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Philippines suspends online gaming licensing as president orders clampdown

4th July 2016 8:19 am GMT
Philippines Flag

A presidential statement calling for a clampdown on online gambling in the Philippines has led to a suspension of licensing and caused a major slump in the share value of local gaming companies.

It follows a speech last week by newly elected president Rodrigo Duterte, shortly after his inauguration, in which he vowed to stamp out online gambling in the country.

In response, the state-controlled Philippine Amusement and Gaming Corp. (Pagcor) said [...]

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