{"id":10146,"date":"2025-07-16T13:24:57","date_gmt":"2025-07-16T12:24:57","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=10146"},"modified":"2025-07-16T13:25:07","modified_gmt":"2025-07-16T12:25:07","slug":"philippines-to-tighten-gambling-regulations","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/07\/16\/philippines-to-tighten-gambling-regulations\/","title":{"rendered":"Philippines to Tighten Gambling Regulations"},"content":{"rendered":"\n<p>The environment for gambling in the <strong>Philippines<\/strong> could be about to become more hostile as the Central Bank is eyeing tighter restrictions for players in the country. A draft circular set out by the bank is aiming to limit the amount of money players could deposit on gambling websites and see the introduction of a 24-hour cool off period following heavy usage.&nbsp;<\/p>\n\n\n\n<p>The <strong>Bangko Sentral Pilipinas\u2019 (BSP)<\/strong> issued circular places an elevated focus on the payment providers when it comes to ensuring player protection is effective in the country.&nbsp;<\/p>\n\n\n\n<p>When it comes to <strong>Online Gambling Payment Service Limitations<\/strong>, the regulator has underlined that PSPs must facilitate the implementation of the new measures.<\/p>\n\n\n\n<p>BSP said: \u201cIt is imperative to ensure that digital payment services of payment service providers are not misused for activities that are socially harmful and detrimental to financial health.&nbsp;<\/p>\n\n\n\n<p>\u201cThese regulations establish standards and expectations for PSPs in the provision of online gambling payment services as well as set the enhanced know-your-customer measures to uphold applicable legal prohibitions on access to and participation in online gambling.\u201d<\/p>\n\n\n\n<p>There was also an emphasis on the importance of collaboration between the payment sector and operators when it comes to onboarding and player protection.&nbsp;<\/p>\n\n\n\n<p>The circular described the PSPs and OPSs concerned as needing to \u201chave prudent acceptance criteria and procedures for the onboarding and monitoring of online gambling operators\u201d.&nbsp;<\/p>\n\n\n\n<p>\u201cThe said criteria and procedures must incorporate the following: a. PSPs and OPSs concerned shall ensure that they engage or partner with OGO that are licensed\/authorised by or registered with the appropriate government agency duly empowered by law or its charter to license or authorise entities or business to engage in such activities.\u201d<\/p>\n\n\n\n<p>Signposting must also be adequate when it comes to ensuring the players can see where the safer gambling toolbox is available.&nbsp;<\/p>\n\n\n\n<p>Feedback on the circular remains welcome until the 25th July, as the country continues to evolve into a new era for its gaming framework.&nbsp;<\/p>\n\n\n\n<p><strong>PAGCOR<\/strong> recently pushed its support behind stricter regulations in the Philippines but opposed a prohibition on online gaming.<\/p>\n\n\n\n<p>Speaking on <strong>DZMM Teleradyo<\/strong>, the regulator\u2019s Chair and CEO, <strong>Alejandro Tengco<\/strong>, asserted that \u201cregulation is key\u201d to strengthening his country\u2019s gaming market. PAGCOR\u2019s current [stance] is not a total ban, but stricter regulation,\u201d he said.<\/p>\n\n\n\n<p>Tengco endorsed measures proposed by <strong>Sherwin Gatchalian<\/strong>, which include a ban on using e-wallets to fund online betting, a minimum player age of 21, and, to discourage participation by low-income players, a minimum deposit requirement of <strong>PHP10,000 (\u00a3129)<\/strong>.<\/p>\n\n\n\n<p>On July 4, Senator <strong>Juan Miguel Zubiri <\/strong>filed the more aggressive <strong>\u2018Anti-Online Gambling Act of 2025\u2019<\/strong>, a bill that seeks to implement an outright ban on online gambling.<\/p>\n\n\n\n<p>Zubiri described gambling addiction in the Philippines as a growing \u201csilent epidemic\u201d and claimed: \u201cFor as long as gambling is within reach by almost anyone online, this is a social cancer that will continue to fester.\u201d<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The environment for gambling in the Philippines could be about to become more hostile as the Central Bank is eyeing tighter restrictions for players in the country. A draft circular set out by the bank is aiming to limit the amount of money players could deposit on gambling websites and see the introduction of a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1,24],"tags":[8946,13337,11833,13338,1110],"class_list":["post-10146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","category-regulations","tag-alejandro-tengco","tag-bangko-sentral-pilipinas","tag-bsp","tag-juan-miguel-zubiri","tag-philippines"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Philippines to Tighten Gambling Regulations - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"The environment for gambling in the Philippines could be about to become more hostile as the Central Bank is eyeing tighter restrictions for players in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2025\/07\/16\/philippines-to-tighten-gambling-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines to Tighten Gambling Regulations - 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