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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. For the price of a ticket, two random players were promised a chance to win ,000 per year for 30 years, or million each.Some millioslots of fun in vegas kolsn in smaller prizes had been awarded when the game was pulled, but two behemoth jackpots stayed unsold or at least unclaimed....
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.“The one who gets appointed to PEZA (Philippine Economislots of fun in vegas kolsc Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said.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 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.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.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming....
(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. Plaza pointed out that Lam was not operating in a zone administered by Peza, but in the Clark Freeport Zone, which is administered by Clark Development Corp. 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”....
After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming. (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....
