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.

- Advertisement -

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.

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.

- Advertisement -

“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.

“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.

- Advertisement -

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

NCRPO expects bigger turnout on day 2 of Iglesia ni Cristo rally

QUEZON CITY, Philippines — The National Capital Region Police...

Venezuela earthquake death toll nears 1,500 as search for survivors continues

CARACAS, Venezuela — Rescue teams continued searching for survivors...

OPM band HEY JUNE! honors Smokey Mountain with fresh revival

An OPM classic gets a modern rendition from one of the country's rising bands.

PNP no official arrest order for Sen Marcoleta, will act only on court directive

MANILA, Philippines — The Philippine National Police on Monday...

Day 2 of VP Duterte impeachment pre-trial gets underway

MANILA, Philippines — The second day of the pre-trial...

Newsletter

NCRPO expects bigger turnout on day 2 of Iglesia ni Cristo rally

QUEZON CITY, Philippines — The National Capital Region Police Office on Wednesday said it expects a larger turnout for the second day of the...

Venezuela earthquake death toll nears 1,500 as search for survivors continues

CARACAS, Venezuela — Rescue teams continued searching for survivors on Sunday after two powerful earthquakes devastated parts of Venezuela, with the death toll approaching...