Locsin says Xi Jinping wants Duterte to crack down on online casinos: It’s money laundering
China President Xi Jinping is apparently not amused by the exponential growth of online casinos in the Philippines that cater to Chinese high-rollers.
Foreign Affairs Secretary Teddy Locsin said China has asked the Duterte administration to deal with the online gaming which it believed was being used to clean dirty money from China.
“China wants us to crack down on online gaming. They see it as money laundering,” said Locsin in a tweet.
China wants us to crack down on online gaming. They see it
as moneylaundering. https://t.co/ygdIjb0GDJ
Teddy Locsin Jr. (@teddyboylocsin) May
Gambling is banned in China this is why Chinese gamblers fly to Macau or to Laos, Vietnam, Cambodia, and the Philippines. But the bulk of the Chinese gamblers who want to play at home bet on online casinos operating in the Philippines.
Philippine Amusement and Gaming Corp. has approved 57 Philippine Offshore Gaming Operations since President Rodrigo Duterte took over in 2016. The Department of Finance has initiated a crackdown on the hundreds of thousands of online casino Chinese workers in the Philippines by making punishing those without working permits and penalizing them for failing to pay their taxes.
Whose legal systems resemble those of European countries which formerly administered those regions