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Pagcor FY 2016 remains optimistic
PAGCOR REPORTS STRONG PERFORMANCE IN FY 2016
Amidst the disruption caused by presidential clampdowns on online gambling, regulator remains optimistic.
With Philippines president Rodrigo Duterte's clampdown on illegal gambling now in full swing in the Philippines, the national regulator Philippine Amusement and Gaming Corp. (Pagcor) released its FY 2016 performance figures this week, reporting that GGR from its licensing, fees and other activities rose 17 percent to P55 billion (US$1.1 billion).
Chairman Andrea Domingo boasted in a statement Wednesday:
“Not only were we able to maintain our revenues, but we were actually able to improve.”
She added that Pagcor received a little help from the Supreme Court, which ruled last year that the Bureau of Internal Revenue should not collect income taxes from the regulator and its licensees.
“Even without this extraordinary income, Pagcor would have still improved revenues in 2016 by about P4.5 billion,” she noted, adding that the position this year looks even more promising following the president's decision to allow Pagcor to issue new Philippine Offshore Gaming Operators (POGO) licenses.
“We have granted 35 POGO licenses to local operators, but we have many expressions of interest from abroad,” Domingo said.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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