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Quote from: coin-investor on July 06, 2025, 04:56:19 PM
Do you believe that the Deposit threshold can minimize gambling addiction in the poor sector?!
That’s what our lawmakers believe. Right now, you can deposit as low as 1 dollar in our local casino through our local e-wallet, and because of this, many poor people become addicted to games like Bingo, scatter, and other luck-based games.

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.

Quote
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.

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

No its not. This is not solution to combat addiction since if gambling still exist people are still prone to experience addiction.

If they really want to help people to get away with this situation a total banning of all gambling platform must be implemented. Since this is I think the best solution they could do to fight any possible abuse that might happen.

Also it seems that there's someone still benefiting on that industry in Philippines that's why its hard for them to eliminate these industry in our countryPhilippines.
Original archived Re: Deposit threshold can minimize gambling addiction from poor sector?!
Scraped on 07/07/2025, 12:38:05 UTC
Quote from: coin-investor on July 06, 2025, 04:56:19 PM
Do you believe that the Deposit threshold can minimize gambling addiction in the poor sector?!
That’s what our lawmakers believe. Right now, you can deposit as low as 1 dollar in our local casino through our local e-wallet, and because of this, many poor people become addicted to games like Bingo, scatter, and other luck-based games.

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.

Quote
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.

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

No its not. This is not solution to combat addiction since if gambling still exist people are still prone to experience addiction.

If they really want to help people to get away with this situation a total banning of all gambling platform must be implemented. Since this is I think the best solution they could do to fight any possible abuse that might happen.

Also it seems that there's someone still benefiting on that industry in Philippines that's why its hard for them to eliminate these industry in our country.