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Raymond Ang bid for PAGCORP
Asian food and beverage exec's bid for PAGCORP could be finished before it has begun
Earlier this week Raymond Ang, a senior executive with the San Miguel food and beverage group, intimated in a press interview that, acting independently he would be putting together a consortium to make a $10 billion offer for the state-owned Philippines gambling group PAGCORP, but events since then indicate that he may have been a touch optimistic in his planning.
Ang named as possible partners Malaysian tycoons Robert Kuok, Ananda Krishnan and Francis Yeoh, but it appeares that there is little appetite for the venture.
The story is attracting widespread press attention in Malaysia, with Yeoh's special assistant, Sylvia Chew, telling reporters that her chief has been "completely taken aback" by the story and is not too happy about his alleged involvement.
“He does not know Ramon Ang nor has he ever spoken to the individual," said Ms. Chew. "YTL [Yeoh's business group] does not participate in the gaming industry, and this will continue to be the case.”
Kuok was similarly unimpressed, telling enquiring journalists that neither himself or his family or their companies have any intention of investing in the gaming industry.
Krishnan’s representative didn’t answer calls or e-mails seeking comment.
Ang remained unperturbed by the growing furore, saying: “If they don’t join, many others will. I’m very sure of that.”
However, to date there has been no formal offer following up on Ang's boast of August 9th.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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