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The Philippines strictly regulates the offshore gaming industry and POGOs must re-register their licenses

nowPhilippines cracks down on cybercrimeGamblingRelatedcase, has been revokednearly170 offshore gambling sitesenterprise(POGO) license.according toReport, the Philippine gaming industry regulatory agency PAGCOR recently announced that existing POGO companiesonce againSettingLicense applicationfinallydeadline, requirementAllCompanyBefore September 9once againRegisterlicense.It will alsoroll outnew capitalSubmission, business tax, etc.ManagementMeasures, to eliminate illegal enterprises.

The Philippines strictly regulates the offshore gaming industry and POGOs must re-register their licenses

It is understood that PAGCOR has significantlyPromotionPOGO'sApplicationcapitalSubmission, from the previous 27USDIncreased to 181 millionGBP,andSubmissionReliefhalfApplicationcapital.In addition, the new licensereasonableperiod减少By 2, there will also be new restrictions on the upper limit of business site area. PAGCOR stated that theseMeasurespracticalimproveFor the POGO industryControl, put an end to out-of-scope operations andVariousViolationactivity.

PAGCOR is responsible for offshore gaming licensingDirectorThe chairman said that in the newControlenvironment, all gaming service providersneedRegisterlicense. PAGCOR willDetectionCompanyrealityControlperson onceseeinvolved in anyIllegalactivity, willpunishits responsibility.At the same time, it will alsoStopOperation beyond scope and absencetime limitInsideonce againHandlelicense plateCompany.

另外,PAGCOR will also work withOtherCooperation with government departments, in POGO business premisesEnableoffice, conduct itseveresupervision. PAGCOR itself also conductedchange,WillcontinuedincreaseCorrectIllegalPOGO'sfineintensity.Already effectiveOtherManagementMeasuresalsosuch as:

make sureFor POGO enterprises and service providersDetectionCheck
versusSupervisionShare departmental information and conduct joint investigations
strengthenbetween different departmentsCollaborationCooperate
Moreclearexecution relatedOrdinance,rightIllegalCompanies impose heavy fines
IndustrypredictionPoint out, PAGCOR’s move shows that the Philippine governmentControlOffshore gaming order and regulation of gaming industryTransformationFirmnessconfidence. byonce againReviewlicense plate, enlargeControlStrength, etc.Way, help restore the reputation of the offshore gaming industry and make itreturnnormal development track.This is very important to POGO companies.MassSafeDevelopment will also be a boon.

Besides,wantonce againThere is still a long way to go to regulate the offshore gaming industry.IndustryencouragePAGCOR is requiredcarry onstrengthenManagementstrength, determinationresistillegal activities.At the same time, relatedCompanyAlso be consciousfollowsystemRegulations, take the initiative to acceptSupervision.Only industry and government departmentsproduceManagementcombined force, talentpromoteGambling industry moves toward standardizationevolution.

Besides政府Managementafter that,public媒体also plays an important rolesignificance.societyindustryhave toFull forceSupervise gamblingCompanyOfOperation,rightOthersillegalunauthorizedBehavior says no.Supervision by public opinion is crucial and canreasonableAdvanceGaming industrySafedevelopment of.

Besides,existstrictBlowillegalBusinessBesides, relevant departments also need toFull forceguide bettingCompanyOperate legally and compliantly, so thattheyAsEconomydeclinepoint.CanNumberTaxation, equity, introduction strategyFinancingperson etc.method,promoteCompanytoward norms建设.

PAGCOR’s initiativestillOneBirth, the regulatory road still has a long way to go.but itexcitationOutFull forcesignal that the governmentDeterminedstrong, actiondecisive.believe in all partiesFull forceNext, offshore gaming industrydifficultRegain development momentum and get on the right track.thisObviouslyGo againstCompanyoriginalThere will also be benefitsPromptCanadaLong-term economic and social stability.

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