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Pagcor Reacts to new Philippines President

PAGCOR REACTS QUICKLY TO PRESIDENTIAL MORATORIUM ON INTERNET GAMBLING (Update)
 
Online gambling licensing put on hold in the Philippines... but investors show their concern.
 
The newly elected president of the Philippines, Rodrigo Duterte, made headlines earlier this week with a Cabinet brief on the many areas of government where he intends to crack down hard - including online gambling , and it took less than 48 hours for the effects to manifest themselves.
 
The newly appointed chairperson of the Philippine Amusement and Gaming Corp (Pagcor), Andrea Domingo, put the brakes on any further licence issues, saying:
 
"For now, we will freeze the issuance of licences for these types of games, and then review what the president said."
 
During the tenure of Dutertes predecessor, Benigno Aquino, government statisticians claim, the number of e-bingo machines rose to 12,000 from 2,160 on his appointment mid-2010. In the same period Internet gambling terminals rose to 7,000 from 4,662, and e-gaming cafes reached 277 from 190.
 
Dutertes presidential outburst against online gambling, which he threatened to ban altogether, created consternation amongst investors, too; Reuters reports that on Friday shares in gaming operator PhilWeb Corp declined 32 percent to their lowest in nearly 14 months. The firm operated 277 e-games outlets and 8,977 gaming terminals catering to over 90,000 members as at March-end, the news agency noted.
 
And Leisure & Resorts World Corp, which develops, operates and conducts internet and gaming enterprises and facilities in the Cagayan Special Economic Zone Freeport, also felt some pain as shares 8.9 percent to a five-month low.



Gambling News :

NBA Odds: Warriors Big Favorites to Beat Cleveland - The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

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