Uncategorized
PAGCOR Terminates Contract with POGO Auditor
The Philippine Amusement and Gaming Corp. (PAGCOR) has announced that it has decided to terminate its consultancy contract with Global ComRCI, which served as a third-party auditor for licensed offshore gaming operations. The regulator cited “unlawful acts” as a reason for its decision and said it had issued a notice to terminate the contract after “careful investigation”.
PAGCOR has endorsed the matter to the Office of the Solicitor General for potential legal action. In the absence of an external auditor, it will temporarily undertake auditing functions for its offshore licensees until it can contract another third-party auditor. It promises a transparent bidding process.
Senator Sherwin Gatchalian had questioned PAGCOR over its hiring of Global ComRCI as an external auditor for POGOs after a New York-based bank denied issuing the certificate that helped the firm win its PHP6bn contract.
Gatchalian had called for the regulator to terminate the contract as soon as possible. Since September of last year, PAGCOR’s new management has been reviewing existing contracts, including the one with Global ComRCI.
PAGCOR plans to restitute over PHP800m ($16.5m) of the partial amount released to Global ComRCI prior to the current administration’s assumption and claim damages. Global ComRCI will have the opportunity to be heard under the principle of due process.
The regulator said: “PAGCOR would like to reiterate that contrary to previous reports, it has not yet paid the contract amount of PHP6bn to Global ComRCI. Moreover, no payment has been made by PAGCOR in the past four years due to the shortfall from the minimum revenue stipulated in the contract.”
It added: “PAGCOR is firm in its commitment to uphold the integrity of the gaming industry in the country so that all revenues from regulated gaming will continue to support the government’s nation-building efforts and uplift the lives of Filipinos.”
Powered by WPeMatico
Bingo Paradise, a prominent UK iGaming affiliate, has announced its most successful quarter ever, achieving record growth during Q3 2024. The portal saw an unprecedented rise in first-time depositors (FTDs), a testament to its commitment to delivering value to players and operators in the highly competitive iGaming space.
“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”
Bingo Paradise achieved a 65.24% year-over-year increase in FTDs compared to Q3 2023. This impressive growth underscores the affiliate’s focus on player-first strategies, such as creating honest, well-researched reviews that empower users to make informed decisions. The team’s compliance manager ensures every piece of content adheres to strict regulations, building trust with both players and operators.
A key factor in the platform’s success is its ability to negotiate exclusive offers with UKGC-licensed operators. These partnerships allow Bingo Paradise to provide unique deals that resonate strongly with players, enhancing its appeal as a go-to player resource. The focus on promoting only licensed operators also ensures fairness and security for users, which further solidifies the portals reputation.
The brands approach is a model of integrity and innovation. By prioritising compliance and transparency, Bingo Paradise, which itself is owned by Meteor Marketing Ltd has positioned itself as a trusted affiliate partner, both for operators seeking reliable collaborations and for players looking for guidance in the iGaming world. As the platform celebrates its Q3 2024 achievements, it remains committed to exploring new opportunities and maintaining its high standards.
Eagerly anticipated release now confirmed following a highly successful exclusivity period with Rush Street Interactive
Play’n GO has today announced the official US release of its hit title Colt Lightning Firestorm, following a three-week period of exclusivity with Rush Street Interactive brands BetRivers and SugarHouse.
Colt Lightning Firestorm was released in Europe and other jurisdictions in May 2024, and its release in the US comes with much fanfare following the game’s rave reviews in its short exclusivity period. The game is a sequel to the wildly popular Colt Lightning game which was released early last year, and indications at this stage suggest that this sequel may prove even more successful.
This announcement sees Colt Lightning Firestorm available to players in each state and operator with whom Play’n GO is licensed. Play’n GO first entered the online casino market in the US in 2022, and has reiterated its commitment to becoming active in every regulated market around the world.
Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re excited to unveil Colt Lightning Firestorm to the wider online casino gaming community in the US, and have been very pleased to see its strong performance during its exclusivity period with Rush Street Interactive. We had high hopes for the game following the success of its predecessor, and we’re confident that these robust results will continue now that the game is available to an even bigger audience.”
-
FreezeNova7 days ago10-15% Of Gamers In Florida Show Signs Of Gaming Addiction: Here Are 10 Signs Your Kid Is Suffering From It (And How You Can Help)
-
Balkans7 days ago
Amusnet Expands Balkan Presence Through Strategic Partnership with mbet.ba
-
Compliance Updates7 days ago
UKGC Appoints Charles Counsell OBE as Interim Chair
-
Latest News7 days ago
Sportzino Celebrates its First Anniversary
-
Compliance Updates7 days ago
SYNOT Games Secures Danish License
-
Compliance Updates7 days ago
Stakelogic Secures License to the newly regulated Danish market
-
Latest News7 days ago
Discover the Wealth of Legends: ELA Games’ Adventurous New Mythological Title
-
Bally Bet Sportsbook & Casino app7 days ago
Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario
