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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."

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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