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ONLINE GAMBLING PURGE IN THE PHILIPPINES CONTINUES

ONLINE GAMBLING PURGE IN THE PHILIPPINES CONTINUES (Update)
 
Now PAGCOR lines up CEZA in its sights.
 
President Rodrigo Dutertes purge of online gambling in the Philippines looks about to widen following comments Friday by PAGCOR chief Andrea Domingo, who confirmed the company will be investigating and reassessing the activities of special freeport zones like CEZA that issue licenses to foreign online gaming firms.
 
The First Cagayan regulatory and licensing jurisdiction operates in the freeport, according to a report from the Reuters news agency.
 
Dutertes autocratic manner of wielding power could be challenged in the CEZA context; the online gambling operations licensed by freeports are mandated only to service non-Philippines players, raising the question of whether the presidents arbitrary decisions and pronouncements can be imposed.
 
However, thus far no-one has dared to step up with a legal challenge to the presidents bluntly expressed opinions and decisions on individuals and industries, and PAGCOR appears to comply on presidential pronouncements without question.
 
Its been an extraordinary fortnight for the industry in the Philippines which has seen online gambling denounced by the new President; major company Philweb crippled by the refusal of state-run PAGCOR to renew its license, and the resignation of chairman Roberto Ongpin after accusations that he was a corrupt oligarch.
 
Philwebs share price plummeted to all-time lows, presenting the spectre of the companys failure and the possible loss of 5,000 jobs as the crisis deepened.
 
Philwebs president, Dennis Valdes, has pledged to do everything possible to save the company, including applying for a new PAGCOR contract.
 
In related news, it appears that land casinos are also about to feel the pressure of political change in the Philippines, with the new head of PAGCOR, Andreas Domingo, announcing that the temporary tax breaks given to the casinos are to be withdrawn after two years of the benefit.
 
PAGCOR is reportedly about to communicate with land casino operators advising them that their tax break of just 5 percent on VIP table revenues is about to revert to 15 percent, and the 15 percent on mass market action is about to be returned to a 25 percent tax rate.

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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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