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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. The base game may return as low as 85% to players in smaller prizes, while the massive multi-million dollar progressive being awarded might bring the overall RTP up to 95%.“The one who gets appointed to PEZA (Philippine Economic Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said....

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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.“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., spokesman defended their position in the market by stating that none of the eGames outlet games can be accessed from homes or offices and each of the more than 250 outlets, serving up casino games, slots, and sports betting, is directly licensed by Pagcor, and that PhilWeb only provides software to Pagcor for individual entrepreneurs to operate the businesses....

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The base game may return as low as 85% to players in smaller prizes, while the massive multi-million dollar progressive being awarded might bring the overall RTP up to 95%. Those prizes were never awarded. Those prizes were never awarded....

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A PhilWeb Corp.“The one who gets appointed to PEZA (Philippine Economic Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said.A PhilWeb Corp....

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”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. In that scenario, a small percentage of every bet goes to feed the progressive jackpot.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....

 

 

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