Anti Gambling

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THREE persons were caught for illegal gambling activities and violation of health safety protocols in Mabalacat City, Pampanga. Arrested were Rogelio dela Rosa, 68; Nino Baquing, 35; and Angelo dela Rosa, 18, all residents of Madapdap Resettlement, Barangay Dapdap, Mabalacat City. The National Anti-Gambling League (NAGL) was a British campaigning organization founded in 1890 by F. The aims of the NAGL were laid out in its journal, the Bulletin of the National Anti-Gambling League: Nothing less than the reformation of England as regards the particular vice against which our efforts are aimed.

China continues to prosecute international gambling networks luring citizens from the mainland abroad to gamble. VIP junket tours and other gambling tour groups are in the crosshairs again.

China’s Crusade

The Ministry of Public Security claimed that $150 billion was moved out of China for gambling purposes last year. President Xi Jinping claims that the large amount of Chinese money gambled abroad represents a threat to national security.

The director of the International Cooperation Department of the Ministry of Public Security, Liao Jinrong, said 35,000 Chinese people are already facing charges of gambling abroad.

“Our goal is to completely paralyze the soliciting networks by the gambling groups working outside our country that targeted our people, and we will not give up until we achieve our goal,” Liao said at a briefing.

China’s Criminal Code levies harsh penalties for anyone found guilty of enticing overseas gambling tourists abroad. Starting March 1, serious breaches of the law will result in a 10-year prison sentence.

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SARs Exempt

China’s special administrative regions (SARs) like Macau are not in China’s crosshairs. China’s main concern is money being funneled out of the mainland to international casinos through junket tours and the like.

Macau has agreed to cooperate with authorities in China to crack down on illegal online gambling applications or organizations targeting high rollers to gamble abroad.

Chinese high rollers embark on million-dollar gambling sprees globally, and VIP high roller junket tours prize them above all others. Megaresorts in Australia, Malaysia, the Philippines, and Singapore all use junket tour groups to pull in the high rollers.

Junket tours offer private jets, luxury accommodation, currency exchange services, and more.

Junket tour operators have been accused of money laundering and links to organized crime. Money is transferred into foreign accounts for gambling purposes through the junket operators. After a currency exchange transaction, it becomes untraceable and may be used for anything from gambling to property purchases abroad.

An ongoing Crown casino inquiry revolves around criminal activity perpetrated by junket tour operators in Australia. Money laundering was at the top of the list of allegations against the Crown.

As a result of the Crown inquiry, the opening of the new Crown Resort in Sydney was blocked while regulators determine the Crown’s worthiness to hold a gaming license. Several Crown leaders have stepped down as a result of the inquiry.

Meanwhile, China’s anti-gambling crusade continues. And international casinos which rely on junket tours will certainly feel the heat.

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Public officials and opinion leaders of all political stripes who profess a desire to improve opportunity and alleviate poverty often lament how few levers they have to pull.

Saving is the road to wealth creation yet around 50% of the U.S. population has zero or negative net wealth. More than 60% of citizens don’t have enough savings to cover a $1000 emergency expense. This is a critical issue because asset-building is the direct opposite of commercialized gambling.

Americans were expected to lose $118 billion of their personal wealth to government-sanctioned gambling in 2018. Over the next eight years, the American people are on a collision course to lose more than $1 trillion of their personal wealth to government-sanctioned gambling.

To improve opportunity and increase mobility out of poverty, state officials must stop turning millions of people who are small earners, who could be small savers, into habitual bettors.

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Goals

  1. Improve fairness of opportunity for all citizens to earn and create wealth.
    • Revoke the social license of government-sanctioned gambling operators
    • Counter industry/government narratives
  2. Help build a fairer and sustainable economy that benefits everyone.
    • Promote investment in industries that raise a region’s standard of living
    • Support communities confronting the impacts of predatory gambling and those who are building solutions for an economy that improves people’s lives.
  3. Pressure governments and opinion leaders into containing predatory gambling.
    • Run local and national campaigns to awaken the conscience of America’s leaders
    • Reduce the amount of marketing done by commercialized gambling interests which are presently exempt from truth-in-advertising laws.

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