December 26th, 2016 by Fire Casinos
Philippine President Rodrigo Duterte vows to end online gambling
On Thursday the 22nd of December, Philippine President Rodrigo Duterte announced that he will put an end to online gambling.
“I am ordering the closure of all online gaming (companies). All of them.” said President Duterte while presenting a budget for 2017.
However, this does not come as a big surprise, since Duterte announced that he will be taking a stance against online gambling in August 2016, when he said; “I will restore online (gambling) provided taxes are correctly collected and they are situated or placed in districts where gambling is allowed, which means to say, not within the church distance or schools.” He also said; “I was mad because even the youth are gambling and there was no way of collecting the proper taxes.”
The Philippines stands to lose approximately 10 billion pesos ($215 million) in annual revenues by not renewing the licenses of online gambling sites that are operating in its jurisdiction.
“Pay the correct taxes. Gamble until you die. I do not really care.” said Duterte.