Ongpin's Latest Move On Philweb Shares (update)

Now wants government to accept his shares as a donation to build Philippines problem gambling centres

Following the rejection of his offer to donate 49 percent of his majority shareholding in Philweb to Pagcor, former Philweb chairman Roberto Ongpin has now offered the Philippines government the shares to be used to build a nationwide network of problem gambler rehabilitation centres.
When we went to press there had been no direct response from to his offer.
When the market closed Friday Philweb shares had descended further and are now down almost 70 percent in value over the past month, which has seen Pagcor refusing to renew the company's licensing.
On Friday Andrea Domingo, the head of Pagcor, reiterated her earlier statement supporting the government's antipathy to online gambling, saying:
"We will not issue new licenses and we will not renew expired licenses in both e-bingo and e-games."
Friday also saw the shares of Leisure and Resorts World Corp. plunge 21 percent.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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