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with the new head of PAGCOR, Andreas Domingo, announcing that the temporary tax breaks given to the casinos are to be withdrawn after two years of the benefit.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

Twin River Management Launches Simulated Gaming product - GAN has launched its Simulated Gaming product at the Twin River Management Group's land casino in Rhode Island, USA, revealing the identity of its ninth US customer.

VLeague and Mojo Games partner up - #Alisports B2B multi-gaming platform and social games provider Mojo Games has partnered with VLeague Internet Technology to provide online social games and poker tournaments to Asian sports giant Alibaba Sports Group (AliSports).

SBTech In SportsBook Deal With Winmasters - #SBTech #Winmasters has already achieved significant market share in the Romanian regulated market and is now targeting a number of other EU countries with national regulatory regimes.

Life of Riches Slot Launching - The company released a preview of its "Life of Riches" slot Friday, a 5 reel, 30 selectable pay-lines game with a theme featuring luxury cars, expensive yachts, private jets and a liberal sprinkling of glitterati.

Dutch to impose harsher fines On Illegal Gambling Operators - The Dutch gambling regulator Kansspelautoriteit has announced that it is to take a tougher line with unlicensed online operators who access Dutch punters, intensifying enforcement and imposing substantially heavier fines on offenders.

Makati City is becoming an unfriendly internet gaming environment - The Makati City government in the Philippines has just shuttered its 117th online gambling firm since the middle of the year for operating without a current permit, perpetuating the sense that the region is an increasingly hostile online gambling environment.

Land Casino Bill Passes in Japan - A bi-partisan side meeting of leading lawmakers led to Komeito Secretary General Yoshihisa Inoue agreeing that his party would not protest the vote in the House of Representatives Cabinet committee Friday afternoon.

Inaugural meeting of the Massachusetts Gaming Commission - Thursday's inaugural meeting of the Massachusetts Gaming Commission committee tasked with reviewing online gambling developments and possibilities met Thursday and briefed local media on their mandate.

easyPLAY Launches Online Slot Tournaments - #easyPLAY Las Vegas land casino giant MGM Resorts is more effectively leveraging its on-premises mobile gaming services by expanding the availability of its easyPLAY online casino tournaments throughout the state of Nevada.

Jetsetter slot Pays 130 Bitcoin WIn - #bitcoin Prague-based online slot developer Endorphina reports that its Jetsetter slot on the Bitcasino.io site has just delivered a major hit for an anonymous player.

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