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Until article source, Filipinos could gamble in licensed http://asiancelebs.info/whales-of-cash-slots-online.php cafes, as well as casinos, but Duterte refused to renew the exclusive license of the operator of more than such cafes, Philweb Corp, after its permit expired on Wednesday.

The Philippine gaming industry is one of Asia's most freewheeling, asias online casino & gaming entertainment scores of online foreign companies over the last decade to set up servers aimed at overseas punters, and has lured investments of billions of dollars in casino resorts. Duterte declared war on online gambling soon after being sworn in asias online casino & gaming entertainment June 30, saying, "Online gambling must stop.

It has sprouted here and there. This is out of control. Philweb's shares lost more than 50 percent to hit lows not seen since after Ongpin resigned last week, telling shareholders he hoped his action would help get the company's license renewed. Philweb has started winding down operations and is working with Pagcor to retain the jobs of its 5, employees.

Pagcor is also looking into the activities of the Philippines' special freeport zones that issue licenses to foreign online please click for source firms, Domingo added. The Philippines is the base for most Asian international online gambling operators, who hold licenses issued by its Cagayan economic zone. These operators, forbidden to accept bets from locals, have been allowed asias online casino & gaming entertainment keep operating.

But Duterte's position on online gaming hosted in the Philippines for bettors from overseas remains to be clarified, Pisano added. However, as the Philippines looks to boost tourism, its burgeoning market for integrated casino resorts, touted as a new Asian hotspot after Macau and Singapore, is unlikely to be targeted, industry executives and Pagcor said. Why Amazon's new headquarters sweepstakes makes it the 'smartest company in the world'.

You are using an outdated version of Internet Explorer. For security reasons you should upgrade your browser. Please go to Windows Updates and install the latest version. You have successfully emailed the post. The Philippines' new president is taking down online gambling. Philippines President Duterte's war on drugs is popular — but it has a dark side. Recommended For You Powered by Sailthru. Featured Why Amazon's new headquarters sweepstakes makes it the 'smartest company in the world'.

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