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 that it would immediately cease [...]
