Pagcor has announced plans to enhance its regulatory function in order to develop the Philippines into a top gaming destination. The agency is seriously considering a sole regulatory role and emphasizes this aspect of its mission over its commercial operations. Privatization will allow Pagcor to invest in expansions, upgrades, and innovations, while avoiding the complexities of running two different operations.
Prior to privatization, Pagcor is investing in its Casino Filipino properties. This includes upgrading IT infrastructure, improving gaming machines, and updating technical standards. Focusing on regulatory functions will also enable Pagcor to be more responsive to changing times and better mitigate problem gambling.
Pagcor is actively combating illegal gambling operations, particularly involving offshore gaming operations (Pogos) associated with human trafficking, money laundering, and organized crime. The agency works closely with law enforcement agencies and imposes new fees on license holders violating the terms. Suspension and cancellation of licenses are among the penalties for serious offenses. Recent enforcement actions have been taken against Xinchuang Network Technology Inc and CGC Technologies.
Pagcor remains committed to eliminating unscrupulous activities and making the Philippines a prime gaming destination in the ASEAN region.
