In its ongoing crusade against unlawful practices, the Philippine Amusement and Gaming Corp. (Pagcor) has initiated a probationary period for both license holders and service providers engaged in offshore gaming.
According to a statement released by Pagcor, offshore gaming operators have been granted until September 17, 2023, to initiate the process of reapplying for their licenses.
As part of the existing framework, Pagcor emphasized that all service providers involved in accepting bets are mandated to undergo a licensing procedure.
The assessment will also extend to scrutinizing the identities of the beneficial owners of these entities, ensuring they can be held accountable should their involvement in any illicit activities come to light.
“Our aim is to ensure that those found engaged in any unlawful undertakings can be held fully responsible, including the beneficial stakeholders of these enterprises.” Pagcor Assistant Vice President for Offshore Gaming Licensing Atty. Jessa Fernandez said. (AI/MNM)