This confirmation comes shortly after a nationwide ban on POGO, which resulted in some electronic gaming services, including online bingo service providers and foreign console manufacturers, needing to verify their status.
According to the Philippine News Agency, PAGCOR’s memorandum cited that “digital games shall not use in any manner the same lottery equipment, tools and equipment employed by the Philippine Charity Sweepstakes Office in its lottery draws” and that “the minimum bet for digital games shall not be less than 5 Philippine Peso ($0.08).” This memo was prepared by PAGCOR Assistant Vice President Jeremy Luglug.
The regulations also stipulate that operators must pay a two-year gaming license application fee of PHP200,000 ($3,458.68), as well as a PHP200,000 cash deposit per gaming venue.
Overall, 15% of total revenue from live gaming and an initial 35% share of random number generator (RNG)-based games will go to PAGCOR from July to December 2024. By January 2025, the share of RNG-based games will drop to 30%.
“Pagcor should only allow gambling in integrated resort casinos and hotels that cater primarily to foreign tourists and, if possible, only minimally to local tourists. But they should avoid excessive gambling on the Internet because many young Filipinos, especially It's kids, they're all online," Capstone-Intel Corp. CEO Nicasio Conti said.
Conte also served as a member of the Presidential Anti-Corruption Commission and the Presidential Commission on Good Governance.
