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Philweb Shares Climb 50 Percent
SOME RELIEF FOR PHILWEB SHARES (Update)
But Pagcor is adamant on licensing ban.
Shares in the embattled Philippines online gambling company Philweb received a fillip Thursday, climbing a remarkable 50 percent (albeit from a low base) following more positive comments from the national president on the previous day.
President Rodrigo Duterte appeared to moderate his hard-line stance against online gambling by saying that as long as operators paid taxes and stayed away from churches and schools in their marketing and positioning, he may permit them to operate.
Philweb president Dennis Valdes immediately reiterated his earlier statement that the company plans to approach Pagcor with an application for its expired licence to be renewed.
On Thursday PhilWeb shares matched the biggest intra-day gain, recorded on February 24, 2005, but were still down 65 percent year-to-date as the market exhibited fears based on uncertainty.
The positive news was however diluted when Pagcor chief Andrea Domingo again emphasised that online gambling operations powered by Philweb will remain shut and that no new licenses will be issued.
However, Domingo added: "We will look at the propriety and legality of transferring their station to a service provider similar to PhilWeb...[but at present]...I will not allow that. We will warn them that they cannot switch because the President does not like it."
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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