PAGCOR - The Philippines Gambling Commission
The Philippines Gambling Commission, better known as Pagcor is a government agency tasked with promoting responsible gambling and generating revenue in the country. It licenses casinos and physical gambling facilities, collects fees from licensed operators and taxes and provides a framework for the industry to follow.
Its vision is to make the Philippines a top gaming and entertainment destination in the Association of Southeast Asian Nations (ASEAN) region and generate revenues for socio-civic projects by 2020. The corporation is run by a board of directors and governed by a charter Pagcor licensed casino.
In addition to
operating land-based casinos, PAGCOR also licenses offshore gambling sites
through its Philippine Offshore Gaming Operators (POGO) legislation. These
websites operate mainly for international players and are popular in Chinese,
Korean and Vietnamese markets.
Several criminal acts
have been linked to offshore gambling operations. For example, a number of
people have been kidnapped and forced to work in slavery for their gambling
profits, and the continued existence of these businesses has caused a lot of
friction between the Philippines and China.
To protect players,
PAGCOR has implemented a number of security measures. It monitors online
casinos and makes sure that they are following all laws, regulations and codes
of conduct in the country. It also regularly audits the operations of its
licensed sites to ensure that they are complying with all of the requirements
of the industry.
It is important to
choose a site that has the PAGCOR logo on its homepage and footer, as these are
the only legally operating sites in the Philippines. These are the most reliable
and safe sites to play at and will have the latest SSL encryption and HTML5
protections in place.
PAGCOR is a state-run
agency that operates and regulates a wide range of activities in the
Philippines including licensed casinos, bingo parlours and e-games cafes. The
company is a member of the Association of Asia-Pacific Regulatory Authorities
(APRA) and aims to increase the country’s international reputation as a
world-class gambling destination by 2021.
The PAGCOR website
states that the agency is a "responsible and responsive partner of the
Philippine government in its nation-building programs." Its mission is to
create an environment that propels the development of the Filipino gaming and
entertainment industry while generating revenues for its social welfare and
tourism purposes.
RA 9487 was enacted
by Congress in 2007 and extended the life and rule of PAGCOR for another 25
years. This Act also mandated that PAGCOR obtains permission from territorial
governments before choosing locations for its casino and gaming operations.
This law helped to
ensure that PAGCOR stayed out of areas that were deemed undesirable by local
authorities. In addition, it allowed the company to enter into joint ventures
with other companies in order to expand its operations.
Since RA 9487 was
passed, the Philippines has become one of the fastest growing countries for
online gambling. It now has an estimated 617 eBingo and 270 online casinos,
along with 106 sportsbetting sites that have been licensed by PAGCOR.
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