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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 :
Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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