Senator Alan Peter Cayetano said the government should focus on promoting tourism, industrial development and agriculture.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Senator Alan Peter Cayetano has urged the government to prioritise economic development rather than relying on gambling as a source of revenue. His appeal came in response to a proposal in the House of Representatives to regulate online cockfighting<\/a>, known as e-sabong, to make up for the revenue lost from\u00a0banning offshore gaming operators<\/a>.<\/p>\n\n\n\n Cayetano recommended investing in agriculture, tourism and industrial growth to achieve sustainable financial development. He argued that these sectors offer long-term benefits and positively impact the well-being of Filipinos while e-sabong has risks of addiction and crime.<\/p>\n\n\n\n During a press conference on July 18, he had expressed his concerns about the impact of gambling on youth. He argued that no country had achieved significant development through online gaming.<\/p>\n","protected":false},"excerpt":{"rendered":" Senator Alan Peter Cayetano said the government should focus on promoting tourism, industrial development and agriculture.<\/p>\n","protected":false},"author":176,"featured_media":777009718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Senator Alan Peter Cayetano advocates for the Philippines to prioritize sustainable economic development through tourism, industrial growth, and agriculture, rather than relying on gambling revenue. This stance counters a proposal to regulate e-sabong to compensate for revenue lost from the ban on offshore gaming operators, citing social risks associated with online gambling. He emphasized that no country has achieved significant development through online gaming.","focusai_entities":"Alan Peter Cayetano, House of Representatives","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"E-sabong Fiscal Impact?","query":"What is the projected fiscal impact of regulating e-sabong compared to the revenue previously generated by POGOs, and how does this align with the government's broader economic development goals?"},{"label":"FDI in iGaming?","query":"How might this legislative push influence foreign direct investment in the Philippine iGaming sector, particularly for B2B suppliers and platform providers, given the stated preference for non-gambling economic drivers?"}],"footnotes":""},"categories":[439,158,16333],"tags":[23911],"class_list":["post-777017982","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"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017982","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=777017982"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017982\/revisions"}],"predecessor-version":[{"id":777017987,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017982\/revisions\/777017987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777009718"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}