Philippines: online gambling necessary to boost economy (Sabong News)
The Philippine president, Rodrigo Duterte, has said that he allowed online gambling because the country needs money to recover from the Covid-19 pandemic.
The Philippines.- Last year, three operators in Manila were granted licences to develop
. Now, the Philippine president, Rodrigo Duterte, has explained why he took the decision to allow the move.
According to the Philippine News Agency, Duterte said: “We don’t have money… Now that we need money,
.”
In May, PAGCOR reported that
was
mainly due to the impact of Covid-19 restrictions.
The possibility of
has resurfaced in recent weeks after the House of Representatives approved the creation of the
as a government-owned and controlled corporation (GOCC).
However, the bill was
, local government units, stakeholders and some congressmen who want to protect the island’s environment.
, chairman of the Boracay Inter-Agency Rehabilitation Management Group, said: “The problem of Boracay is one of over-tourism and overdevelopment.
“What we need in terms of sustaining the rehabilitation and ecological sustainability of the island is
.”
In June,
granted permits to four e-sabong firms to operate in the country. PAGCOR hopes to grant permits for six
as
has rocketed in the Philippines since
.
The Philippines’
.