Chinese companies and individuals in the Philippines will be “punish in accordance with Chinese law” for any involvement in illegal gambling
Beijing vowed to crack down on gangs setting up online casinos in the Philippines to lure Chinese players and launder money out of the mainland.
For more than a decade, business process outsourcing (BPO) has been the goose laying the golden eggs for the Philippines.
Gambling is illegal in mainland China, but metropolitan Manila has emerged as a leading offshore centre for companies offering punters proxy betting since Rodrigo Duterte, the Philippines’ pro-China president, took power in 2016.
Leisure and Resorts World (LRWC) is adding between 10 and 15 new arcades in the Philippines while national officials flip-flop on support for gaming.