Philippines' Online Gambling Industry Faces Ban Threat After 27% Growth
The Philippines' online gambling industry, overseen by PAGCOR, has seen a 27% growth in the first quarter of 2025. However, a potential ban on the sector is being discussed, with a decision expected as early as Monday, June 28. The Catholic Church opposes online gambling, while Maybank recommends tighter control instead of a ban.
The eGames industry's growth indicates financial momentum, but a ban would not eliminate the practice, only push it underground, according to observers. Maybank, a large financial institution, has weighed in, suggesting that a focus on control and oversight would be more effective than a complete ban. The potential impact of a ban is significant, with industry representatives warning of a potential loss of 50,000 jobs and unrealized economic opportunities. The majority of Filipinos do not oppose online gambling, with only 18% supporting a blanket ban. The interest groups involved in the debate are unclear, but typically, such discussions involve casino operators, regulatory bodies, and advocacy groups focused on public health and gambling issues. The negative impact of the eGames sector is considered 'opaque', with insufficient evidence to support claims of significant harm.
President Bongbong Marcos is among those weighing the decision, making a complete ban plausible.
The Philippines' online gambling industry, despite growth, faces an uncertain future with a potential ban looming. The decision, expected by Monday, June 28, could have significant economic and social implications. While the Catholic Church opposes online gambling, the majority of Filipinos do not support a blanket ban. Maybank's recommendation for tighter control and oversight offers an alternative to a complete ban.
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