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Pagcorp To Go Private
The Philippine government is considering privatising the nation's chain of casinos, President Benigno Aquino III said Friday, according to reports on the Agence France Presse news service.
The president has directed that a full review of the books of the Philippine Amusement and Gaming Corp (PAGCOR), owner of the sole franchise to run casinos, ahead of a potential sell-off.
"If at some point in time we can do away with having the government be the operator and the regulator, that will be a good direction," Aquino, who began his 6-year term two weeks ago, told reporters.
Aquino said he had no timeframe for privatisation, partly because the government needed to determine if there were any irregularities within PAGCOR and then remedy them.
The 41-casino chain reported a 2008 net income of P29.62 billion ($640 million).
Under the terms of its franchise, half of PAGCOR's income goes straight to the national budget, with the balance going to host cities, a fund controlled by the president's office and on various taxes.
Aquino said the review would look at whether the income had been going to the legal beneficiaries.
In a separate interview, former PAGCOR chairman Ephraim Genuino noted that the move could affect up to 13,000 employees.
Gambling News :
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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.
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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.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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