Philippine finance secretary opposes online gambling ban and backs tighter regulation
Philippine Finance Secretary Ralph Recto said the Department of Finance opposes a total ban on online gambling, which remains legal for domestic players. The department’s cost-benefit analysis found the sector could benefit the economy if tighter rules contain its risks; lawmakers are preparing a report that may recommend stricter rules or a ban before year-end.
The position informs operators and regulators as lawmakers consider whether to tighten rules or prohibit online gambling.