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PAGCORP TIGHTENING UP ON INTERNET GAMBLING PERMITS

PAGCORP TIGHTENING UP ON INTERNET GAMBLING PERMITS
 
124 permits revoked as black market in licenses flourishes.
 
The Philippine Games and Amusement Corp. has revoked the permits of 124 online e-game outlets throughout the country for violation of its existing rules and regulations... specifically that the permit holders had no actual venues, The Manila Standard newspaper reported Friday.
 
Permits for a further 424 e-games and 302 e-bingo outlets will not be renewed, and no further licenses would be issued, the newspaper reported, quoting comments made at a media forum by PAGCOR chairperson Andrea Domingo.
 
Domingo explained to reporters that a black market in permits exists, with unscrupulous individuals paying P40,000 in permit fees, only to sell the permits on for "several millions of pesos".
 
The Philippines government earns about P8 billion to P9 billion a year (around US$190 million) from online gambling alone, Domingo revealed, commenting on the moratorium on the issue of online permits that she has imposed following a recent Cabinet statement by new national president Rodrigo Duterte that he intended to curtail online gambling.
 
Starting next year, PAGCORs contributions to government agencies will be consolidated through the Bureau of Treasury in the interests of transparency and accountability, and for inclusion in the national budget, Domingo said, explaining that certain government agencies frequently seek donations but are reluctant to account for how the money is spent.
 
In wider commentary, Domingo claimed that:
 
* PAGCOR delivers to the government the largest share of all state-owned assets;
 
* That a task force to combat illegal gambling is currently being assembled and will include police and other law enforcement agencies and;
 
* That a survey is being carried out of gambling venues and their proximity to schools, churches and other sensitive areas.
 
So far it is only organisations involved in offering services to Philippines residents that appear to be under scrutiny; international online gambling through the First Cagayan Leisure and Resort Corp in the Cagayan Economic Zone Authority (who are not permitted to access Philippine players) have not so far been affected, but will no doubt be anxiously monitoring developments.
 
So will Philippines operators like Philweb and Leisure and Resorts who are directly impacted by the negative presidential statements and the resultant PAGCOR fall-out, and have seen their share prices decline.
 
Philweb is currently on borrowed time, having been granted a one-month extension of its expired licence, but faces an uncertain future.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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