his political party officials, Duterte said allowing gambling operations was the most "sensible" thing to do,…

Covid ・ 08 July 2021

CNN

Chinese gamblers defying a ban at home are powering the Philippines' casino boom

Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China.This is what a typical POGO -- or a Philippine Offshore Gaming Operator -- looks like, according to descriptions provided to CNN by several gaming experts. Some are based in abandoned malls, while others are found in converted parking lots or…

Covid ・ 06 February 2021

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