This article is from the WeChat public account: Moton Ventures (ID: MomentumWorks) < span class = "text-remarks">, picture from: IC photo
The Philippines has also recently had problems after Cambodia ’s massive online cleanup last August. Br
The Philippines currently issues a total of 60 offshore gaming licenses, each of which can be used for 5 sublicenses. There are currently more than 200 legal operators. Of course, judging by the way that Chinese people like to lease licenses, in fact, no one can get accurate statistics on how many are actually operating.
A real estate agency estimates that there are more than 470,000 people engaged in online gambling throughout the Philippines, far exceeding the government’s estimate of more than 100,000. Many of them are Chinese. And many operators mainly face the Chinese market.
The Philippine Senate and the House of Representatives have held multiple hearings, and the participating lawmakers have had heated debates over whether online bookmakers should be allowed to continue operating in the country.
Many offshore gaming operators do not comply with Filipino tax requirements. Some lawmakers have stated that the only reason allows online gambling is taxes. If this is not the case, the online bookmaker should be called out.
Last year, the Philippine government levied a total of 6.4 billion pesos in online gaming tax on (about 880 million yuan) . Although it has increased by 170% over the previous year, it is generally believed that most of the gaming activities are not taxed because they are geared to the Chinese market and do not pass through the local circulation of the Philippines.
The Philippine government is a headache for the Philippine government because of boss abuse, employee immigration officials accepting bribes, prostitution, and a host of other crimes. Many parliamentarians and members of the public have expressed their opinions