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Ongpin sold his shares to Gregorio Ma. Ongpin sold his shares to Gregorio Ma. Andrea Domingo said an executive order would soon be issued to settle the matter and that only unlicensed online gaming businesses will be shut down, with all online licenses in the future going through Pagcor....
”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.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming.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.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. 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”....
“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.”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.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....
Yesterday, the Philippine Amusement and Gaming Corp.After signing a budget funding bill on Thursday, December 22, Duterte announced, “I am ordering the closure of all online gaming.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....
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