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(Pagcor) walked back a statement from the country’s president that indicated all online gaming operators would be put out of business with no exceptions. Ongpin sold his shares to Gregorio Ma.Northstar Lottery Group, majority owned by world lottery heavyweight IGT in association with Scientific Games Corp is being questioned about instant win games that didn’t deliver the promised return to player percentages (RTP) due to the games being pulled before enough tickets were sold to award major prizes....
A PhilWeb Corp.A PhilWeb Corp. At that time, due to no major prize winners, the return was only a little over 60 percent....
For the price of a ticket, two random players were promised a chance to win ,000 per year for 30 years, or million each.A PhilWeb Corp.He said that companies complying with Pagcor regulations had nothing to fear, and that he would soon have an executive order from the president appointing Aguirre as the head of a new online task force and defining the agency’s power and authority....
”Justice Secretary Vitaliano Aguirre II has reportedly clarified that the president was referring to the Cagayan Economic Zone Authority (CEZA), the regulator that actually licensed Asian-facing online casinos there in the past, prior to Pagcor’s take-over of the revenue stream. Araneta III.Northstar Lottery Group, majority owned by world lottery heavyweight IGT in association with Scientific Games Corp is being questioned about instant win games that didn’t deliver the promised return to player percentages (RTP) due to the games being pulled before enough tickets were sold to award major prizes....
”On the December 24, the Philippine Star reported that Justice Secretary Vitaliano Aguirre II has said that Duterte may have only been referring to online firms that break the law in his Thursday announcement.“We wish to assure the President that his policy of not registering online gaming or online gambling in PEZA will not change and will continue as PEZA is one with the President in his conviction that any form of online gaming or online gambling will not benefit the country and the Filipino people,” said Plaza.
Yesterday, the Philippine Amusement and Gaming Corp....
