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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with the new head of PAGCOR, Andreas Domingo, announcing that the temporary tax breaks given to the casinos are to be withdrawn after two years of the benefit.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.
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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