Philippines Expands Online Gambling Licensing to Boost Economy

    The Philippines has announced plans to expand its online gambling licensing system, hoping to attract international operators and generate additional revenue for the economy. The government’s push to regulate online casinos and sports betting comes amid rising demand for online gambling, particularly from players in Southeast Asia and China.

    In addition to generating tax revenue, the Philippines is also working to improve its infrastructure to support the growing digital gambling sector. However, there are concerns about the potential social impact, especially as online gambling addiction rates increase. The government has pledged to invest in problem gambling prevention initiatives, including awareness campaigns and treatment programs.

    Despite these efforts, some international critics argue that the Philippines’ gambling regulations still lack strict consumer protections. The government is exploring ways to refine the licensing system to ensure that operators adhere to international best practices.