The regulator in Philippines has allowed the integrated resorts having casinos to offer gambling services online to locals of Philippines.
The government has taken this step to tackle the revenue loss arisen due to COVID pandemic.
Philippine Amusement and Gaming Corp Chairman Andrea Domingo said: “Online gambling, which will be exclusively for Filipino high rollers, may begin as early as this month.”
He added, “It would be good to collect revenues and stop illegal gambling because there’s a lot of illegal gambling on social media.”
According to report by Nasdaq, Manila based integrated resorts such as Okada Manila, City of Dreams of Hong Kong’s Melco Resorts & Entertainment MPEy.F and Bloomberry Resorts Corp BLOOM.PS have applied for getting approval of the regulator and requisite license to start online betting operations.