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Roberto Ongpin Wants To Donate PhilWeb Shares To Govenrment
ONGPINS LATEST MOVE ON PHILWEB SHARES (Update)
Now wants government to accept his shares as a donation to build Philippines problem gambling centres.
Following the rejection of his offer to donate 49 percent of his majority shareholding in Philweb to Pagcor, former Philweb chairman Roberto Ongpin has now offered the Philippines government the shares to be used to build a nationwide network of problem gambler rehabilitation centres.
When we went to press there had been no direct response from to his offer.
When the market closed Friday Philweb shares had descended further and are now down almost 70 percent in value over the past month, which has seen Pagcor refusing to renew the company’s licensing.
On Friday Andrea Domingo, the head of Pagcor, reiterated her earlier statement supporting the governments antipathy to online gambling, saying:
"We will not issue new licenses and we will not renew expired licenses in both e-bingo and e-games."
Friday also saw the shares of Leisure and Resorts World Corp. plunge 21 percent.
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GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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