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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.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming.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....
“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.Northstar Lottery Group, majority owned by world lottery heavyweight IGT in association with Scientific Games Corp is being questioned about instant win games that didn’t deliver the promised return to player percentages (RTP) due to the games being pulled before enough tickets were sold to award major prizes.”On the December 24, the Philippine Star reported that Justice Secretary Vitaliano Aguirre II has said that Duterte may haslots of fun speedway ckspve only been referring to online firms that break the law in his Thursday announcement....
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. 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.”On the December 24, the Philippine Star reported that Justice Secretary Vitaliano Aguirre II has said that Duterte may haslots of fun speedway ckspve only been referring to online firms that break the law in his Thursday announcement....
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.Northstar Lottery Group, majority owned by world lottery heavyweight IGT in association with Scientific Games Corp is being questioned about instant win games that didn’t deliver the promised return to player percentages (RTP) due to the games being pulled before enough tickets were sold to award major prizes.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....
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. It has no use. – part of the Bases Conversion and Development Authority....
