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Filipino President Rodrigo Duterte gestures during his inaugural Res publica of the State Cover at click the following page Philippine United States Congress in Quezon city, Subway Manila
Thomson Reuters

MANILA/HONG KONG (Reuters) - Later unleashing a crackdown on drugs, Filipino Chief Executive Rodrigo Duterte is turning his guns on a prospering online gambling industry, short scrapping unmatched firm's 13-twelvemonth Monopoly this workweek and denouncing its billionaire chief as a misdirect oligarch.

Until recently, Filipinos could run a risk in licenced online cafes, as substantially as casinos, just Duterte refused to renew the undivided permit of the manipulator of More than 300 so much cafes, Philweb Corp, subsequently its license expired on Wed.

"With the strong and repeated pronouncement of the president, there is no choice," Andrea Domingo, chief of Pagcor, the res publica governor of casinos and online gambling, told Reuters.

Last week, Duterte, nicknamed 'the Punisher,' singled out Philweb's chairman, Roberto Ongpin, nonpareil of the richest workforce in the southeasterly Asian nation, as an representative of an oligarch who benefited piece the misfortunate suffered.

Annual economic losings from game Philweb's shrink and closure bolt down e-beano outlets would be just about 10 zillion pesos ($214 million), said Pagcor, which is a play operator in gain to its purpose as governor.

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