5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

DigiPlus seeks dialogue on proposed online gambling ban

by
July 23, 2025
in Stock
0
DigiPlus seeks dialogue on proposed online gambling ban
BW FILE PHOTO

LISTED digital entertainment provider DigiPlus Interactive Corp. is appealing for dialogue with lawmakers amid proposed restrictions on online gambling, warning that a total ban could affect the livelihood of those in the industry.

“If there are new standards to meet, or better ways to protect players, we will act swiftly and responsibly; but please, do not condemn an industry, and the 50,000 Filipino families who rely on it, without hearing the facts first,” DigiPlus Chairman Eusebio H. Tanco said in an e-mailed statement on Wednesday.

DigiPlus called for a fact-based dialogue “grounded not in fear or stigma but in the shared goal of building a stronger, safer, and more accountable gaming industry.”

The company operates the platforms BingoPlus, ArenaPlus, and GameZone.

“We are appealing to the government: Let us approach this rationally. If we study the issue with clear eyes, we will see that the social ills being blamed on online gaming stem from the illegal market. That is where underage gambling happens. That is where financial abuse thrives. Target that, and the harm disappears,” DigiPlus said.

According to DigiPlus, a total ban puts at risk over 3,000 direct DigiPlus employees and an estimated 50,000 jobs across the online gaming industry.

It also said that a ban would only push players toward unregulated sites.

“In every city, in every province, our people are asking: are we no longer welcome, even when we’ve done everything right?” Mr. Tanco said.

Mr. Tanco said DigiPlus is open to evolving and improving its platforms wherever needed.

“Tell us what more we must do, and we will do it without hesitation. Just grant us the fairness owed to any lawful Filipino enterprise,” he said.

DigiPlus noted that the current atmosphere surrounding online gambling “feels less like regulation and more like retribution.”

“We stand licensed, audited, and transparent, yet we are made to answer for the crimes of illegal operators who respect neither law nor livelihood,” Mr. Tanco said.

DigiPlus said it is concerned that law-abiding operators are being swept into suspicion aimed at catching illegal operators.

Since November last year, the company has been implementing many of the measures now being debated in Congress, such as rigorous know-your-customer checks, mandatory age verification, self-exclusion tools, and responsible-gaming prompts.

The company added that it has consistently aligned its operations with regulatory expectations from the Philippine Amusement and Gaming Corp. (PAGCOR) and other relevant government agencies.

“Every peso flowing through its platforms is taxed, audited, and remitted to PAGCOR and the Bureau of Internal Revenue, funding healthcare, infrastructure, and disaster relief,” DigiPlus said.

“We are not asking for special treatment. We are simply asking to be judged by our actions, not by perception, nor by association with those who break the law. Regulation works best when it uplifts what is working, not when it dismantles it,” it added.

The country’s online gambling industry has come under heightened scrutiny, with lawmakers calling for either its regulation or a total ban amid concerns over rising addiction and financial harm.

The Bangko Sentral ng Pilipinas recently released a draft circular to regulate online gambling payments and address the misuse of financial services.

Separately, the Department of Finance has proposed a tax on online gaming as well as cash-in limits.

DigiPlus shares rose by 22.6% or P4.47 to P24.25 each on Wednesday. — Revin Mikhael D. Ochave

Previous Post

Cloud-first policy seen driving demand for collaboration tools

Next Post

Different words, same language

Next Post
Different words, same language

Different words, same language

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Wilcon Depot and San Carlos City: A win-win collaboration

    Wilcon Depot and San Carlos City: A win-win collaboration

    July 25, 2025
    Marcos launches revamped outpatient program with more medicines, screenings

    Marcos launches revamped outpatient program with more medicines, screenings

    July 25, 2025
    Fields of fortune: Why farmland remains a tax-efficient safe haven — for now

    Fields of fortune: Why farmland remains a tax-efficient safe haven — for now

    July 25, 2025
    SONA 2025: What to expect from the President’s address

    SONA 2025: What to expect from the President’s address

    July 25, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.