As it steps up efforts to stop operations that cater to local players, the Philippine Amusement And Gaming Corporation has reportedly revoked 124 online gaming licenses over the past month and intends to deny upcoming renewals for some 626 others.
According to a report from the Philippine Daily Inquirer newspaper, the crackdown follows the recent election of gambling opponent Rodrigo Duterte as the nation’s 16th President and could have already cost the state-run organization up to $212.5 million a year in revenues.
Andrea Domingo, the recently-appointed President and Chief Executive …