Manila must play its cards right with Chinese offshore gambling, given Beijing’s warnings

While China clamps down on cross-border gambling, countries in Southeast Asia are looking to corner more offshore gaming capital. Online gambling is illegal in mainland China and Beijing wants to crack down on cross-border gambling because it is morally corrupt, and a venue for capital flight and money laundering. But Chinese revenue has made cross-border gambling a lucrative industry for many of China’s neighbours, where gambling is mostly legal. This is particularly so for the Philippines,…