Online gambling firms employ thousands of mainland Chinese Clear-cut rules to benefit online gaming operators - regulator (Adds comments from gaming regulator)
MANILA, Feb 8 (Reuters) - The Philippines’ lower congressional chamber on Monday passed a bill imposing taxes on online gambling firms, as the Southeast Asian nation seeks funds to recover from the coronavirus pandemic.
Online gambling companies, known as Philippine offshore gambling operators (POGOs), offer online betting to customers in mainland China, where gambling is banned.
In 2019 President Rodrigo Duterte rejected China’s call to ban such firms, which have fuelled property demand and retail spending in the Philippines since 2016, saying the Southeast Asian nation needed the jobs and fees they generated.
By Reuters Staff
(Adds background)
Feb 5 (Reuters) - Northern Dynasty Minerals Ltd said on Friday that its wholly-owned Pebble Limited Partnership and the unit’s former chief executive officer had been served with subpoenas.
The subpoenas to produce documents is related to a grand jury investigation apparently involving recordings of private conversations regarding the Pebble mine project.
Tom Collier, CEO of Pebble Limited Partnership, the company trying to develop Alaska’s Pebble Mine project, had resigned in September after his comments on elected and regulatory officials in the U.S. state were covertly videotaped and released by an environmental activist group.
3 Min Read
(Reuters) - Ladbrokes owner Entain named non-executive director and industry veteran Jette Nygaard-Andersen as its chief executive officer on Thursday, making her the first woman to lead a UK gambling company.
FILE PHOTO: General view inside a Ladbrokes shop in Harpenden, Britain, March 18, 2020. REUTERS/Peter Cziborra
Outgoing CEO Shay Segev announced his intention to quit, to take up a job at global sports streaming platform DAZN, days after rejecting an $11 billion takeover approach from MGM Resorts’ just after seven months in the role.
Nygaard-Andersen takes on the role at a time when Entain is evolving into an entertainment company and she will be tasked with steering the firm towards regulated markets, expanding in the lucrative United States sports betting market and boosting its online offerings.
Casino operator MGM Resorts International on Tuesday scrapped plans to buy Ladbrokes owner Entain, saying it does not intend to submit a revised proposal for the British firm that snubbed an $11 billion takeover approach earlier this month.
Ladbrokes owner Entain Plc is in advanced talks to appoint Jette Nygaard-Andersen as its next chief executive, Sky News reported on Thursday, citing people close to the company.