March 19, 2009

Filipino wants ban on online gambling.

Reports are coming from major news paper in Philippines, the Philippine Daily, that lawmakers are proposing to put a ban on internet gambling.

Alliance for Rural Concerns list Representative Narciso Santiago noted in his proposed legislation that there are no existing regulations on Internet gambling.

The law makers are making Philippine citizens not to allow gambling online and ask bank and financial institutions to block gambling transactions. The minister further added that gambling is a type of scam where they cheat people for money and ruin their lives.

This step taken by Filipino may or may not effect gambling industry as Filipino hardly plays a major role in internet gambling growth as the major  amount of income comes from tourism and travels.

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