Under Rodrigo Duterte’s administration, Chinese capital has increasingly flowed into the Philippines. Much of this new investment has been in online gambling firms—a peculiar type of capital that is not involved in the Belt and Road Initiative (BRI) and is even criminalised by the Chinese state. Drawing from field research in Metro Manila, this essay interrogates the anti-Chinese sentiments among Filipinos that have been stoked by online gambling firms. In examining the broader social reverberations of Chinese capital on Philippine society, it argues that Chinese online gambling capital generates specific forms of economic and social exclusions.