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Araneta III.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....
Ongpin sold his shares to Gregorio Ma.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.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....
”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.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., 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....
It seems most online gaming operators who feel they would be affected by the changes in gaming law will remove themselves as to avoid any penalty. (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.he player....
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 Federal government is currently accepting reviews of the gaming provisions of the country and this could significantly change the way online gambling takes place in the country.“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....
