China Targets Philippines in Crackdown on Offshore Gambling
- Huge amount of funds flowing illegally out of China: statement
- Chinese demand has fueled online, proxy gaming in SEA region
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China is stepping up a crackdown on gambling activity by its citizens offshore, threatening what has become a lucrative industry for gaming operators in places like the Philippines.
China’s embassy in Manila put out a strongly worded statement Thursday, saying that its citizens are being targeted by casinos in the Southeast Asian nation, and that hundreds of millions of yuan are flowing illegally out of its borders to the region.