Philippines to issue new online gambling permits and will target foreign players

[The Buzz]

After deciding not to renew permits for services used by Filipinos, The Philippines will issue online gaming licenses for operators that target overseas players, according to a report from Reuters yesterday.

Philippine President Rodrigo Duterte, who has already unleashed a crackdown on drugs, is turning his guns on a booming online gaming industry and this month scrapped one firm's monopoly of gambling in licensed online cafes. Instead, the government wants to encourage more casino and betting operators to set up online services that target gamblers overseas.

"We're readying the application forms. It's no longer the Filipinos who are betting but foreigners," Andrea Domingo, head of the Philippine Amusement and Gaming Corp (Pagcor), told reporters after a budget hearing at the House of Representatives.

The permits will be offered on a first-come-first-serve basis and reviewed after six months, Domingo said. She did not give any idea of how much they will cost.

Read more here:http://www.reuters.com/article/phili...-idUSL3N1B43U2

[Miles_FTA]

Lets just hope the president doesn't apply the same rules to Online Gamblers as he does to Drug addicts and Pushers otherwise good luck placing a bet wow . Hectic whats happening there