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“We wish to assure the President that his policy of not registering online gaming or online gambling in PEZA will not change and will continue as PEZA is one with the President in his conviction that any form of online gaming or online gambling will not benefit the country and the Filipino people,” said Plaza.“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.A PhilWeb Corp....

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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., 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.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....

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Although the odds of winning on any ticket were the same for the first, last, and any unsold tickets – one game, The Good Life, should have seen 78 percent of revenue returned to players in prize money.In the case of The Good Life, “approximate odds” were met, according to a statement attributed to IGT by the Tribune.Northstar Lottery Group became the first private firm in the United States to r...

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Some million in smaller prizes had been awarded when the game was pulled, but two behemoth jackpots stayed unsold or at least unclaimed. The game was pulled after only about 15 percent of tickets had been sold. Those prizes were never awarded....

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Those prizes were never awarded.A PhilWeb Corp.Northstar Lottery Group became the first private firm in the United States to r...