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PhilWeb lost its licenses in August but expects Pagcor to renew them under new leadership since Duterte singled out former majority owner Roberto Ongpin as an oligarch who must be “destroyed”.A PhilWeb Corp.It seems most online gaming operators who feel they would be affected by the changes in gaming law will remove themselves as to avoid any penalty....
PhilWeb lost its licenses in August but expects Pagcor to renew them under new leadership since Duterte singled out former majority owner Roberto Ongpin as an oligarch who must be “destroyed”.”On the December 24, the Philippine Star reported that Justice Secretary Vitaliano Aguirre II has said that Duterte may ha review fair go casinove only been referring to online firms that break the law in his Thursday announcement.“We wish to assure the President that his policy of not registering online gaming or online gambling in PEZA will not chang review fair go casinoe and will continue as PEZA is one with the President in his conviction that any form of online gaming or online gambling will not benefit the country and the Filipino people,” said Plaza....
A PhilWeb Corp. Andrea Domingo said an executive order would soon be issued to settle the matter and that only unlicensed online gaming businesses will be shut down, with all online licenses in the future going through Pagcor. Doing so will result in a penalty that can be as high as million....
PhilWeb lost its licenses in August but expects Pagcor to renew them under new leadership since Duterte singled out former majority owner Roberto Ongpin as an oligarch who must be “destroyed”.He said that companies complying with Pagcor regulations had nothing to fear, and that he would soon have an executive order from the president appointing Aguirre as the head of a new online task force and defining the agency’s power and authority.Northstar Lottery Group, majority owned by world lottery heavyweight IGT in association with Scientific Games Corp is being questioned about instant win games that didn’t deliver the promised return to player percentages (RTP) due to the games being pulled before enough tickets were sold to award major prizes....
The Federal government is currently accepting reviews of the gaming provisions of the country and this could significantly change the way online gambling takes place in the country.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming.”Justice Secretary Vitaliano Aguirre II has reportedly clarified that the president was referring to the Cagayan Economic Zone Authority (CEZA), the regulator that actually licensed Asian-facing online casinos there in the past, prior to Pagcor’s take-over of the revenue stream....
