Monday, August 21, 2023
The Philippine Amusement and Gaming Corporation (PAGCOR) is the main governing body and issuer of licenses for both land-based and online casinos in the Philippines. It is also one of the biggest sources of revenue in the country, contributing to the government’s financial wellbeing and social community initiatives.
PAGCOR has a strict
licensing process and it is essential to make sure that you only play at an
online casino that is licensed by the Philippines Amusement and Gaming
Corporation. This ensures that you can trust the casino and that you won’t be
ripped off or scammed by unscrupulous operators.
Many of the leading
online casinos in the Philippines are licensed by PAGCOR. They offer a range of
bonuses to new and existing players, including no deposit bonuses and free
spins. These bonuses can be used to try out a new casino and will help you get
started playing with real money.
Some of the best Pagcor licensed casinos have excellent customer support and are available 24/7 to answer any questions you may have. They will also help you find the best games and ensure that you have a safe and secure experience while playing online pagcor sports betting.
They also offer a
wide selection of slots and other casino games that are available to play at
any time, from anywhere in the world. These include progressive jackpots, live
dealer games, and a variety of table and card games.
There are five
third-party organisations that test the fairness of casino games on behalf of
PAGCOR. These companies have the technology to test the return to player (RTP)
percentages of different casino games to ensure that they operate in a fair way
with regular payouts.
The Philippine
Amusement and Gaming Corporation or PAGCOR was created through a Presidential
Decree in 1975 and is the sole regulating agency for both onsite and online
gaming in the Philippines. It was established to oversee and regulate all
gaming activities including card, numbers and casino games.
Since that time,
PAGCOR has become the largest contributor to the Philippines’ national
finances, and it has a strong commitment to social community initiatives. Its
revenues are channelled through various programs such as disaster relief,
school buildings and early childhood development funding.
In 2007, RA 9487
extended the life of PAGCOR for another 25 years, securing its existence until
at least 2032. It also allows PAGCOR to enter into joint ventures and
agreements, which can provide additional business opportunities for the
company.
This legislation has
helped the Philippine gambling industry grow significantly, with gross gaming
revenue expected to hit $3 billion in 2018 and forecasted to continue to rise
in future years. This has led to a significant increase in tourism, jobs and
economic growth in the country.
The country’s
government has reaffirmed its commitment to the Philippines’ gambling industry,
with President Rodrigo Duterte recently announcing that the nation’s gaming
sector will be one of its key drivers for the next five years. This means that
the government expects to see an increased amount of tax revenue coming into
the country from casinos, resulting in a substantial boost to the economy.
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