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Pagcorp Cracks Down On Corruption
Better checks to ensure former Pagcor execs stop using fronts to run casinos
The state owned online and land gambling organisation Philippine Amusement and Gaming Corp. (Pagcor) is to beef up probity and other checks on prospective licensees following disclosures that enterprising former officials are illegally employing ‘front men’ in their ownership of satellite casinos.
Pagcor chairman Cristino Naguiat told reporters this week that his organisation has moved to implement a more rigorous audit of existing casino franchises that former Pagcor officials granted to private firms.
Naguiat had earlier put on hold all applications for new casino licenses, citing President Aquino’s decision to block the mushrooming of casinos in places not frequented by foreign tourists.
A Pagcorp spokesman said: “We will now require transparency and full disclosure of the identities and activities of the proponents. We will make sure that the people we’re dealing with are the real proponents and not just agents.”
Advising that a full investigation into past agreements was in progress, the spokesman said: “If the results of our investigation show that Pagcor was disadvantaged, then we will file necessary cases against former Pagcor officials with the Ombudsman.”
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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