Philippines regulator issues pair of new iGaming licenses
The Philippines Amusement and Gaming Corporation (PAGCor) government regulator has reportedly granted licenses to two online gambling companies less than a week after the introduction of a temporary freeze on the processing of new certifications.
According to a report, the move was announced by a high-ranking official of the regulator, Victor Padilla, during a Friday’s House of Representatives’ Appropriations Committee meeting, meaning that PAGCor has now handed over some 60 Filipino Offshore Gaming Operators (POGO) certifications, although only 48 of which are known as active.
After detailing the stopover on Tuesday, PAGCor allegedly said there were trio companies waiting to get their POGO licenses approved. CalvinAyre.com reported that the two newest licensees appeared to be members of the club, although Padilla allegedly did not give details of the identity of these newly certified operators or detailed what had become of the mysterious third candidate’s application.
The Philippines decided to stop issuing new iGaming licenses after they were pressured by China, as Beijing felt that such companies had illegally targeted players in the world’s most populous nation. Allegedly, Chinese officials are particularly worried about the provision of so-called “proxy betting,” in which punters use live streaming or mobile phones to play real-time in land-based casinos.
However, Padilla informed lawmakers that the provisions of a POGO license prohibit iGaming operators from “streaming in a country where online gambling is banned” and that it is often “not automatic” that Chinese players are always Access certified sites from locations in China.
However, explanations such as these are reportedly not impressive in Beijing, as Chinese Foreign Minister Geng Shuang urged the Philippines last week to “ban all online gambling” so that the two states “share criminal activities such as online gambling and cyber fraud can combat. This plea was made in the run-up to a planned Summit of Heads of State and Government of the two countries at the end of this week, and also included a statement by Cambodia to stop issuing or renewing its own online gambling licenses.