President Duterte Orders Online Gaming to Stop in the Philippines: what gaming stocks would be affected the most.

President Rodrigo Duterte on Thursday, December 22, ordered the closure of “all online gaming.”

For businesses that is solely doing online gambling this news is like sayings it’s the end of the world.

These are companies like

  • Philweb $Web,
  • DFNN $DFNN: The Company is currently delivering innovative newgame content through a wide array of products, systems, and solutions,
  • Leisure And Resorts World Corporation $LR: Bingo Bonanza

This is all due to P. Duterte saying it’s hard to regulate since its online. This was after Jack Lam bribery to sec of justice.

This 3 stocks might continue to fall because of that announcement.