Absolutely! Established in 2016, the Philippine Amusement and Gaming Corporation (PAGCOR) oversees both offshore and land-based gaming activities within the Philippines.
For any operator to conduct gaming activities within the country, they must undergo a rigorous licensing process and fulfill all necessary requirements, including the payment of associated fees. Once licensed, operators are expected to adhere to PAGCOR’s guidelines and prioritize the protection of Filipino players’ interests.
It’s worth noting that the Philippines stands out in Asia as the sole country that grants licenses to online operators, and the regulatory framework is notably stringent. Consequently, many of the premier casinos in the Philippines operate offshore.
As part of its mandate, PAGCOR is committed to eradicating illegal gambling operations from the country, particularly those existing prior to 2016. Key components of this mission include:
– Licensing of Online Casinos in the Philippines
– Oversight by Government Agencies
– Promotion of Responsible Gambling and Ensuring Safety Measures