Connect with us

Latest News

Philippines to Study the Economic Impact of Online Gambling Ban

Published

on

Philippines to Study the Economic Impact of Online Gambling BanReading Time: 1 minute

 

The Philippines’ anti-money laundering body is going to study the economic impact of halting online gambling.

Benjamin Diokno, the governor of Bangko Sentral ng Pilipinas (BSP), has ordered the agency and the central bank’s financial stability team to “put some sense to this online gambling.”

“What if all of a sudden they decide to pack up and leave? What will be the impact of that on the property sector, also the food industry, the restaurants? This is part of my job as BSP governor,” Diokno said.

Philippine offshore gambling operators (POGOs), are a boon for the local economy, drawing many visitors from China who work in them, fuelling property demand and retail spending. The POGOs, which bar Filipinos from playing, contribute to national coffers through license fees. Officially, there are 60 POGOs, but critics say that hugely understates the number.

China has urged the Philippines to ban online gaming to support its crackdown on cross-border gambling, which it said foreign criminals had used to embezzle and launder funds as well as illegally recruit workers.

When Diokno was asked if he thinks online gambling firms were being used as money laundering conduits, he replied “not necessarily.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Philippines to Study the Economic Impact of Online Gambling Ban

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Stretch Network Launches CRAZY?! Mystery Bounty Freeroll

Published

on

Reading Time: < 1 minute

 

Stretch Network has announced the launch of the CRAZY?! Mystery Bounty Freeroll, one of the largest tournaments on its B2B online poker platform, set to take place on November 12, 2025.

Returning with the popular Mystery Bounty format, this event features a €10,000 guaranteed prize pool, with 50% allocated to Mystery Bounty rewards. Designed to drive player engagement and activity, it’s a high-visibility tournament that poker operators won’t want to miss.

Tournament Details:

Date: November 12, 2025

Start time: 17:00 (UTC+0)

Prize pool: €10,000 GTD (50% Mystery Bounty)

Buy-in: €0

Max players: 3000

Registration: Opens 24 hours before the start

Format: Mystery Bounty Freezout (no rebuys/re-entries)

Table: 6-max

Seats are limited – only 3000 players can register.

The post Stretch Network Launches CRAZY?! Mystery Bounty Freeroll appeared first on European Gaming Industry News.

Continue Reading

Latest News

Blask reaches 100 market milestone with new additions

Published

on

Reading Time: < 1 minute

Blask, the market intelligence ecosystem for iGaming, has crossed the 100-country threshold with the addition of new Asian, Africa and European markets to its platform.

Blask now provides AI-driven, real-time analytics on more than half of the world’s nations, with an in-depth overview of the operator landscape provided in 107 countries, and game analytics in 17.

The latest markets added include Turkey, Saudi Arabia, the United Arab Emirates, Ukraine, Qatar, Kuwait, Moldova, Tunisia, Zimbabwe, Jordan, Madagascar, Chad, Somalia, Niger, South Sudan and Mauritania.

Max Tesla, CEO and co-founder of Blask, said: “When we launched Blask last year, we made a commitment to bring in-depth, real-time iGaming market intelligence to the whole world. We’re now more than half-way towards completing this mission. Every new market we add brings more clarity to an industry that has operated in the dark for far too long.”

Blask shines a light on the performance of brands and entire markets where data-led intelligence has previously been lacking.

This latest update shows that as the United Arab Emirates prepares to roll out a new regulatory framework for online gaming, more than 155 brands are already active in the country. The Blask Index, a measure of engagement and interest across all brands in the UAE, is up 36.14% year-on-year.

Meanwhile, the once thriving  Ukraine iGaming market has seen a 49.11% YoY decline, with just 86 now active.

The post Blask reaches 100 market milestone with new additions appeared first on European Gaming Industry News.

Continue Reading

Latest News

Betsson Group Shortlisted at the Global Regulatory Awards 2025

Published

on

Reading Time: < 1 minute

Betsson Group has been shortlisted for “Legal Team of the Year” at the upcoming Global Regulatory Awards 2025 (GRAs), while its General Counsel, Corinne Valletta, has been nominated for “Chief Compliance Officer of the Year.”

Organised by Vixio Regulatory Intelligence, the Global Regulatory Awards celebrate excellence across the compliance and responsible gambling sectors, recognising individuals and teams who continuously raise industry standards and champion best practices.

These accolades testify to Betsson’s commitment to raising standards in compliance to ensure a safe and stable business.

The post Betsson Group Shortlisted at the Global Regulatory Awards 2025 appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.