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’Reportedly read a statement from the AMLC…“Because the use of gaming accounts is not closely regulated by POGOs, the level of anonymity is high.Illicit exposure:According to the source, the nation’s iGaming sector is regulated by the Philippine Amusement and Gaming Corporation (PAGCor) but that the watchdog’s examination had identified a number of shortcomings in the current supervisory regime. Thus, accounts may be used for money laundering and fraudulent activities....
The league has stated they are aware of the decision made by the basketball league and they are continuing to consult with experts in the medical field and evaluate their options. The appraisal also purportedly determined that the current iGaming licensing system should be ‘re-evaluated’ as it presents ‘an increasing level of threat’ casino near me poker rooms vobndue to operator reliance on these often foreign-based service providers. The Utah Jazz and Oklahoma City Thunder game was stopped mid-way due to Gobert being diagnosed with the virus but he never was at the arena during the game....
How this will affect the sports betting industry during one of the busiest times of the year is yet to be seen.According to a report from Inside Asian Gaming, there are 59 entities holding a Philippine Offshore Gaming Operator (POGO) license with these enterprises said to be relying on some 218 service providers for a range of facilities including online casino software and streamed content.As the coronavirus continues to spread across the United States, health emergency officials are enforcing changes to major sports leagues....
” How this will affect the sports betting industry during one of the busiest times of the year is yet to be seen.In the Philippines and the nation’s anti-money laundering watchdog has reportedly called for stricter regulation of licensed iGaming firms and their utilization of often unregulated and unsupervised service providers....
