Singapore will no longer share information related to money laundering or related cases voluntarily, taxes official from Singapore said on Saturday.
The decision comes after the Singapore’s Suspicious Transaction Reporting Office (STRO) took displeasure to reports of alleged overseas bank accounts of Congress leader and industrialist, Naveen Jindal, which appeared in the Indian media.
Equivalent of India’s Financial Intelligence Unit, the STRO had shared the information on the Jindals without any reference from India.
The Singapore authorities have made it known that the breach of confidentiality vitiates the information collaboration arrangement on anti-money laundering among the FIUs, known as the Egmont group of which, both India and the island nation are part of.
The refusal of Singapore could prove costly, as the nation has emerged as an international financial hub to track money into and out of India.
The development comes at a time when there have been discussions on the propriety of India sharing information from countries such as Switzerland and United States.
The freedom of sleuths tracking economic offences has been crippled as a result of the stiff position adopted by Singapore.
The Casino Filipino in Angeles is one of the most famous gambling spots in the country. This is more than just a casino, it’s the ultimate combination of unique culture, breathtaking surrounding scenery and exceptional entertainment.
After Macau and Singapore, the Philippines is the fastest growing casino hub in Asia. Entertainment City in Manila Bay is designed in the style of other major gambling destinations like Las Vegas and Macau, and the government hopes it will draw in millions of visitors each year. In 2017, gross gaming revenue boomed and was up by 27 percent on the previous year. But now some are speculating that the sector is at risk of oversupply, so the building of new gambling houses in the country has slowed. Luckily for poker fans, there are a number of well-established poker rooms across the region. Here we take a look at the best places to get a fix of the amazingly popular card game in the Philippines.
The Casino Filipino in Angeles is one of the most famous gambling spots in the country. This is more than just a casino, it’s the ultimate combination of unique culture, breathtaking surrounding scenery and exceptional entertainment. This gambling house in the Town of the Angels aims to provide visitors with the experience of a lifetime. There’s a wide array of table games, slot machines and bingo draws, along with nightly performers serenading the hotel’s guests.
The casino itself is the epitome of lavish luxury, with sprawling gaming rooms and glistening décor. Along with this, there are numerous promotions to keep customers coming back for more. These include the Table Games Promo Card and the Slot Machines Promo Card, which give players access to a number of special privileges such as free food and beverages.
There are various events at the Casino Filipino such as the Friday Madness Bingo draw. But poker players will be most interested in the well-known poker room at the casino. The preferred variant of the world’s favorite card game here is stud poker, and they mainly offer cash games along with the occasional tournament.
Angeles is home to another seriously stunning casino. The Pagcor is open 24 hours a day, which is ideal for players who want to get a game at all hours. There is an incredible selection here as well. The 42,651 square foot gaming area includes 452 gaming and slot machines, along with forty-five tables featuring traditional casino classics like blackjack, roulette, pai gow poker, and stud poker. There are six restaurants on site serving up a delicious array of Filipino and international cuisine, along with a hotel with sixty-six rooms.
Right next door to the buzzing gambling house is a recently developed poker room called the Century Poker Sports Club. The joint has been open for seven years and has gained a reputation for being a hotspot for poker in the city. Some of the past events there include the 300K Guaranteed Hold’em tournament to commemorate the poker room’s 6th anniversary last July, and the 20K Guaranteed No Limit Hold’em Tournament which took place there in November 2017. For some poker players, tournaments are their favorite way to play the game.
There is a certain knack to the tournament game, which requires players to adapt their poker strategy to defeat their opponents. This makes poker rooms like this that host regular Hold’em tournaments such attractive places to play. Skills required include extreme patience and the ability to wait until the right moment to strike. Players must also enter a poker tournament scenario with a clear set of rules and a strategy that they stick by.
Resorts World Manila
Manila is the country’s capital and the location that could one day rival major gambling hubs like Vegas and Macau. For that reason, it shouldn’t be surprising to hear that there are a number of truly awesome casinos and poker rooms in the city. One such location is Resorts World Manila in Newport City, directly opposite the Ninoy Aquino International Airport. This convenience aspect makes the casino a hugely popular spot for holidaymakers and weekend gamblers alike. But it also earns a high number of visitors because of the wealth of entertainment options on offer. It is an integrated resort operated by Travellers International Hotel Group, and the huge project features four hotels, a number of casino gambling areas, a shopping mall, cinemas, nightclubs, restaurants and a theatre.
Resorts World Manila is renowned for its wide range of poker games and has hosted the Asian Poker Tour in the past. There are various poker rooms offering cash games and tournaments, along with different varieties of the classic game on offer in the casino. For instance, players can gamble against the house in Lunar Poker, Pai Gow Poker or Texas Hold’em Bonus Progressive Poker. Overall, this sprawling entertainment hotspot should have everything required to attract poker lovers along with their families and partners.
City of Dreams Manila
The final option on this list of great places to play poker in the Philippines is the City of Dreams Manila, located in the heart of Entertainment City. This is another enormous resort which features three luxury hotels, a large number of premium dining outlets, a massive casino, and the pumping Chaos nightclub. While the casino has a wide range of games to suit any player, it’s the elite poker rooms on offer here which will appeal to poker lovers.
The resort hosts a number of major poker tournaments throughout the year, along with smaller games on a day-to-day basis. This will suit both newcomers to the game and high rollers, and the amazing atmosphere will have them coming back for more.
With locations like these, it’s really no wonder that the Philippines is making a name for itself as one of the hottest up and coming gambling hubs in the world. Poker and casino fans alike are spoiledfa for choice, and wherever the cards are being played you can be sure to encounter some other awesome entertainment to help you maintain that high.