Cayetano pushes economic growth over gambling as revenue source

- Advertisement -

Senator Alan Peter Cayetano appealed to the government on Tuesday to focus on growing the economy to boost public funds instead of relying on gambling as a revenue source.

Cayetano made this statement in response to recent proposals in the House of Representatives to revive and legalize e-sabong as an alternative revenue stream following the ban on Philippine Offshore Gaming Operators (POGOs) imposed by President Ferdinand Marcos Jr.

Cayetano emphasized the need to invest in agriculture, promote tourism, and stimulate industrial growth to usher in long-term financial growth.

He argued that, unlike gambling, these sectors would provide long-term financial benefits for the country and positively contribute to the well-being of Filipinos.

- Advertisement -

A long-time critic of all forms of gambling, Cayetano has consistently warned about the negative consequences of online sabong which far outweigh any financial gain it might provide.

He noted that e-sabong’s widespread accessibility increases the risk of addiction, financial ruin, and crime, particularly among the youth.

“Ano ba y’ung tinatanim natin sa next generation? Wala pa akong nakitang bansa na talagang umunlad dahil sa online gaming,” he said at a press conference on July 18, 2024.

Two years ago, Cayetano predicted the possible resurgence of e-sabong operations following their initial ban.

- Advertisement -

“Sa totoo lang, magpapalamig lang ‘yan. Tapos sa Senado naman pupunta para sa franchise, o sa next administration,” he had said at the time.

E-sabong was previously banned under President Rodrigo Duterte’s administration after the disappearance of more than 30 individuals allegedly involved in online cockfighting.

Cayetano said if the people continue to apply pressure against e-sabong and push for more investments and jobs, “God willing po hindi na ito makakabalik,” he said.

- Advertisement -

Latest

Tony Yang, Brother of Ex-Presidential Adviser Michael Yang, Arrested by Immigration and PAOCC

Authorities have arrested Tony Yang, the brother of former...

Construction Worker Falls to Death While Welding in Burgos

LAOAG CITY – A construction worker died after falling...

Brake Failure Causes Jeep to Overturn in Narvacan, 11 Injured

Eleven people were injured in a passenger jeep accident...

AMLC to Probe Alice Guo’s Alleged P23M Downpayment for a Property in Itogon

The Anti-Money Laundering Council (AMLC) will investigate an alleged...

State Universities Call for Restoration of Budget Cuts in 2025

TACLOBAN CITY – Several universities in Eastern Visayas have...

Newsletter

Tropical Depression Gener Intensifies, Set to Make Landfall in Aurora

As of 10:00 AM today, Tropical Depression "Gener" has slightly intensified while moving slowly west southwestward. The center of the tropical depression was located...

Police Use Digital Methods to Locate Harry Roque After Arrest Order

The Philippine National Police (PNP) is considering utilizing digital activity to locate former presidential spokesperson Atty. Harry Roque, according to PNP spokesperson Police Colonel...

MTRCB Releases Age-Appropriate Film Ratings for This Week’s Movie Lineup

The Movie and Television Review and Classification Board (MTRCB) has issued age-appropriate ratings for films scheduled to hit theaters this week. Among these films...