The Philippine government is considering a proposal that would require all igaming operators to list on the Philippine Stock Exchange as part of broader efforts to increase transparency in the sector.
“It might even be good if all the licenses issued by [Philippine Amusement and Gaming Corp.] to online gaming, maybe, should also be required to list in the stock exchange,” Finance Secretary Ralph Recto told Inquirer.net. “That’s another thing that we’re looking at.”
Recto said regulators are considering mandatory public listing to help identify beneficial owners and improve oversight. Public companies in the Philippines are required to disclose material information about their finances, ownership, and operations to protect investors.
