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He also pointed out that the government lacks a centralized regulatory body for digital gambling in the Philippines, grappling with a limited public health response. “Lower-income groups are heavily affected, risking poverty perpetuation. It is also important to mention that online gambling poses serious social repercussions, including mental health decline, family conflict and attempted suicide,” he said in a statement.
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“This is a delicate balancing act in view of traditional and online versions, which would require consistency in the application of legislation,” he said in a Viber message. “Rather than a full ban, we think the government will implement stricter policies instead, and not a complete ban. Besides this, thousands of Filipino workers will be displaced once this pushes through,” she added. Shares of Tanco-led digital entertainment company DigiPlus Interactive Corp. dropped by 3.31% or P1.15 to P33.6 apiece, while stocks of gaming technology provider DFNN, Inc. fell by 10.71% or 27 centavos to P2.25 per share. Cayetano questioned Tangonan on why he waited until the day of the hearing to issue the order when the BSP had already consulted e-wallet operators as early as July. If you believe this request is not suitable, you can report it for attention by the site administrators.
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