PhilWeb to resume operations soon

The operator will be able to resume operations once it complies with a condition set by Pagcor.

Philippines.- Among discussions on whether PhilWeb would restart operations or not in the Philippines, the Philippine Amusement and Gaming Corporation (Pagcor) released a clarification regarding the Certificate of Accreditation that was granted to the operator.

The regulator said that whilst PhilWeb did receive a Certificate of Accreditation as an electronic gaming system (EGS) provider to licensed sites, it does not have the permission to resume operations: in order to be able to operate again, PhilWeb needs to seek a third party audit service provider.

“The third party audit service or Electronic Management Gaming System (EMGS) provider – which is still in the process of procurement – will oversee the compliance of all gaming service providers. More importantly, the EGMS will ensure the veracity of information provided by licensees and operators with regard to player registrations, player account controls, player funds, reporting, audit, among others,” said Pagcor in a statement.

“With the EGMS in place, PAGCOR can be assured that all its electronic gaming licensees and operators are not only properly regulated but also accurately remit what is due to the government. Philweb, as well as other accredited electronic games providers, have to wait for PAGCOR’s Notice to Proceed before they can commence operations.”