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PhilWeb appoints Tonet Quiogue as independent director after board changes

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PhilWeb appointed lawyer Marie Antonette “Tonet” B. Quiogue as an independent director, with the changes taking effect on 5 March. The company said its board also accepted four directors’ resignations in connection with obligations under a share purchase agreement involving Gregorio Araneta Inc., Nexora Holdings Inc. and Velora Holdings Inc.

The appointments and departures change the board and governance committees of a Philippine gaming technology company.

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Arden urges Philippine statute to secure online gaming rules

Arden Consult founder and chief executive Toney Quiogue has called for the Philippines to pass a statute governing online gaming, arguing that the current framework relies largely on PAGCOR’s charter and issuances. Quiogue said legislation should define licensable activities, fees, offences and enforcement powers, including measures against illegal payment processing.

Arden Consult founder and chief executive Toney Quiogue has called for the Philippines to pass an online gaming law to reduce the risk of a sudden industry ban, in a paper on a global legal platform. Quiogue said the absence of a statute was the country's most important regulatory gap and that recent reforms could be reversed.

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