Hours after he took his oath, President Rodrigo Duterte has vowed to put an end to online gambling in the country, local media reports.
“Online gambling must stop… I don’t want the proliferation of gambling in the country,” he said.
Duterte said he will direct PAGCOR chief Andrea Domingo to rescind licenses that have been issued for online gambling “sometime” soon.
“There is no way of government collecting taxes there online. How do you collect taxes there? Not exactly the taxes but I do not want a proliferation of gambling activities all over the country. Mahirap ‘yan,” he said.
Last month, Duterte said he would realign all earnings of PAGCOR towards health and education. Duterte said health would be one of the top priorities of his administration.
“I will commit all earnings [from] PAGCOR which runs to billions,” he said.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Four workers from Mainland China threatened to jump from a building under construction as part of Galaxy Entertainment's Phase 3 & 4 expansion project due to a labour dispute. The Fire Department persuaded the workers to descend and no one was hurt in the incident.
Tomakomai Mayor Hirofumi Iwakura is stepping up his pressure on Hokkaido Governor Naomichi Suzuki to get behind the city’s desire to bid for an IR license. Iwakura has reiterated that the nine month delay in the national timeline should make a bid feasible.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.