PAGCOR extends PhilWeb iGaming license for a month
The Philippine online gambling technology provider announced that PAGCOR extended its online gambling license for a month.
The Philippines.- The Philippine Amusement and Gaming Corp. (PAGCOR ) confirmed in writing that PhilWeb Corporation’s online gambling license will be extended to August 10, 2016. The decision was made to prevent the government from losing online gambling revenue.
PhilWeb received its license back in 2003. In accordance to the Intellectual Property License and Management Agreement, the gambling technology company was allowed to open and operate a chain of outlets providing online gaming options, with those located across the Philippines.
However, PAGCOR’s new Chairwoman Andrea Domingo has stopped the issuance of new online gambling licenses, following Philippines President Rodrigo Duterte’s inaugural cabinet meeting at which he said that he planned to block the provision of online gambling services within his country’s borders. How President Duterte and his administration would “stop the proliferation” of iGaming operations in the Philippines is still unclear, as well as on which companies and games would be impacted most seriously by any future ban.
PAGCOR letter to PhilWeb’s President Dennis Valdes, stated that the gambling technology company had applied for a license extension until a presentation is held to President Duterte and more details on his directive concerning a potential ban on online gambling operations emerge.
