The Philippine gambling industry, and particularly online gaming, has recently emerged as a major driver of the country’s economy. Annual license fees are now the government’s third-largest income source after taxes and customs duties. The rise of this controversial industry has become a cause of concern for many Filipino citizens and has also drawn the ire of the Chinese government. However, the industry shows little sign of slowing down.
Philippines’ Risky Bet on Gaming Industry
Philippines’ Risky Bet on Gaming Industry
Philippines’ Risky Bet on Gaming Industry
The Philippine gambling industry, and particularly online gaming, has recently emerged as a major driver of the country’s economy. Annual license fees are now the government’s third-largest income source after taxes and customs duties. The rise of this controversial industry has become a cause of concern for many Filipino citizens and has also drawn the ire of the Chinese government. However, the industry shows little sign of slowing down.