Internet gambling in the Philippines may be completely prohibited. It was initiated by their president, Rodrigo Duterte.
According to the notification, he intends to close all financial transactions with online gambling. Once this information has appeared, the PhilWeb industry giant local shares fell down for 30%. The Government has already complicated one of the local companies life, having deprived its exclusive right to work in the Philippines market this summer. Actually, PhilWeb company has applied for a new Philippine license. However, it also has difficulty after the government interference with the software supply for gambling retail outlets.
Gambling in the Philippines has excellent prospects for development and can compete with Macau. But the authorities’ pressure on the industry is growing, and it is unknown whether it will be able to survive in such conditions.