Casinos get a pass in laundering law
Casinos were given a free pass as Congress Wednesday passed a tougher law against money-laundering but protected the government’s bid to chase mega-dollars in Asia’s gaming boom.
Casinos were given a free pass as Congress Wednesday passed a tougher law against money-laundering but protected the government’s bid to chase mega-dollars in Asia’s gaming boom.
U.S. billionaire Sheldon Adelson’s flagship Macau casino is suing two mainland Chinese high-rollers over gambling debts worth millions.
The license issued to Universal Entertainment Corp. of Japanese billionaire Kazuo Okada to operate a casino on reclaimed land on Manila Bay would be canceled if found to have been obtained through bribery, Malacañang said Monday.
THE security officer who surrendered nearly a month after he stole P2.8 million from a casino vault of the Philippine Amusement and Gaming Corp. (Pagcor) in Mandaue City insisted he was alone in committing the theft.
An internal security officer of the Philippine Amusement and Gaming Corp. in Cebu City who took P2.8 million from the Casino Filipino in Mandaue City last month has surrendered to the police in the town of Panay in Capiz, police said Friday.
Police will conduct a nationwide manhunt for Pascual Urian Jr., the casino security officer accused of running off with P2.8 million cash from the vault of Pagcor Casino Mandaue City branch.
THE management of the Pagcor casino in Mandaue City plans to offer a cash reward to anyone who can give information leading to the arrest of the security officer accused of running off with P2.8 million of the casino’s money, said Renato Osmeña Jr., branch manager.
POLICE said the theft at the Philippine Amusement and Gaming Corporation (Pagcor) Casino Filipino Mandaue branch was a result of laxity in the security measures.
ASIDE from mounting debts, the Philippine Gaming Corp. (Pagcor) security officer spotted running away with P2.8 million in cash from a casino’s security vault was a frequent player of online casino games.
Money bills of P500 and P1,000 were thrown in the air by a casino security officer who fled on foot with P2.8 million stolen from the casino’s vault in Mandaue City.
An ‘isolated’ case and an ‘ongoing practice’ were how the Philippine Amusement and Gaming Corporation (Pagcor) explained its procurement of more than P8-million worth of bottled mineral water last year without public bidding.
The Commission on Audit has called the attention of the Philippine Gaming and Amusement Corporation (Pagcor) for “shopping” bottled mineral water worth more than P8 million last year without public bidding.
A legislator from Cebu added his voice to the chorus of support for what could be the country’s biggest entertainment and casino project under the Philippine Amusement and Gaming Corp. (Pagcor).
