Casinos in the Philippines and other forms of gambling were illegal up until the 1970’s but that did not stop them flourishing underground. Many of the ill gotten profits were used for organised crime and were a way of laundering money. In 1976 the President Marco Ferdinand signed a decree that put into place the Philippine Amusement and Gaming Corporation. This resulted in much better regulation and thus taxing and control, helping to illuminate some of the organised crime aspects that currently existed.
Read moreHaving a Deeper Look at the Casinos in the Philippines