Gambling News 03rd July, 2016

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PENNSYLVANIA GOVERNOR SITS ON BUDGET BILL (Update)

03rd July, 2016 at 08:28:28
Legislative teams now have to convince the governor that their budget bill can be afforded.

Pennsylvania governor Tom Wolf has so far declined to sign off on the $31.5 billion budget bill sent to him by the state Legislature mere hours before the budget deadline Friday (see previous report), insisting that he will not sign it without being convinced that there are sustainable funding revenues in prospect.

Full Story: Pennsylvania Governor Sits On Budget Bill (update) »

EURO 2016 FOOTBALL CAUSES MAJOR ONLINE BETTING SPIKE IN CHINA

03rd July, 2016 at 08:28:28
Despite multi-million dollar busts by the polkice, Chinese punters continue to find a way to wager.

The Euro 2016 football championship in Europe continued to generate intense Chinese betting interest this week as the quarter finals approached, creating a spike in illegal online gambling despite major police gambling ring busts and crackdowns on suspected gambling activity by technology and ecommerce giants Alibaba and Ten Cent.

Full Story: Euro 2016 Football Causes Major Online Betting Spike In China »

CURACAO QUICK TO OFFER AN ALTERNATIVE LICENSING OPTION TO PHILIPPINES ONLINE GAMBLING OPERATORS (Update)

03rd July, 2016 at 08:28:28
Fast reaction to Philippines president Duterte's directive on internet gambling as Curacao company tries to poach licensees.

The Cabinet statement by new Philippines president Rodrigo Duterte this week that he wants to see an end to online gambling and licensing activities by PAGCOR (see previous report) prompted the licensor to impose a moratorium on further licensing and sent local gambling company shares reeling....but it also created a competitive advantage for Caribbean licensor Curacao...and its associated service provider Fast Offshore.

Full Story: Curacao Quick To Offer An Alternative Licensing Option To Philippines Online Gambling Operators (update) »