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The Philippines Department of Justice has issued a “Be on the Lookout” bulletin for Macau casino tycoon Yin Lok Lam, better known as Jack Lam. The Government has revoked his investor’s visa.
Lam has been ordered arrested by President Rodrigo Duterte for his involvement in alleged to be involved in corruption of public officers and economic sabotage.
Lam, who runs one of Asia’s biggest gambling junket companies, the Jimei Group, is accused of attempting to bribe Justice Secretary Vitaliano Aguirre and Philippine Amusement and Gaming Corporation Chairperson Andrea Domingo.
More 1300 Chinese individuals were detained by Philippines authorities last week for their suspected role in illegal online gambling. All were working illegally at Fontana Leisure Parks and Casino in Pampanga.
Lam’s Filipino lawyer Raymond Fortun said that his client “has no reason to bribe anyone” because he has the necessary permits and license to operate the Fontana Leisure Park and Casino. The gambling magnate is also believed to be in fear of Duterte.
In 2009 Global Gaming Business Magazine named Lam among Gambling’s Top 10 Most Influential People.
They referred to him as the “Godfather of Gambling”.
- Aaron Goldstein, Gambling911.com
