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  1. 23 July 2024, 12:28 pm #1
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    Default Philippines' Marcos orders closure of offshore gaming industry

    On Monday, President Ferdinand Marcos Jr. prohibited gambling operations in the Philippines that target overseas gamblers, including those from mainland China, due to criminal activities associated with the industry. He directed the gaming regulator to phase out and halt these offshore gaming operations by the end of the year.

    From Bangkok Post:

    "The grave abuse and disrespect to our system of laws must stop," Marcos said.

    The firms had ventured into illegal activities such as financial scamming, money laundering, prostitution, human trafficking, kidnapping, torture and even murder, the President said in his State of the Nation address.

    Philippine offshore gambling operators, or POGOs, emerged in 2016, with companies setting up shop in the Southeast Asian nation and targeting overseas markets, including China where gambling is banned.
    Read more here: https://www.bangkokpost.com/world/28...aming-industry

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