The roosters stood inches apart, hook-shaped blades strapped to their legs. Cameras surrounded a dirt ring, streaming the fight to thousands of online gamblers huddled over cell phones across the Philippines. READ:
The roosters stood inches apart, hook-shaped blades strapped to their legs. Cameras surrounded a dirt ring, streaming the fight to thousands of online gamblers huddled over cell phones across the Philippines.
Matches are drawing in more monthly revenue than the local ventures of gambling behemoths Melco Resorts & Entertainment Ltd. and Genting Hong Kong Ltd. Investors are taking notes, with countries from Mexico to Papua New Guinea mulling forays into online betting, according to people in the industry. A senior church official from the Catholic Bishops’ Conference of the Philippines called online cockfighting “one of the most disastrous things ever allowed by the government.” Lawmakers are investigating the disappearance of more than two dozen gamblers, prompting some to propose suspending the sport until cases are solved.
“Online cockfighting wouldn’t be this big were it not for the pandemic and the game’s accessibility through mobile phones,” said Claire Alviar, an analyst at Philstocks Financial Inc. in the Philippines. His reputation is checkered. In 2001, Mr. Estrada was ousted from office after evidence surfaced that Mr. Ang had helped him divert P130 million in tobacco taxes. With pressure building, Ang fled to the US, where he was caught gambling in Las Vegas and placed under house arrest. In 2006, he was extradited to the Philippines and later pleaded guilty to a corruption charge.
In the coastal town of Hagonoy, a man stabbed to death his 87-year-old neighbor after he refused to lend him money. At a press conference, Senator Panfilo Lacson recounted the story of a gambler who killed himself after accumulating debt totaling 600,000 pesos.
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