MANILA, Philippines — Lottery equipment provider Pacific Online Systems Corp. has scrapped a deal to acquire a 37.5-percent stake in online casino systems and platform provider HHR Philippines Inc. (HHRPI) amid a tougher regulatory regime. This was after the national government adopted a tighter policy on the licensing of online betting platforms. READ: Pagcor: Moratorium on new online gaming licenses since March 2024 In a disclosure on Thursday, the publicly-listed firm led by businessman Willy Ocier said Pacific Online and HHRPI had “mutually agreed to revisit their investment arrangement and unwind the same,” effectively halting the previously announced transaction. READ: […]... Keep on reading: Pacific Online withdraws from online casino buy-in deal