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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 :

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

Pagcor relents on 20 venues - In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.

Kama Games Selects Unity - #Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.

Novomatic Slot Competition - #Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.

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