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After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming. It has no use.While Vera & John have not officially stated why they are moving out of the country, it seems that they are getting a head start before the new gambling laws are put into effect....
PokerStars already announced they are planning to leave the market in the future.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.he player....
(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. Araneta III.“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....
While Vera & John have not officially stated why they are moving out of the country, it seems that they are getting a head start before the new gambling laws are put into effect. All of it. 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”....
