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(Pagcor) walked back a statement from the country’s president that indicated all online gaming operators would be put out of business with no exceptions.“The one who gets appointed to PEZA (Philippine Economic Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said.Yesterday, the Philippine Amusement and Gaming Corp....
It has no use.Yesterday, the Philippine Amusement and Gaming Corp.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....
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.While Vera & John have not officially stated why they are moving out of the country, it seems that they are getting a head start before the new gambling laws are put into effect.“We wish to assure the President that his policy of not registering online gaming or online gambling in PEZA will not chang online gambling etfe 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....
Operators that do not have a local license will not be able to legally offer their services in Australia.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming. 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”....
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.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.She added, “We have recognized and will continue to recognize that Pagcor has the sole and exclusive authority to grant franchises and regulate gambling operations in the entire country....
