The Philippine Amusement and Gaming Corporation (PAGCOR) has introduced a new regulatory framework for offshore gaming licensees.
PAGCOR has introduced a new regulatory framework to address illegal activities linked to offshore gaming operations in the Philippines.
PAGCOR’s Assistant VP for Offshore Gaming Licensing, Jessa Fernandez, expressed in a recent Senate Committee Hearing that under the new framework, all licensees and service providers were declared under probationary status and were directed to re-apply until 17 September 2023.
The new regulatory framework has been in effect since July 2023.
Fernandez said: “All service providers who are accepting bets are required to apply for a licence.”
Furthermore, she also stated that PAGCOR will evaluate the owners of operators, and will hold them liable if they are involved with any illegal activity.
PAGCOR has introduced a new regulatory framework to address illegal activities linked to offshore gaming operations in the Philippines.
PAGCOR’s Assistant VP for Offshore Gaming Licensing, Jessa Fernandez, expressed in a recent Senate Committee Hearing that under the new framework, all licensees and service providers were declared under probationary status and were directed to re-apply until 17 September 2023.
The new regulatory framework has been in effect since July 2023.
Fernandez said: “All service providers who are accepting bets are required to apply for a licence.”
Furthermore, she also stated that PAGCOR will evaluate the owners of operators, and will hold them liable if they are involved with any illegal activity.