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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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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