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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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