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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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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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