Pagcor would hold a public bidding process to grant next license for eGames.
Philippines.- PhilWeb Corp., renowned gaming operator in Philippines, may face a bidding process held by the Philippine Amusement and Gaming Corp (Pagcor), in order to operate again its venues of eGame network. The national company had lost their license right last August, when Pagcor assured they would not renew the permission to PhilWeb.
However, both gaming organisations have set several meetings to renegotiate the license to operate the exclusive 268 cafes with online casino services. But the negotiations might have led to a bidding process, as Pagcor sent PhilWeb a letter to announce their intentions to set the public license review on December 12.
The letter, signed by Pagcor’s head Andrea Domingo and addressed to PhilWeb’s Chairman Gregorio Araneta III, was included PhilWeb’s latest filing to the Philippine Stock Exchange last Tuesday. “At any rate we would like to assure you that we are expediting the procurement process and that we are on schedule with the timeline we provided your representatives,” expressed Domingo in the letter.
Pagcor refused the automatic renewal of the eGames license to the former operator of the online casino venues and stated in the letter that “the selection of the service provider for Pagcor’s online gaming operations will be in accordance to the Republic Act 9184 preferably through public bidding.” Meanwhile, the Philippine President Rodrigo Duterte’s intentions are to shut down the total iGaming operations in the country.