The Philippine Amusement and Gaming Corp. (PAGCOR) will fine any online gaming provider that allows another company to conduct business using its license.
Inside Asian Gaming reports that the country’s gaming regulator “will issue show-cause orders and fines of US$50,000” to any licensed Philippine Offshore Gaming Operator (POGO) or related service provider that allows other companies to piggyback on their license.
The penalties were disclosed at a press conference by Jessa Fernandez, PAGCOR’s assistant vice president for compliance, and Agnes Devanadera, CEO of the Clark Development Corp., who also announced the establishment of the Clark Security Advisory Council.
This followed the revocation of a licensed POGO service provider in Sun Valley Clark in May. At the time, IAG reported, CGC Technologies’ license was canceled and then revoked after an investigation found the gaming center was engaging in criminal activities including “cryptocurrency investment scams, serious illegal detention and human trafficking activities.” CGC operated under licensee Oriental Game, which also was fined for “failure to ensure the legitimate conduct of CGC’s business.”
At the press conference, Fernandez said a “significant flaw” in the system enabled the illegal POGO hub to operate. She pledged to stop POGO licensed being used “by companies within companies.”
