The cost of gambling is no longer limited to the loss of money<\/strong>, but extends to the loss of value and life.\u201d<\/p>\n\n\n\nHe also noted the criminal activity surrounding e-Sabong earlier this year, and said that \u201cthese situations also show that the social costs of gambling are too high: bankruptcy, family breakdown, criminal activity, etc.\u201d<\/p>\n\n\n\n
If the law is passed, anyone who engages in online gambling could face jail time and a fine of up to PHP500,000 (US$8,700).<\/p>\n\n\n\n
Villanueva is not the only one against POGOs. Last week\u00a0Benjamin Diokno<\/strong>, secretary of finance in The Philippines, suggested that the country should abolish POGOs. Speaking at a briefing by the Senate Development Budget Coordinating Committee on the 2023 state spending plan, he told senators that he saw the industry as a risk.<\/p>\n","protected":false},"excerpt":{"rendered":"The Chinese ambassador to the Philippines said the Chinese government “firmly” opposes gambling.<\/p>\n","protected":false},"author":176,"featured_media":17179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Chinese government is intensifying cooperation with the Philippines to combat crimes linked to Philippine Offshore Gaming Operators (POGOs), reiterating its firm opposition to all forms of gambling by its citizens. Concurrently, the Philippine government is advancing legislative efforts, including Senate Bill 1281, to ban all online gambling, citing significant social and economic risks associated with the sector. This coordinated crackdown signals a substantial shift in the regulatory landscape for iGaming in the region.","focusai_entities":"Chinese government, Philippine government, Huang Xilian, Jesus Crispin Remulla, Joel Villanueva, Benjamin Diokno, Bureau of Immigration, Department of Justice (DOJ), Senate Development Budget Coordinating Committee","focusai_location":"Philippines, China, Taguig City","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.98), operator_casino (0.98), affiliate_publisher (0.9), product_ux (0.75), tech_data (0.7), marketing_crm (0.9), payments_fraud_aml (0.9), investor_analyst (0.98), supplier_vendor (0.95), journalist_researcher (0.95)","focusai_suggestions":[{"label":"POGO Market Exit Impact","query":"What is the estimated economic impact on the Philippine economy, specifically in terms of employment and real estate, if all POGOs are forced to cease operations and exit the market?"},{"label":"Cross-Border Enforcement Efficacy","query":"How will the strengthened cooperation between Chinese and Philippine law enforcement agencies enhance the efficacy of cross-border regulatory compliance and anti-money laundering efforts against illegal online gambling operations?"}],"footnotes":""},"categories":[439,158,16333],"tags":[23911,15789],"class_list":["post-33701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation","tag-pogos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33701"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33701\/revisions"}],"predecessor-version":[{"id":33716,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33701\/revisions\/33716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}