Philippines gaming regulator PAGCOR says it will put greater focus on the evaluation of the beneficial owners of offshore service providers and hold them liable in instances where their companies are found to be engaging in illegal activities.
Details of the agency’s new regulatory framework for offshore gaming were presented to the Senate Committee Hearing on Wednesday, with PAGCOR’s Assistant Vice President for Offshore Gaming Licensing, Atty. Jessa Fernandez, confirming that all licensees and service providers must re-apply for licenses by 17 September 2023.
As recently reported by IAG, PAGCOR is putting all existing POGO licensees and service providers under a probationary stance that will require them to reapply for licenses as it looks to clean up the county’s offshore online gaming industry.
