China and the Philippines have joined forces to tackle illegal gambling, part of Beijing's broader campaign to curb illicit capital outflows and a pledge by Manila to weed out unscrupulous operators f - News Summed Up

China and the Philippines have joined forces to tackle illegal gambling, part of Beijing's broader campaign to curb illicit capital outflows and a pledge by Manila to weed out unscrupulous operators f


(Reuters photo)MANILA/HONG KONG -- China and the Philippines have joined forces to tackle illegal gambling, part of Beijing's broader campaign to curb illicit capital outflows and a pledge by Manila to weed out unscrupulous operators from the country's booming gaming industry. "We have been visited by Chinese police to crack down on these illegal gambling operators. Andrea Domingo, the head of the Philippines gaming regulator, PAGCOR, told Reuters she was not familiar with proxy betting. Chinese law forbids citizens from gambling online and at home. A Macau-based executive whose company operates proxy gambling in the Philippines said there was little concern on the ground in Manila as the practice is licensed by PAGCOR.


Source: Bangkok Post May 08, 2017 04:30 UTC



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