{"id":777008108,"date":"2023-08-11T07:54:18","date_gmt":"2023-08-11T10:54:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008108"},"modified":"2026-04-22T19:07:46","modified_gmt":"2026-04-22T22:07:46","slug":"new-pagcor-egm-standards-to-take-effect-in-january-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/new-pagcor-egm-standards-to-take-effect-in-january-2024","title":{"rendered":"New PAGCOR EGM standards to take effect in January 2024"},"content":{"rendered":"\n

The new standards aim to improve the fairness, security and reliability of EGMs in PAGCOR-regulated casinos.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0The Philippine Amusement and Gaming Corporation (PAGCOR)<\/strong>\u00a0has announced that updated Technical Standards for Electronic Gaming Machines (PTS-EGM) will come into effect on January 1, 2024.\u00a0The new standards,\u00a0PTS-EGM<\/strong> version 1.1<\/strong>, aim to address evolving industry needs and enhance player protection. <\/p>\n\n\n\n

PAGCOR said the primary objective was to maintain the accuracy and reliability of EGM operations, ensuring correct payouts for players. PAGCOR specified that shipment requests for EGMs compliant with the current standards (PTS-EGM v1.0) will be accepted until June 30, 2024.\u00a0Those for non-PAGCOR casinos will be accepted until December 31, 2023.<\/p>\n\n\n\n

It’s been almost a decade since the last update to the EGM standards. In Macau, a standards update has also been initiated but will not come into full effect until 2026.<\/p>\n\n\n\n

A week ago, the regulator unveiled\u00a0a new regulatory framework for offshore gaming companies<\/a>. It says the move is part of a coordinated inter-agency effort to\u00a0address concerns about the sector.<\/strong><\/p>\n\n\n\n

PAGCOR\u2019s assistant vice president for offshore gaming licensing, Jessa Fernandez<\/strong>, unveiled the new framework\u2019s 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>POGOs generated US$160.78m in taxes in 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The new standards aim to improve the fairness, security and reliability of EGMs in PAGCOR-regulated casinos.<\/p>\n","protected":false},"author":176,"featured_media":777004926,"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) is implementing updated Technical Standards for Electronic Gaming Machines (PTS-EGM v1.1) effective January 1, 2024, to enhance fairness and player protection. Concurrently, PAGCOR has introduced a new regulatory framework for offshore gaming companies (POGOs), placing all licensees on probationary status with a reapplication deadline of September 17.","focusai_entities":"Philippine Amusement and Gaming Corporation, PAGCOR, Jessa Fernandez","focusai_location":"Philippines, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.95), affiliate_publisher (0.7), product_ux (0.75), tech_data (0.9), investor_analyst (0.9), supplier_vendor (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EGM Compliance Impact?","query":"What specific technical modifications or certifications will EGM manufacturers and operators require to achieve compliance with PAGCOR's PTS-EGM v1.1 by January 1, 2024, and what are the projected costs?"},{"label":"POGO Reapplication Criteria?","query":"What are the detailed criteria and enhanced due diligence requirements PAGCOR will apply during the reapplication process for offshore gaming licensees and service providers, and what is the anticipated attrition rate?"}],"footnotes":""},"categories":[156,158,16333],"tags":[405],"class_list":["post-777008108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008108","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=777008108"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008108\/revisions"}],"predecessor-version":[{"id":777008140,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008108\/revisions\/777008140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777004926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}