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Philippine Gambling Advertising Ban Could Widen Offshore Enforcement Gap, Lawyers Warn
A proposed nationwide prohibition on gambling advertising in the Philippines could place the greatest burden on licensed gaming operators while doing little to curb promotional activity by offshore and illegal gambling platforms, according to two gaming lawyers. Russell Stanley Geronimo, founder of Geronimo Law, told AGB that legislation enacted at the national level could establish advertising restrictions extending beyond operators licensed by the Philippine Amusement and G
5 hours ago


Malaysian Bank Relationship Manager Jailed Seven Years and Fined RM40 Million for Fraud and Money Laundering
A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined RM40 million after admitting to a scheme that defrauded eight elderly customers of more than RM1.58 million and involved the laundering of the proceeds through third-party accounts. Kho Yung Kang, 39, appeared before the Sessions Court in Kuching and pleaded guilty to 24 charges comprising 16 counts of cheating and eight offences under Malaysia's Anti-Money
6 hours ago


Netherlands Relocates Billions in Gold to London Amid Rising Geopolitical Tensions
The Dutch central bank has moved billions of dollars' worth of gold from North America to London as part of an effort to strengthen its preparedness for a potential crisis, citing what it described as "increasing geopolitical unrest". De Nederlandsche Bank (DNB) confirmed on Wednesday that 86 tonnes of gold had been removed from storage in the United States and Canada during a complicated operation that took several months. The gold has now been placed with the Bank of Englan
1 day ago
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New Lawsuit Challenges NCAA Betting Suspension and Puts Gambling Rules Under Pressure
The NCAA is facing another legal challenge over its sports-betting rules after former Texas Tech wide receiver Roy Alexander filed a lawsuit seeking to overturn a six-game suspension imposed for gambling violations. The case adds to growing legal pressure surrounding the NCAA's authority to discipline athletes for betting and comes after a series of court disputes that have questioned the organisation's ability to enforce its rules. Alexander's challenge is particularly signi


Trump Becomes First Living US President in a Century to Appear on American Currency
President Donald Trump has become the first living US president in roughly a century to appear on American currency, after his portrait was featured on a newly issued $1 coin commemorating the United States' upcoming 250th anniversary. The US Mint released the special-edition coin on Wednesday, featuring Trump's portrait on the front alongside the inscriptions "LIBERTY" and "IN GOD WE TRUST". The Mint described the design as a celebration of the country's approaching 250th bi


Chevron Announces $7 Billion Venezuela Expansion as Washington Gains Control Over a Share of the Country’s Oil
Chevron has unveiled a $7 billion expansion of its Venezuelan operations, announcing plans to develop two additional oil fields in the country’s vast Orinoco Belt. The announcement came only hours after Venezuela’s National Assembly approved a separate agreement that would give Washington control over a significant portion of the country’s oil assets. The US oil giant said its new project, carried out through its joint venture with Petroindependencia, would involve the develo


Philippine Gambling Advertising Ban Could Widen Offshore Enforcement Gap, Lawyers Warn
A proposed nationwide prohibition on gambling advertising in the Philippines could place the greatest burden on licensed gaming operators while doing little to curb promotional activity by offshore and illegal gambling platforms, according to two gaming lawyers. Russell Stanley Geronimo, founder of Geronimo Law, told AGB that legislation enacted at the national level could establish advertising restrictions extending beyond operators licensed by the Philippine Amusement and G
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