Rodrigo Duterte, President of the Philippines, has announced his intention to ban all forms of online gambling in the country. Duterte said that online gambling is not beneficial to the Philippines: there is no way of collecting taxes and the government is not able to regulate the online gambling market.
“I was mad because even the youth are gambling and there was no way of collecting the proper taxes. Pay the correct taxes. Gamble until you die. I do not really care,” he had said.
Specialists estimate that if the government decides not renew licenses of those who operate online gambling sites, the Philippines could lose more than $215 million in annual revenues.