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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”. Ongpin sold his shares to Gregorio Ma.e casinos there in the past, prior to Pagcor’s take-over of the revenue stream....

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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. Araneta III. The game was pulled after only about 15 percent of tickets had been sold....

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In the first instance of the game, only 64 percent of tickets were sold. At that time, due to no major prize winners, the return was only a little over 60 percent., 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....

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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 run a state lottery, rather than the state itself, when Illinois granted a contract to the long time rivals, working together as Northstar in 2011., 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....

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Although unrelated to Northstar, in August 2015 we reported that a state budget impasse was keeping any lottery jackpots from being paid out – that situation continued until a December 2015 bill authorized billion to fund the lottery. The consortium failed to deliver promised profit margins to the state. The base game may return as low as 85% to players in smaller prizes, while the massive multi-million dollar progressive being awarded might bring the overall RTP up to 95%....