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PAGCOR to issue show-cause notices, fines to POGOs allowing other companies to operate under their license

Newsdesk by Newsdesk
Mon 12 Jun 2023 at 06:03
Philippines collects Php1.79 billion from POGOs in first nine months of 2019

A former Philippines POGO hub in Clark Freeport Zone.

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Philippines gaming regulator PAGCOR will issue show-cause orders and fines of US$50,000 to any POGO licensees or service providers that allow other companies to operate under their license, according to local media outlet Rappler.

The move, announced by PAGCOR’s Assistant Vice President for Compliance, Jessa Fernandez, and the CEO of the Clark Development Corporation (CDC), Agnes Devanadera, on Friday, is in response to a POGO service provider operating out of Sun Valley Clark having its license revoked last month.

As reported by Inside Asian Gaming, the license of CGC Technologies was first cancelled and then revoked after an inter-agency investigation found the gaming hub was party to a range of criminal activities including “cryptocurrency investment scams, serious illegal detention and human trafficking activities”. Oriental Game, the licensed POGO under which CGC was operating, was also fined for “failure to ensure the legitimate conduct of CGC’s business.”

At a press conference on Friday to announce the creation of the Clark Security Advisory Council, and in response to questions from Rappler reporters, Fernandez acknowledged there was a “significant flaw” in the system which allowed the illegal POGO hub to operate and vowed to stop POGO licensed being used “by companies within companies.”

Devanadera added that the CDC has approved the use of show-cause notices and fines to crack down on such situations.

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Tags: licensesPAGCORPhilippine Offshore Gaming OperatorsPhilippinesPOGO
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Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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