Pagcor: Philweb must wait for third-party audit service before resuming operations @InquirerBiz

November 2, 2017

 On October 30, 2017, Philweb received a Certificate of Accreditation from the Philippine Amusement and Gaming Corporation (PAGCOR) as an electronic gaming system (EGS) provider to licensed electronic gaming sites.

 On the heels of these reports, PAGCOR wishes to clarify that such accreditation alone does not grant Philweb the permission to resume its operations until PAGCOR has procured the third party audit service provider for electronic games.

 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.

 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. #



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