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Pagcor relents on 20 venues

PHILIPPINES LATEST - LEISURE & RESORTS RECOVERS SOME OF ITS E-BINGO LICENSES
 
Pagcor relents on 20 venues located inside malls, arcades and hotels.
 
The Philippines state-owned online gambling regulator Pagcor has relented in its revocation of 36 licenses awarded to Leisure and Resorts World Corporation subsidiary AB Leisure Exponent Inc, apparently recognising that venues situated within malls, arcades and hotels are exempt from regulations governing distance from schools and churches.
 
In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.
 
However, LRWC cautioned that Pagcor continued to study the issue to decide whether to make the exemption for malls, hotels and arcades permanent.
 
Pagcor revoked 56 Leisure and Resorts World Corp e-bingo licenses on September 8 on grounds that they were not compliant with regulatory distance requirements of 200 metres in respect of schools and churches.
 
Subsequently LRWC was able to achieve a temporary reprieve after Pagcor’s Gaming Licensing and Development Department and the legal opinion of its Corporate and Legal Services Department tallied with that of the Corporation that the licenses should be honoured, at least until they had expired.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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