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Roberto Ongpins Offers to Donate his shares in Pagcor

PAGCOR SPURNS ONGPINS OFFER TO DONATE HIS PHILWEB MAJORITY SHAREHOLDING (Update)
 
Pagcor chief says the issue is not Ongpin’s ownership of Philweb, but President Duterte’s stand against online gambling.
 
Fomer Philweb chairman Roberto Ongpins offer to donate his majority shareholding in the company to Pagcor  has been spurned by Pagcor chief Andrea Domingo, according to reports Thursday in Philippines media.
 
Domingo confirmed to local reporters that her office had rejected Ongpin’s offer to donate 49 percent pf his majority stake in Philweb after her organization refused to renew the companys licence despite a 14 year relationship, making continued operations impossible.
 
Domingo explained that the issue was not Ongpin’s ownership of Philweb per se, but Philippines national President Rodrigo Duterte’s firm stand against the social ills brought about by online gambling.
 
In making the offer of the donation earlier this week Ongpin said it was “a final attempt to save the jobs of about 700 Philweb employees, plus about 5,000 others who are employed by the Pagcor operators in 286 e-Games sites.”
 
Philweb executives have repeatedly pointed out to state-owned Pagcor that the company contributes around P2.1 billion a year to its coffers, and that average spend of each e-games player was about P5,000 per day, proving that the company is hardly preying on "the poor and indigent."



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MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

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50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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