The Philippine Amusement and Gaming Corporation, also known as PAGCOR, is a government agency that is responsible for the regulation and licensing of casinos in the Philippines. It has been in existence since 1975 and it is a 100% government-owned company that is controlled by the office of the president of the Philippines.
It is tasked with the regulatory and license of gaming establishments such as casinos, sportsbooks, bingo parlours and online gaming sites. In addition, it is responsible for the enforcement of laws relating to gambling pagcor sports betting.
In recent years, the
Philippines have become a hotbed of gambling activity with dozens of casinos
opening up throughout the country. They are a major moneymaker for the Filipino
economy and have generated over $3 billion in gross gambling revenue (GGR) last
year, according to estimates.
This revenue stream
helps fund a number of nation-building projects in the Philippines and it is
expected to continue increasing as a result of the government’s plan to build a
new casino resort and expand existing ones. Its aim is to establish the country
as the top gaming and entertainment destination in the region, generating
revenues that will help fund these projects by 2022.
It also aims to
strengthen its regulatory functions, as well as engage in a series of
partnership initiatives with various government agencies that can help tackle
the problem of illegal gambling. In particular, it has forged a relationship
with the Philippine National Police to enhance its efforts against illegal
gambling operations in the country.
As of June 2019,
there were 56 PAGCOR-licensed Philippine offshore gaming operators (POGOs).
These casinos and gambling websites operate overseas, primarily in China and
other countries in Asia.
While online gambling
is not banned in the Philippines, it is a practice that can be dangerous for
players as it can expose them to criminal activity. As such, players should always
check whether an online casino is regulated and licensed by the country in
which they are playing.
Despite this, PAGCOR
licensed online casinos are a great choice for players looking to place wagers
in a safe and secure environment. They offer a variety of games from some of
the best software providers in the industry and provide a range of different
bonuses to attract new players.
They accept a wide
variety of payment methods including credit cards, cash transfers and
e-wallets. These methods are incredibly convenient and easy to use, making it
simple for players to deposit and withdraw funds in a hassle-free manner.
In addition, they
accept GCash and PayMaya, two of the most widely used digital payment methods
in the country. These digital methods are backed by a number of top-tier banks
and can be used to transfer money instantly.
The PAGCOR licensed
casino also offers a variety of different bonus promotions to attract new
players. These include no deposit bonuses, free spins and bonus cash. They are
a great way to try out the site before deciding whether to make a deposit and
play for real money.
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