Bro. Eddie Villanueva warns of money laundering in casinos


Bro. Eddie Villanueva. INQUIRER FILE PHOTO

MANILA, Philippines—Evangelist Eddie Villanueva, the Bangon Pilipinas party’s lone senatorial candidate, on Tuesday warned against the possible inflow of “hot money” into the country following the expected surge of high-end casino operations here.

Villanueva said “while the entry of high-end casinos, like the just-opened Solaire Resort and Casino on Manila Bay, is seen to bring in more tourists and business prospects to the Philippines, it may also mean high risks in terms of money laundering schemes.”

In a statement, he urged the government to “keep a very close watch on possible money laundering activities.”

“We do not want to be known as one of the top money laundering destinations in the world,” he said.

“We cannot be complacent,” he added. “Although casinos are targeting high-stake gamblers, we also have to be realistic in admitting that they can be venues for money laundering activities.”

He noted that “just recently, the Philippines managed to avert being blacklisted by the Financial Action Task Force following the approval of the amendments to the Anti-Money Laundering Act.”

“While the Senate bill included casinos on the list of covered institutions, this was taken out in the final version of the amended law…. Because of the inadequacy of the revised AMLA, Congress will have to spend for another round of amendments, which cost money and time, which are better spent on other priority measures,” he added.

Last Saturday, no less than President Aquino opened the giant $1.2-billion Solaire Resort and Casino, kicking off the country’s high-stakes bid to join the world’s elite gaming destinations of Macau, China, and Las Vegas in the United States.

Solaire, controlled by billionaire Enrique Razon Jr., the country’s third richest man, is only the first of four huge gaming venues set to rise on reclaimed land as part of the state-run Philippine Amusement and Gaming Corp.’s Entertainment City complex that the government hopes will draw millions of foreign visitors.

Get Inquirer updates while on the go, add us on these apps:

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • $23257130

    yan simbahan niyo nga ang ng l launder ng pera. dapat sa inyo buwisan ang mga kontribusyones etc. pppppppppwwweeeehhhh kadiri eeeeeewwwwwwww

    mabuhay ang mga casino, ang tunay na pag asa ng bayan!

  • Kung Tufo Tufo

    Brod Eddie you should stop that nonsense. You never been there without the money of your flock. Then you barking!


    Ung ginastos mo sa elekson Brod Eddie ang explain mo kung galing ba ITo sa colection sa simbahan mo!

  • AL

    What sorrow for those who say that evil is good and good is evil, that
    dark is light and light is dark, that bitter is sweet and sweet is
    bitter. Isa 5:20

  • Cha C. Hernandez

    Commenters, all you gotta do is judge and complain. He’s doing and saying all of this out of concern and compassion for the country. Examine yourselves first because I daresay Bro Eddie’s a far better individual than how you guys conduct yourselves. Salamat na lang.

  • Danyel

    Ang tunay na alagad ng Diyos ay hindi nakikihalo sa pulitika…….ang mga pastor ay sanay rin sa pork barrel iba nga lang ang tawag nila don “ikapu”…Ask Mike Velarde, sa ikapu cya naging bilyonaryo…ang laki ng mga buildings at real estate and to think puro anecdotes lang ang ipini preach nya…..yet ang dami naniniwala na gaganda buhay nila pag sumali sa El Shaddai… ang pang-akit niya..gaganda buhay…ala Cynthia Villar…..

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


editors' picks



latest videos