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How the Philippines missed a Korean gambling racket worth US$3.8 billion

Asia-Pacific 1 source 1 country 🔦 Under-reported 35m ago

While the Philippines focused heavily on dismantling high-profile, Chinese-linked online gambling compounds through dramatic raids, South Korean syndicates quietly established a parallel illegal gambling industry in the country. This hidden network grew to an estimated value of US$3.8 billion over several years, largely escaping public and regulatory scrutiny.

The scale of the South Korean operation has only recently come to light following a spate of arrests. These enforcement actions reveal that foreign-run illicit gambling infrastructure in the region extended well beyond the widely publicized Chinese operations, exposing significant vulnerabilities in Philippine regulatory oversight.

In-depth summary · AI, neutral
Read the full story at the source South China Morning Post · HK
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