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Recently, there has been speculation that the Philippine Amusement and Gaming Corporation (PAGCOR), which regulates gaming and operates casinos in the country, should have its role changed. There¡¯s the possibility that it could be split up with the introduction of a dedicated and exclusive gaming regulator.
Betting may provide both financial and emotional benefits. However, the trend related to gambling¡¯s rising popularity will never fade. People will always be interested in playing slot machines and placing wagers on sporting events.
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Big Time Gaming was launched in 2011 and worked successfully for about five years before leaving its huge mark on the industry. In 2016, the slot Bonanza, featuring the now insanely popular Megaways mechanics, was released. The game became an instant hit, and players couldn¡¯t get enough of the creative Megaways concept. Big Time Gaming now boasts a rich portfolio of equally entertaining games, with and without the famous mechanic. Big Time Gaming has partnered with numerous other studios, so other companies release slots with the branded Megaways feature. It was also acquired by Evolution in 2021, so it¡¯s a sister company to the previously mentioned NetEnt.
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With at least 30 operators expected to apply for those seven licenses, commission officials worry what will happen to dozens of operators that may qualify for temporary licenses. Those would last up to a year and cost the companies a $1 million fee each. After taking bets in Massachusetts, the companies would likely have to shut down once the seven official mobile-only licensees are chosen.
"When you see top-level athletes and actors promoting these brands ¡ª and we're talking about the Michael Jordans, the Jamie Foxxes of the world, that are well known to kids ¡ª that's of some dramatic concern," Warner contended.