Rodrigo Duterte, the president of the philippine has given an order to immediately terminate the country’s cockfighting contest licenses that related to events presented online.
Once an ardent critic of all gambling activities, having quashed new casino developments in Boracay and Manila, Philippines President Rodrigo Duterte now considers gambling a necessary source of funds to fight the COVID-19 pandemic.
Under a Senate bill, which Roque said Duterte designated as “urgent,” offshore gaming operators must pay 5% tax on their gross gaming revenue, according to Senator Pia Cayetano, the measure’s sponsor.
The presidential spokesperson made it clear that Duterte is considering shutting down POGO operations entirely if irregularities continue to escalate. He explained that the president had previously suspended lottery operations when there were questions about anomalies, so he is not averse to the idea of suspending POGO operations immediately.
Taxation of POGOs has become a hot topic in the Philippine legislature, with proposals to impose a variety of levies on the sector to ensure the government was getting a proper share of online gambling revenue.
When anti-gambling President Rodrigo Duterte took office in mid-2016, First Cagayan’s move out of its assigned territory gave Duterte a reason to knock it out of online gaming.
After Philippine President Rodrigo Duterte’s high stake meeting with President Xi Jinping, market experts expected that Philippine property stocks may perform on the uptrend.
Philippine President Rodrigo Duterte met his Chinese counterpart Xi Jinping on Aug 29, their eighth meeting in three years in what Manila’s top envoy in Beijing described as a high-stakes meeting with the intent “to build bridges, not to burn”.
The President of the Philippines, Rodrigo Duterte, and Chinese President Xi Jinping are poised to discuss matters related to cross-border gambling.
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