A preliminary investigation by Philippine gaming regulators of millions of dollars of heisted Bangladeshi government funds has found no fault with local casino operators.

The Philippine Daily Inquirer quoted an anonymous “ranking official” at the Philippine Amusement Gaming Corp (PAGCOR) saying only $46m of the stolen $81m that entered the country’s financial system last month ended up under the control of the local gaming industry.

The money is part of an estimated $1b belonging to the Bangladeshi central bank that unknown cyber-thieves attempted to purloin from the Federal Reserve Bank of New York in early February. Employees at the Fed eventually caught on to the scam but not before $81m in transfers to Philippine banks had been approved.

The $46m that ended up in Philippine casino hands was reportedly split into two tranches: a $26m transfer ended up at Bloomberry Resorts‘ Solaire Resort and Casino in Manila while the other $20m was sent to the Eastern Hawaii Casino and Resort in the Cagayan Economic Zone Authority.