Duterte changes mind, wants ‘all online gambling’ shut down

Four months after easing up on his planned crackdown on the online gambling industry, Philippines’ firebrand president Rodrigo Duterte has another change of heart.

In a speech after signing the 2017 national budget on Thursday, Duterte announced that he is “ordering the closure of all online gambling [firms]… All of them. They have no use.”

The president did not elaborate, but Justice Secretary Vitaliano Aguirre II told Inquirer.net that “the closure order was meant for all online gambling firms.”eGames operator PhilWeb immediately saw its share price drop 30.25 percent to PHP8.30 (USD0.17) following Duterte’s announcement.

Duterte voiced opposition to the domestic ‘online’ industry shortly after taking office in June, which led to PhilWeb shutting down its 286 Games cafes. At the time, Philippine Amusement and Gaming Corporation (PAGCOR) CEO Domingo said the “strong and repeated pronouncement of the president” had left the state regulator with “no choice” but to scrap PhilWeb’s license, despite the resulting thousands of redundancies and the tens of millions of dollars in eGames revenue that the state-run PAGCOR will have to forego.