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This in-depth report provides insight into the size, structure and growth of eight land-based gaming markets in the Asia-Pacific region, containing analysis, updated as new information becomes available, of sector themes and key jurisdictional and macro developments including the impact of COVID-19 and the increasing reach and influence of China on the Asia-Pacific sector at large.
Bill No. 1468, which includes designated casinos as covered persons under the Anti-Money Laundering Act (AMLA), was approved on its second reading with amendments on May 24, 2017. The inclusion of casinos is one of the recommendations of the Financial Action Task Force (FATF) to avoid the potential blacklisting of the Philippines.
Senator Chiz Escudero announced on May 25, 2017 that the Senate should pass the amendments to the AMLA before the deadline given by the Asia/Pacific Group on Money Laundering (APG) in September 2016.
Although the Penal Code of the Philippines provides for a general prohibition on gambling, there have been several legislative exceptions to the prohibition, which include the various gambling activities operated by PAGCOR.