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Orient Capital Ventures Inc (OCVI), based in Manila, recently secured a license from PAGCOR to operate a sportsbook and selected iBroker from Global Betting Exchange (GBE) as its sportsbook software. OMVI operates as a subsidiary of AsianLogic Limited which is one of the leading online and land based gaming operators in the Asia Pacific region. GBE is an Irish-based provider of online exchange and sportsbook software and regards its partnership with OMVI as a huge endorsement of its iBroker product and its own global operational abilities. GBE will deliver a full sports betting solution to OCVI including retail, telephone and SMS betting services. The retail portion of the operation is being introduced to OCVI outlets and its local operating partners under the 'MegaSportsWorld' brand. The new sportsbook passed its biggest test so far last weekend with flying colors. The huge number of one-sided bets wagered on the Pacquiao-Cotto fight was apparently handled by the system without a hitch.
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The Philippines is home to some of the most positive news in the global gambling industry. With surging earnings, rising profits and an online gaming industry that is rapidly gaining momentum, things are certainly looking up. Top companies posting strong results Leading the charge is a local Philippines gambling company named PhilWeb Corp. News from their head office suggests that the firm is expecting P 1 billion in earnings in 2010. This strong showing is in response to wise investments in 2009. PhilWeb Corp reflected over P550 million in earnings in 2009 - an 89% spike from their 2008 figures. The company is a top player in the i-Gaming sector and enables Pagcor's (Philippine Amusement and Gaming Corp.) e-Games café system and Sports Betting Stations to function. PhilWeb Corp is looking to expand into the Acentic network - a German corporation - comprising over 200,000 rooms, and partner with ISM in developing Acentic's strategic reach into Asia. The Philippine Lotto posts stellar returns The online lottery system provider of the Philippine Charity Sweepstakes Office in Visayas and Mindanao reported that their total sales rose 18.5% to P7.69 billion in 2009. The jump of P1.2 billion from 2008 figures is largely due to the large-scale development of lotto outlets. The number of betting terminals reached 1,748 in 2009 from a modest 1,500 in 2008. But Keno sales are up too, making the Philippines a true juggernaut in global online gambling circles. Keno sales of PCSO rose sharply from P32.3 million in 2008 to P88.67 million in 2009. Super Lotto Winner Nabs the Loot Meanwhile back in Manila, a bettor from Luzon correctly predicted the winning combo of the 6/49 Super Lotto and as a result pocketed its P111 million jackpot. He guessed all 6 numbers - 15-27-17-37-18 and 11.
PhilWeb Corp. expects 2010 to be a bumper year. The local high flyer online gambling corporation provides the technology for the Philippine Amusement and Gaming Corp, operates Pagcor's e-Games café system and also has various online sports betting concerns. In a positive statement to start the year, PhilWeb announced they expect to earn a remarkable P1 billion in earnings throughout 2010. 2009 Expansion Pays Off 2009 saw PhilWeb's income boom a staggering 89% from the previous year, mainly due to gaming operations which grew an incredible 126%. PhilWeb opened 50 new Pagcore e-Games cafes in 2009 as well as a new Bid Wars mobile game. The e-Games cafes started out in 2006 and cater for locals who want to play a variety of online card games, video poker and slots in a comfortable and friendly atmosphere. The Pagcore computers currently offer players 130 games and are proving a popular venue for Philippinos. Local Economy Boost "We had an excellent 2009 but are even more excited about our prospects in 2010," PhilWeb president Dennis Valdes said in his statement. Having made astute investments in 2009 and with 2010 seeing the domestic economy beginning to recover, it is great to see a local company enjoying the fruits of their labor and themselves providing a local boost to the economy.
The Philippines is indeed a unique case amongst the restricted online gambling countries. While online gambling operations are legally inaccessible to private operators, the state-run operator PAGCOR is given carte blanche to provide online games. PAGCOR delivers time and again Increasing discontent among players in the Philippines about the rather limited online gambling variety currently available has finally struck a chord. Now PAGCOR has announced plans to roll out a series of new online gambling games with a brand new portal E-Games Online. The newly completed site is the brainchild of PhilSeb Homeplay Inc - a Philippines-owned company. Indeed the state-run monopoly on online gaming is held by PAGCOR. Now it appears that PAGCOR is seeking to expand its product range to its legally admissible public. Many online casinos, but not for locals Pundits would be forgiven for assuming that players from the Philippines have access to many online casino sites. Indeed there are many sites but locals are prohibited by law from accessing them. Their purpose is only to serve foreign markets. PhilWeb sports a large network of electronic gambling cafes across the Philippines. While Filipinos are allowed to access offshore online gaming sites, they are prevented from accessing local online gambling sites. The move by PAGCOR to host E-Games Online is a bold attempt to lure back domestic traffic. Local appeal of E-Games Online E-Games Online appeals to Filipino players because it accepts local credit cards and has offices located throughout the country where deposits can be made. But players are curious about foreign operators since there is a whole world of gaming variety beyond the borders of the Philippines.
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The Philippines won't be appearing in the World Cup, but the tournament and powerhouses Brazil, Spain and England will still prove popular with locals. As a short preview to the tournament, which begins June 11, we offer you a preview of group and head-to-head odds featuring the three World Cup favorites. The odds of Spain getting by Switzerland, Chile and Honduras to win Group H are a little too tight to tempt prospective bets, but the 1.80 odds on La Roja racking up seven goals or more in its three group fixtures are certainly more enticing, as are the 1.75 odds on the European champs beating England in the goals for tally in the group stage. England also faces what is considered a relatively easy task in Group C, with Bwin offering odds of 3.00 on it winning all three games against the United States, Slovenia and Algeria for a total of nine points. Five-time champions Brazil face a more difficult challenge in Group G, with big shots Portugal and Ivory Coast to contend with, as well as outsiders North Korea. Brazil is 1.75 to win the group, ahead of Portugal, 4.25, and North Korea, 5.00. For something a little more adventurous, Bwin is quoting 1.90 on the team scoring seven or more goals in its group matches.
Microgaming, a world leader in online gaming software, has signed a deal with PhilWeb Corp's online casino brand Vibrant Vegas to launch online games through the Philippines Amusement and gaming Corporation's (PAGCOR) e-Games café network. Under the new deal, PhilWeb, the main provider for the Philippines' state-owned gaming company, will have access to the more than 450 online games provided by Microgaming, as well as its behind-the-scenes support services. PhilWeb CEO Dennis Valdes said his company believes no other provider comes as close to delivering the best gaming content as Microgaming does. "Our gaming operations are currently going from strength to strength and we are delighted to be delivering a new casino platform to the market," he said. PhilWeb reported a 42 percent increase in its intake earlier in 2010, after recording overall revenue of PHP 239m in the first quarter of 2010 following the launch of the Philippine's first ever online casino, eGamesonline.com.ph, by PAGCOR. Aside from its online activities run in conjunction with PhilWeb, PAGCOR also operates 13 land-based casinos across the country, plus 28 satellite casinos, 24 VIP clubs, 4 arcades and 36 licensed poker rooms. Microgaming operates some of the leading online casinos, including Gaming Club Casino and others.
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