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Presidential Laws Statutes and Codes. Wenceslao, Bong O. (November 13, 2015). "Wenceslao: Masiao craze of outdated". Green, Steve (November 14, 2012). "Aliante boosts quarterly casino income". Erik de Castro; Rosemarie Francisco (June 23, 2015). "Wagers at funerals help defray dying bills within the Philippines". This abundance of casinos and gaming areas aided in the 17% growth of the playing trade in 2015. The reported gross revenue for 2015 was PHP 130 billion, a big increase from 2014's PHP 111 billion. The estimated gross revenue of the game varies, however it could attain to as much as $500 million. Another $850 million was imagined to be wired to personal financial institution accounts within the Philippines, however was blocked by authorities. Certainly one of the most important money laundering circumstances within the Philippines to date happened in February 2016, known as the Bangladesh Bank robbery or financial institution heist. 81 million of the money stolen from the Bangladesh Bank was laundered into Philippine casinos via transfer requests and the SWIFT community. Local firm, PhilWeb was identified for its E-Games community which was shut down by the government. 4. There are lots of instances the place it's protected by law enforcers or government officials.
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