Senator Juan Miguel "Migz" Zubiri has said that as part of the curbing the country 's online gambling problem, the government must also place tighter regulations on predatory Online Lending Applications (OLAs). Zubiri said this during the Development Budget Coordination Committee briefing on...
Senator Erwin Tulfo has urged the Philippine Amusement and Gaming Corporation (PAGCOR), Ad Standards Council (ASC), and the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) to immediately review advertisements related to online gambling. Tulfo, who chairs the Senate Committee on Games and Amusement,...
The future of business isn’t just about selling a product—it’s about selling an experience. This is the core belief of Steven Tan, president of SM Supermalls, and it’s a philosophy that has guided the company‘s evolution. During a recent media meeting, Steven argued that the most...
While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
Senator Alan Peter Cayetano welcomed reports online gambling transactions plunged by half after the Bangko Sentral ng Pilipinas (BSP) ordered e-wallet providers to take down gambling site links. Cayetano lauded the development days after senators grilled central bank officials during a Senate blue...
“As a policy, we don’t touch online gambling. It’s a prohibited category for us!” This was the clear-cut response from my former colleague in the banking and finance beat, Jay Tirona, now the chief executive officer of NTT DATA Payment Services Philippines. He said this at the launch of...
Globe Telecom Inc. is confident that the recent moves by regulators to lessen the involvement of e-wallets in online gaming will not affect the growth trajectory of its GCash business, which has a diversified revenue stream. In an interview on Monday, Aug. 18, Globe Telecom President and Chief...
The newly formed alliance of online gaming operators is warning that the recent move by the central bank to cut off easy access to gambling sites via e-wallets could backfire by pushing players into the unregulated black market. The PlaySafe Alliance of the Philippines, comprising 18 online gaming...
While Senator Erwin Tulfo commended the e-wallet firms for complying with the Bangko Sentral ng Pilipinas’ (BSP) 48-hour deadline since August 14 to remove the links of online gambling sites from their mobile applications, he emphasized that the fight against its accessibility is far from over. ...
BACOLOD CITY – A 30-year-old woman was recently arrested in Barangay Cabug here for embezzling around P900,000 from her former employer for online “sabong” or cockfighting. Police Capt. Glenn Montaño, head of Police Station 10, said the suspect worked in a virtual marketing company here for...
Senator Camille Villar has called for a thorough review of the regulations governing online gambling, citing its harmful effects on minors, low-income individuals, and the broader community. In a statement issued Thursday, Aug. 14, Villar emphasized the need to strengthen the regulatory framework...
E-wallets GCash and Maya will promptly remove all links redirecting users to online gambling sites in compliance with the Bangko Sentral ng Pilipinas’ (BSP) order to remove such links. In a statement late Thursday, Aug. 14, GCash said it would fully comply with the BSP’s directive that...
