Philippines says mayor has gone into hiding amid money-laundering probe

MANILA (Bloomberg): Philippine senators and the finance department joined growing calls to ban online casinos taking overseas bets, following the issue of an arrest warrant for a mayor embroiled in alleged money laundering through entities linked with gambling.

Senator Sherwin Gatchalian, who has filed a bill seeking to outlaw Philippine offshore gaming operators or POGOs, said on Tuesday that the industry that mainly caters to Chinese bettors must be banned completely.