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MULTI-MILLION ONLINE GAMBLING DATA CENTRE FOR CAGAYAN
Reports in the Manila Inquirer indicate that IP-Converge, the data centre subsidiary of IPVG Corporation, has partnered with the First Cagayan Leisure and Resort Corp (FCLRC) in a joint venture to build and equip a data centre in the Philippines province to provide online gambling hosting services for foreign online gaming companies.
FCLRC holds a 60 percent stake in First Cagayan Converge Data Center, Inc. (FCCDCI), a Philippine-based Internet service and IT solutions e-commerce outfit based in an IT park at the Cagayan Special Economic Zone (CSEZ) in Sta. Ana, about two hours away from the capital city of Tuguegarao.
Total investment in the jv will be somewhere between $3 million and $5 million, FCLRC vice president Rene Nunez revealed this week, adding that FCLRC is already hosting eight foreign companies in Cagayan. These companies operate online casinos, with hosting and support services provided from Cagayan.
CSEZ is the only ecozone allowed by provincial law to licence online gaming as a tourism-related industry. FCLRC hosts a further 18 companies at the main IP-Converge facility located at the RCBC Tower in Makati City. Almost all of these clients have Asia-Pacific-facing operations, according to Nunez.
The partners intend to concentrate all online gambling client services and hosting in the new facility.
"By law, we cannot take in bets from the Philippines and the United States," Nunez told the Manila Inquirer. "We manage the IP traffic." He also remarked that the Asian Pacific online gambling market was booming, with revenues approaching $10 billion.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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