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Roberto Ongpin Wants To Donate PhilWeb Shares To Govenrment

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.

Gambling News :

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPN’s Indian Poker Network. Microgaming welcomes PokerLion to the MPN’s growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finland’s all-time poker tournament winners.

Fair Play Bets and QuickFire in Deal - Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.

Cavaliers Aim to Take Down Wizards on 2/22/18 - The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.

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