December 22, 2016 / 7:16 AM / in 7 months

Philippine president says he will stop all online gambling

1 Min Read

Philippine President Rodrigo Duterte gestures as he delivers a speech during an awarding ceremony for outstanding Filipinos and organizations overseas, at the Malacanang Palace in Manila, Philippines December 19, 2016.Ezra Acayan

MANILA (Reuters) - Philippine President Rodrigo Duterte announced on Thursday he would halt all online gambling in his country.

Duterte made the comment while announcing a 2017 budget that focused heavily on populist measures. He gave no timeframe for such a ban or details on its scope.

The firebrand former mayor has been a worry for the country's booming online gambling industry and in August scrapped one firm's 13-year monopoly of gambling in licensed online cafes.

The Philippine gambling industry is one of Asia's most freewheeling, attracting many online foreign companies over the last decade to set up servers aimed at overseas punters, and has lured investments of billions of dollars in casino resorts.

(This story has been refiled to correct headline)

Reporting by Martin Petty and Karen Lema; Editing by Nick Macfie

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