So, they are enacting a law that increases the deposit threshold from $1 to $175, making it harder for these individuals to fund their accounts and play.
This law is also the reason why stocks from gambling platforms are taking a big hit and suffering from a plunge, because a big number of their players come from poor and middle-income earners.
The bill proposes raising the minimum age for players to 21, prohibiting the use of popular e-wallets such as GCash and Maya for gambling payments, and enforcing a minimum deposit threshold of PHP10,000 ($175) to reduce participation from financially vulnerable groups.
This is a good suggestion however casino will suffer some losses here if they implement this because the majority of casino players online came from that low bankroll player.
I think having a threshold on the amount we can loss is already enough to control addiction rather than increase the limit of deposits because some people might push to gamble higher funds even though they can’t afford it already just to meet the minimum deposit.
A gambler mind is always determined to gamble regardless of the minimum deposit amount.