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