#AMLC

The Philippine anti-money laundering watchdog says it notes recent interest by local lawmakers regarding a 2020 risk-assessment report it compiled on the country's "Internet-based casino sector". The report had mentioned 1031 suspicious transaction reports (STRs) - between 2013 and 2019 - totalling a transaction value estimated at PHP14.01 billion…

Revenue from online operators in the Philippines is expected to drop by half in 2022 while the overall gaming sector is expected to double, according to various reports and comments by Philippine gaming and government officials. While those numbers are almost a juxtaposition of other markets they make sense here as PAGCOR, the country's licensing…