PAGCOR issues stern warning to offshore gambling operators in the Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) sends a strong message to offshore licensees, emphasizing compliance with local regulations
The Philippine Amusement and Gaming Corporation (PAGCOR) has taken a firm stance on ensuring compliance with local regulations by issuing a stern warning to its offshore licensees and accredited service providers.
The chairman and CEO of PAGCOR, Alejandro Tengco, emphasized that gambling companies must operate within the bounds of their licenses and refrain from engaging in any criminal activities.
The warning comes in the wake of a suspension order issued to CGC Technologies, which was subjected to an inter-agency operation following suspicions of credit card fraud, illegal detention, and human trafficking.
The investigation revealed that CGC Technologies operated in more buildings than accredited, employing individuals of various nationalities. PAGCOR promptly canceled the company's accreditation and confiscated devices to confirm illegal activities.
PAGCOR has vowed to protect the local market by intensifying cooperation with governmental organizations and closely monitoring the market for fraudulent activities.
The organization also supported the repatriation of foreigners involved in the illegal operations and emphasized the importance of regulated and responsible gaming to minimize associated crimes.