Philippine gambling industry shock! Tightened regulation in the Philippines triggers a stock market sell-off, with DigiPlus plummeting 40% during trading.

The Philippine online gambling industry has recently taken a hit. As Senator Zhang Qiaowei proposed a bill to strengthen regulation, market confidence was undermined, and several gambling concept stocks plummeted. The gaming giant DigiPlus (PLUS) saw its stock price plummet by 40% during the session

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DigiPlus and Bayad have partnered to provide over 800 physical payment points nationwide for gambling players.

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