In a bold and unprecedented move, Philippine President Rodrigo Duterte has ordered the shutdown of the Chinese-run online gambling industry in the country, which employs thousands of people and generates billions of dollars in revenue.
The online gambling industry in the Philippines, which is largely dominated by Chinese companies, has been a source of controversy and scrutiny for years. Critics have accused the industry of fueling criminal activities, money laundering, and corruption, while supporters argue that it provides much-needed jobs and boosts the country’s economy.
President Duterte, known for his tough stance on crime and corruption, has long been critical of the online gambling industry. In a recent statement, he cited concerns about the industry’s negative impact on Filipino society and its links to criminal activities.
“We cannot allow our citizens to be exploited by these foreign-run online gambling operations,” President Duterte said. “They are not only draining our resources, but they are also contributing to the rise of criminality in our country.”
The shutdown of the online gambling industry is expected to have a significant impact on the Philippine economy. According to government estimates, the industry employs over 100,000 people, many of whom are Chinese nationals working illegally in the country. The industry is also a major source of revenue for the government, with operators paying hefty licensing fees and taxes.
Despite the economic repercussions, President Duterte remains resolute in his decision to shut down the industry. The government has already started cracking down on online gambling operations, raiding several establishments and arresting dozens of individuals involved in the industry.
The Chinese government has expressed its concern over President Duterte’s decision, calling it a “shortsighted and reckless move.” However, the Philippine government has defended its decision, stating that the move is necessary to protect the country’s interests and crack down on illegal activities.
As the shutdown of the online gambling industry unfolds, thousands of employees are left uncertain about their futures. Many fear losing their jobs and livelihoods, while others worry about their legal status in the country.
Overall, President Duterte’s decision to shut down the Chinese-run online gambling industry in the Philippines has sparked both praise and criticism. While some applaud his efforts to combat illegal activities and protect Filipino interests, others worry about the economic repercussions and the fate of the industry’s employees. Only time will tell the full extent of the impact of this controversial decision.
