Duterte orders closure of all online gaming firms

Duterte orders closure of all online gaming firms

- in Economy, News
0
@MindaNation
FILE PHOTO: President Rodrigo Duterte. ACE MORANDANTE/Presidential Photo

MANILA, December 23, 2016 (PNA) — President Rodrigo Duterte on Thursday ordered the closure of all online gaming firms based in the Philippines, saying the country has no mechanism to regulate online gambling.

“I am ordering the closure of all online gaming, all of them. They have no use to government,” the President said during his speech after the ceremonial signing in Malacañang of the P3.35-trillion national budget for 2017.

He said he is ordering the closure because while gambling here is taxable, the Philippine government has no mechanism to track down and collect taxes from bets placed outside the country.

Yung online (firm) sa Pilipinas, pero ‘yung betting outside, wala tayong mechanism (The online firm is in the Philippines, but we have no mechanism against the betting coming from outside the country),” Duterte said.

Earlier, Duterte ordered the arrest of Macau gaming tycoon Jack Lam for allegedly trying to bribe government officials to free more than 1,000 illegal Chinese workers arrested in his gaming facility in Pampanga last November.

Lam’s camp has denied the bribery allegations.

Aside from ordering his arrest, the President also ordered last week the seizure of all of Lam’s assets in the Philippines for not paying the correct taxes.

Duterte said while it was true that Lam had paid taxes for all bets received by his gambling enterprise from bettors within the Philippines, no tax had been paid for bets from other countries which were placed online. (PNA)


If you enjoy reading Mindanation, help keep our site up.

Facebook Comments

You may also like

Duterte renews commitment to fight corruption, abuses in gov’t

DOHA, Qatar, April 16, 2017 (PNA) — President