{"id":777007878,"date":"2023-08-03T06:35:12","date_gmt":"2023-08-03T09:35:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007878"},"modified":"2026-04-22T19:23:01","modified_gmt":"2026-04-22T22:23:01","slug":"pagcor-introduces-new-regulatory-framework-for-offshore-gaming-operators","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-introduces-new-regulatory-framework-for-offshore-gaming-operators","title":{"rendered":"PAGCOR introduces new regulatory framework for offshore gaming operators"},"content":{"rendered":"\n

PAGCOR will require all licensees and service providers to re-apply for licences.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0The Philippine Amusement and Gaming Corporation (PAGCOR)<\/strong>\u00a0has unveiled a new regulatory framework for offshore gaming companies. It says the move is part of a coordinated inter-agency effort\u00a0to address concerns about the sector. <\/strong><\/p>\n\n\n\n

PAGCOR’s assistant vice president for offshore gaming licensing, Jessa Fernandez<\/strong>, unveiled the new framework’s key provisions during a Senate Committee Hearing on August 2, 2023, All offshore gaming licensees and service providers have been placed under probationary status. They will need to reapply for permits by September 17<\/strong>.<\/p>\n\n\n\n

See also:<\/strong> Filipino senators urge president to ban online gambling<\/a><\/p>\n\n\n\n

Fernandez stated: \u201cIn the present framework, all Service Providers who are accepting bets are required to apply for a licence. We will also evaluate the beneficial owners of these companies so that they will be held liable in case they are found to be involved in any illegal activity.<\/p>\n\n\n\n

\u201cEntities with findings of activities outside their granted license or accreditation will not be granted a license under the new framework. Likewise, licensees or service providers who shall not re-apply or were granted license within the given period shall be endorsed for cancellation.”<\/p>\n\n\n\n

PAGCOR says it has been collaborating with various government and law enforcement bodies\u00a0to streamline oversight. It plans stricter penalties for breaches of rules, intensified inspections, compliance verifications and closer coordination with enforcement agencies.<\/p>\n\n\n\n

See also: <\/strong>POGOs generated US$160.78m in taxes in 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PAGCOR will require all licensees and service providers to re-apply for licences.<\/p>\n","protected":false},"author":176,"featured_media":19174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Philippine Amusement and Gaming Corporation (PAGCOR) has implemented a new regulatory framework for offshore gaming companies, placing all existing licensees and service providers on probationary status. These entities are mandated to re-apply for licenses by September 17, 2023, under stricter compliance, beneficial ownership scrutiny, and enhanced enforcement measures. Non-compliant entities or those failing to re-apply will face license cancellation.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Jessa Fernandez","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.95), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Impact on POGO Revenue","query":"What is the projected impact of PAGCOR's new licensing framework on the aggregate Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) generated by Philippine Offshore Gaming Operators (POGOs) in the next 12-24 months?"},{"label":"Beneficial Ownership Scrutiny","query":"How will PAGCOR's enhanced beneficial ownership evaluation process integrate with existing AML\/CFT frameworks, and what specific documentation or due diligence standards will be required from re-applying entities?"}],"footnotes":""},"categories":[156,16333],"tags":[23911,405],"class_list":["post-777007878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-south-east-asia-news","tag-gambling-regulation","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007878"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007878\/revisions"}],"predecessor-version":[{"id":777007898,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007878\/revisions\/777007898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19174"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}