Robert Besser
30 Sep 2022, 12:56 GMT+10
MANILA, Philippines: The justice ministry in Manila said it will close 175 Chinese-owned "Philippine offshore gambling operators" and deport some 40,000 Chinese workers, as part of a crackdown on the online gaming industry.
As operators capitalized on the Philippine's liberal gaming laws to target customers in China, where gambling is banned, the online industry emerged in the Philippines in 2016 and grew rapidly.
Before the COVID-19 pandemic and higher taxes forced many to operate elsewhere, Philippine offshore gambling operators employed more than 300,000 Chinese workers at their peak.
"The crackdown was triggered by reports of murder, kidnapping and other crimes committed by Chinese nationals against fellow Chinese nationals," said Justice ministry spokesperson Jose Dominic Clavano, as reported by Reuters.
Clavano added that the offshore gambling operators targeted for closure had soon-to-expire or expired operating licenses.
According to the finance ministry, the offshore gambling operators generated $122.21 million in fees alone, and larger amounts are being spent on taxes, workers' spending and office rentals.
In a statement, the Chinese embassy in Manila said Beijing supports the crackdown on offshore gambling operators-related crimes.
Get a daily dose of Brazil Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Brazil Sun.
More InformationDUBAI - Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part ...
(Photo credit: Jerome Miron-USA TODAY Sports) Miami and China will make their debuts as hosts for Sprint races during the ...
DUBAI - Countries at the COP28 climate conference are considering calling for a formal phase-out of fossil fuels as part ...
Bengaluru (Karnataka) [India], December 5 (ANI): The IT city of Bengaluru is all set to host the Men's Volleyball Club ...
The president would welcome his Russian counterpart at the summit, but warns of risks associated with an ICC arrest warrantRussian ...
Kolkata (West Bengal) [India], December 5 (ANI): One of India's biggest running festivals and the World Athletics Elite Label Road ...
NEW YORK, New York - U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day ...
DEARBORN, Michigan: This week, Ford said a six-week United Auto Workers (UAW) strike cut its sales by some 100,000 vehicles ...
WASHINGTON D.C.: This week, the Biden administration adopted a new rule aimed at reducing methane emissions, which targets the role ...
AUSTIN, Texas: During an event held this week in Austin, Texas, Tesla CEO Elon Musk said the electric vehicle (EV) ...
NEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...
REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...