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Marbil has called for stricter regulation on junket operations, which are being used for illegal activities. The VASP facilitates activities involving virtual assets, such as cryptocurrency transactions. Fajardo said the firm had been involved in laundering “dirty money” from illegal activities. Li, she said, arrived in the country in 1991 and established various companies related to gaming, information technology support, real estate and crypto-currency.
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Playtime Casino is a licensed Philippine online gaming platform launched in 2024 by Playmate Leisure Solutions Corp., offering Slots, Live Casino, Arcade, Poker, Bingo, and Sports betting. Yet the size of Thailand’s population suggests domestic punters could still prove a powerful attraction for investors, with Citi estimating that about half of those aged 20 and more could be casino players. Nestled in resorts offering a range of entertainment, Singapore’s casinos were part of the city-state’s fastest-growing tourist receipts category in 2024. Last month, the cabinet approved a draft law to legalize gambling in so-called entertainment complexes as a way of boosting the economy at a time when Gross Domestic Product is expected to expand less than 2.9% this year, lower than previous estimates. To draw the big names, Thai authorities will have to combat perceptions of favoring big domestic players, adopt an open and competitive development process, and strike a delicate balancing act with domestic punters, two consultants said. “They want a transparent process that will protect their investment with appropriate regulation,” said Fredric Gushin of Spectrum Gaming Group, which helped Singapore build its casino industry into the world’s No. 3, after Macau and Las Vegas.
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