Rody Duterte President

Philippines President Rodrigo Duterte has reversed his previous opposition to gambling, stating that it should now be encouraged in the country to help repair some of the financial damage dealt by the COVID pandemic.

According to Mr Duterte, his country’s efforts to contain the COVID pandemic has depleted its cash reserves,

“Go ahead and gamble”, he said. “Now that we need money, the most sensible thing is really just to encourage those activities”.

“Though it may sound not really repulsive, but maybe repugnant to some [sic], you have to deal with it because we need money for the country”, he insisted.

The statement comes as a rather stark reversal in President Duterte’s philosophy, especially considering he previously issued an Executive Order cancelling the casino licenses of all operators on the island, scuppering a proposed $500 million (€421 million) casino development in the country by Macau’s Galaxy Entertainment Group.

On the other hand, the Philippine Offshore Gaming Operators industry has, under his premiership, allowed online casino operators get licenses to provide online gambling services to locals.

Addressing accusations that he has allowed gambling, he said: “Correct, that is true. I do not deny it. Now I would like to bring you mind a few years back in time. When I was newly installed as President, I said, ‘I am against gambling’ and I never allowed it”.

However, he pointed out, “when it comes to the pandemic, we’re running out of money. We used up all our reserved funds to contain the virus from rampaging all throughout the country”.

Featured Image:

Rodrigo Duterte. Image: Rody Duterte/ Facebook

Continue Reading

Pjazza 1902: New hotspot blends community engagement and B2B offerings

23 July 2024
by Rebecca Anastasi

The entertainment hub, which has recently opened in Pembroke after a lengthy period of meticulous restoration, serves up a gamut of dining, fitness, business and leisure opportunities

Gavin Isaacs steps down as Games Global chairman to take on new role as Entain CEO

22 July 2024
by iGamingCapital.mt

His appointment comes into effect from September 2024, and will see him remain on the board of Games Global as an independent non-executive director

Third-largest cryptocurrency exchange OKX selects Malta as its MiCA hub

18 July 2024
by Helena Grech

Under the MiCA framework, OKX plans to offer spot trading (including EUR and USDC pairs) in addition to buy, sell, convert and staking services to qualified EU residents through Okcoin Europe Ltd

GO’s Enterprise Solutions geared to deliver end-to-end business technology

15 July 2024
by Rebecca Anastasi

The telecoms firm prioritises holistic and scalable solutions for its corporate clients, says Arthur Azzopardi, Chief Officer at GO Business.

See more