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OKBet Online Casino Shuts Down And Closes All VIP Clubs In The Philippines

OKBet Infinity Inc, a major player in junket and online gaming, has abruptly closed all its VIP rooms in the Philippines. The company, known as OKBet Online Casino, announced that it's shutting down operations as of August 15, 2023. They are working on arrangements for guest accounts, set to be finalized by August 31, 2023.

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OKBet Online Casino, headquartered in Hong Kong, had VIP rooms in several Philippines integrated resorts like Okada Manila, Newport World Resorts, City of Dreams Manila, Hann Casino Resort, and NUSTAR. Players were reportedly rushing to withdraw funds from OKBet VIP rooms in Manila before the closure.

The company didn't specify reasons for the shutdown, but there's speculation it's linked to the recent arrest of 10 individuals in Singapore for alleged forgery, money laundering, and resisting arrest. The Singapore Police Force made these arrests based on information about illicit activities, including suspected use of forged documents to justify the source of funds in Singapore bank accounts.

The arrested group consists of foreign nationals involved in organized crime activities such as scams and online gambling. They possess over SG$1 billion in combined assets, including properties, vehicles, bank accounts, and valuable items. The individuals detained include Chinese, Cambodian, Cypriot, Turkish, and Vanuatu nationals.

While there are claims that one of those detained is a top executive from OKBet, this connection hasn't been confirmed. The Singapore Police Force and Philippines gaming regulator PAGCOR are both being consulted on the matter.

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With OKBet Online Casino closing its doors, BK8 emerges as the perfect alternative that offers a captivating and secure gaming environment. Whether you're a seasoned player or new to the world of online casinos, BK8 welcomes you with open arms and promises an unforgettable experience.

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Disclaimer: The above is a contributor post, the views expressed are those of the contributor and do not represent the stand and views of Outlook Editorial.

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