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PEZA director general Charito Plaza addressed a letter to the president explaining that, “…online gaming or online gambling or any form of gambling operation is not registrable with PEZA and is not allowed by PEZA,” according to reports.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.She added, “We have recognized and will continue to recognize that Pagcor has the sole and exclusive authority to grant franchises and regulate gambling operations in the entire country....
Earlier reports suggested that Duterte was going after the Philippine Economic Zone Authority (PEZA) for being corrupt and issuing gambling licenses in its economic zones.“The one who gets appointed to PEZA (Philippine Economilas vegas slot cars ynmsc Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said.PEZA director general Charito Plaza addressed a letter to the president explaining that, “…online gaming or online gambling or any form of gambling operation is not registrable with PEZA and is not allowed by PEZA,” according to reports....
”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.“The one who gets appointed to PEZA (Philippine Economilas vegas slot cars ynmsc Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said.Although the odds of winning on any ticket were the same for the first, last, and any unsold tickets – one game, The Good Life, should have seen 78 percent of revenue returned to players in prize money....
She added, “We have recognized and will continue to recognize that Pagcor has the sole and exclusive authority to grant franchises and regulate gambling operations in the entire country.An analogy that may help differentiate between “odds” and “RTP” and whether the practice was fair, is to imagine playing a slots game with a progressive jackpot that must trigger by a certain dollAfter signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming....
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. PhilWeb lost its licenses in August but expects Pagcor to renew them under new leadership since Duterte singled out former majority owner Roberto Ongpin as an oligarch who must be “destroyed”.Earlier reports suggested that Duterte was going after the Philippine Economic Zone Authority (PEZA) for being corrupt and issuing gambling licenses in its economic zones....
