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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”. 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”.A PhilWeb Corp....

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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 dollar amount. The Tribute quoted Senate President John Cullerton as saying, “If the players are not treated fairly, then they’ll stop buying it, and then we’ll lose money,” said Cullerton., 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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In July 2016, it was reported that Illinois was seeking a new private firm to manage the state’s lottery. According to the Tribune report, only 49 percent of the second gIn the case of The Good Life, “approximate odds” were met, according to a statement attributed to IGT by the Tribune....

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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%. In the first instance of the game, only 64 percent of tickets were sold. September 2015 saw reports that an agreement had been reached to end Northstar’s contract with the state due to not meeting profit projections....

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