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PAGCOR - The Philippine Amusement and Gaming Corporation
PAGCOR is a regulatory agency that oversees both online and land-based casinos in the Philippines. It issues licenses to casino operators and oversees their operations, as well as responsible gaming programs. While it is not a government agency, it is responsible for ensuring that players' rights are protected.
PAGCOR regulates both land based and online casinos in the Philippines

PAGCOR is the regulatory agency that oversees both land-based and online casinos in the Philippines. Its primary focus is to ensure fair and responsible gaming, and to prevent corruption and money laundering. It also works to protect the rights of players, especially minors and the vulnerable.

PAGCOR regulates all games of chance in the Philippines. This includes privately owned casinos, integrated resorts like Entertainment City and other tourist destinations, and electronic bingo outlets. These operations are widespread throughout the country and house nearly 26,000 electronic bingo machines, as well as more than 200 e-gaming cafes with 50-100 machines each.

While PAGCOR regulates online casinos, it is not required to license companies that are not based in the Philippines. In fact, PAGCOR works with local firms to promote responsible web-based gambling in the Philippines. This strategy has been instrumental in creating the foundation for web-based gambling in the country. In addition to providing an outlet for local gaming enthusiasts, Internet gambling has also stepped in to supplement income that was lost by land-based establishments during the recent pandemic.
License application fee for pagcor slot licensees

The Philippine Amusement and Gaming Corp. (PAGCOR) is the regulatory and operator of the gaming industry in the Philippines. Its charter authorizes it to regulate and license gaming establishments and import items necessary for the gaming industry. Upon achieving license, a licensee may begin offering casino games at a land-based establishment or online. To qualify for a license, applicants must meet PAGCOR's licensing standards.

pagcor slot In order to obtain a PAGCOR license, applicants must pay P40,000 as license application fee. The first year's fee is $48,000; and the fee for renewal is $60,000 per year. This licensing fee is paid to the PAGCOR, the agency responsible for regulating and licensing gambling businesses and allied businesses. Only PAGCOR-licensed gambling businesses are allowed to operate in the country.

PAGCOR's gross revenue from licensing online casinos in the country reached P60 billion in 2017. The company attributed the money to licensing online casinos. It also has been in contact with Facebook, which generates advertising revenue from the operations of online casinos.
Monitoring of online casinos by PAGCOR

PAGCOR, the Philippine Amusement and Gaming Corporation, monitors online casinos for compliance with its regulatory standards and ensures that they are fair and safe to play in. The organization requires that licensed online casinos use special software in order to prevent cheating and fraud and to track player activity. This information is useful in identifying problems and fraudulent activities.

PAGCOR does not license every company to operate online casinos. However, it does approve companies that are based in the Philippines. This way, PAGCOR creates a solid foundation for web-based gaming in the Philippines. Despite the fact that it has a small number of online casinos, these casinos provide a steady flow of income to the government.

PAGCOR monitors online gambling and issues licenses to online casinos that adhere to their operating plans and regulations. In addition to overseeing the industry, PAGCOR also conducts routine inspections of casino facilities. This helps casinos maintain a sustainable presence in the Philippines.
Read More: https://ibosport.com/pagcor-slot/
     
 
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