The Philippine government is currently considering significant regulatory changes for its online gambling sector, including increasing license fees and implementing stricter oversight measures. Finance Secretary Ralph Recto has proposed raising the license fee on online gambling operators to as high as 40%, signaling a shift in the government’s approach to managing the sector. Proposal for Increased Licensing Fees At a Post-State of the Nation Address (SONA) event in San Juan City, Recto floated the possibility of hiking the current 25% licensing fee to between 30% and 40%. This proposal, which is still under discussion, is part of a broader regulatory review, especially as online gambling continues to expand rapidly in the Philippines. Recto acknowledged that if the fees were set too high, there could be unintended consequences, such as driving operators toward illegal activities. To address this, the Department of Finance (DOF) is working with the Philippine Amusement and Gaming…Â Read More
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Source: Casino News Daily
