Home » Rodrigo Duterte and Xi Jinping will talk about China’s “concerns” about illegal online casinos in the Philippines: DOF
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Rodrigo Duterte and Xi Jinping will talk about China’s “concerns” about illegal online casinos in the Philippines: DOF

The Secretary of Finance, Carlos Dominguez III, is confident that at the end of this month a satisfactory agreement can be reached on China’s concerns about online casinos in the Philippines that host Chinese players, when Filipino President Rodrigo Dutarte meets and his Chinese counterpart Xi Jinping.

Dominguez responded in this way the statement issued recently by the Chinese Embassy in Manila and said he was sure that the Philippine government is “addressing the issues raised” in the statement.

The Chinese embassy statement said that

“any form of Chinese citizens’ gambling, including online gambling, overseas gambling, opening overseas casinos to attract Chinese citizens as customers main, it is illegal. “

The Chinese government said in the press release that online casinos in the Philippines have multiplied and employ Chinese citizens, who have been “recruited and hired illegally.

Following this statement, Philippine Amusement and Gaming Corp. (Pagcor), the gaming corporation owned by the Philippine government, announced the Pogo centers that employ Chinese online casino workers, while sending a note to the embassy from China explaining what those centers are.

Pagcor announced the granting of gaming licenses for a period of five years to the pogos that will operate in these centers where an administrative headquarters of Pagcor will be housed, together with the Internal Revenue Office (BIR) and the Immigration Office (BI).
Oriental Game, one of the most important online casino operators in the country, was building two massive Pogo centers in Clark and Cavite, whose investment exceeds P8 billion, intended to serve as a single spillway for foreign workers to obtain authorizations of the Philippine government.

The Department of Finance (DOF) reported that the government will continue to collect personal income tax, which applies to foreign workers of Chinese origin mostly in the Pogo sector. It will also issue tax identification numbers (TIN) to, many of these workers who are not registered.

“The Department of Finance (DOF) and the BIR focus on enforcing the Fiscal Code by requiring all foreigners with Philippine sources of income to register and fully comply with their tax obligations,” Dominguez said.

Sources: https://europeangaming.eu/portal/latest-news/2019/08/13/52400/dof-rodrigo-duterte-and-xi-jinping-to-discuss-chinas-worries-on-illegal-online-casinos-in-the-philippines/

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Santiago Contreras

Santiago Contreras

I am a professional journalist dedicated to tracking news related to the stock market, business, finance, blockchain and economics. It is a hobby that I share with sports in general, with special attention to tennis, basketball and soccer. I like to offer our readers relevant, entertaining and useful content to help them inform themselves and make decisions every day. Thanks for reading me!

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