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Gatchalian files bill to ban online gambling and revoke Philippine PIGO permits

Regulation

Senator Win Gatchalian filed a bill in the Philippines to outlaw online gambling and rescind Philippines Internet Gaming Operator permits. Bloomberry and DigiPlus shares fell during Thursday trading after the filing, with DigiPlus down 30% and Bloomberry down as much as 12%.

The bill could remove the permits held by Bloomberry and DigiPlus for domestic online gambling.

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Regulation

Philippine senator proposes ₱10,000 minimum online gambling cash-in

Senator Win Gatchalian filed a bill in the Philippines proposing tighter controls on online gambling, including a ₱10,000 minimum cash-in requirement, restrictions on sponsorships and rehabilitation funding from regulatory fees. The Akbayan party said it would file a related House bill, while DigiPlus Interactive shares fell nearly 14% on 3 July, according to the report.

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