Marcos capped his third SONA by ordering a halt to the operation of POGOS by the end of the year, citing the need to end their "grave abuse and disrespect to our system of laws."
According to the President, the gaming entities have ventured into "illicit areas furthest from gaming" such as financial scamming, money laundering, prostitution, human trafficking, kidnapping, brutal torture, even murder.
"Internet gaming licensees are included in the ban," Presidential Communications Office Secretary Cheloy Garafil told The STAR in a text message yesterday.
After Marcos' SONA, House ways and means committee chairman and Albay 2nd district Rep. Joey Salceda expressed hope that the administration would find a way to ban POGOS without affecting IGLS.
In an interview with Radyo DZBB yesterday, Philippine Amusement and Gaming Corp. (PAGCOR) chairman and CEO Alejandro Tengco decried the potential loss of billions of peso in revenue from POGOS but said he would comply with the President's directive.
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Travellers cooking up new concept with Gordon Ramsay
Travellers International Hotel Group Inc., the leisure and tourism arm of Andrew Tan's Alliance Global Group Inc. (AGI), could be cooking up something new with internationally renowned and multi Michelin-starred chef Gordon Ramsay.
Tiu refiles civil case vs Greenergy, MIS
The camp of businessman Antonio Tiu has refiled a civil case against listed Greenergy Holdings Inc.and MIS Maritime Corp. following an earlier court dismissal.
BSP profit soars to P85.5 B in H1
The Bangko Sentral ng Pilipinas (BSP) more than tripled its earnings to P85.5 billion in the first half, from P19.86 billion in the same period last year, mainly driven by higher revenues and lower spending.
Teach the brat respect
Once in a while, some members of Congress manage to remember their obligation to the nation.
AYALA LAND'S 36-YEAR LEGACY OF TRANSFORMING PHILIPPINE REAL ESTATE
For more than three decades, Ayala Land, Inc. (ALI) has been an integral part of the lives of generations of Filipinos. As a trailblazer in the property industry, the company has continuously created vibrant communities that have become home to families, businesses, and individuals.
It's too late
“And it’s too late, baby, now it’s too late. Though we really did try to make it. Something inside has died. And I can’t hide, and I just can’t fake it.”
Semirara sees better earnings in H2
Consunji-led Semirara Mining and Power Corp.(SMPC) is poised for a financial uplift in the second half of the year amid stable coal prices and a revitalized energy business.
AGI investing $300 M for new Boracay resort
Alliance Global Group Inc.(AGI) of tycoon Andrew Tan intends to pour in about $300 million for the development of another integrated resort development in the Visayas.
What to expect under a new NAIA
They say a journey of a thousand miles begins with a single step.What is this single step then when the task is to rehabilitate a 76-year-old airport known to many as one of the world's worst gateways?
Foreign debt jumps to $130.2 B in June
The country's external debt hit another all-time high of $130.18 billion as of end-June, inching up by 1.2 percent from $128.69 billion in end-March as both the national government and the private sector borrowed more from offshore creditors.
