The Philippine Amusement and Gaming Corporation (PAGCOR) is set to initiate legal proceedings against 33 offshore gambling operators for allegedly failing to pay licensing fees amounting to PHP 2.02 billion (approximately $35.6 million). PAGCOR Chairman and CEO Alejandro Tengco confirmed the regulator’s decision and outlined the circumstances that led to this action.
Unfulfilled Licensing Fees:
The operators in question, who were granted licenses during the previous administration, have been accused of not fulfilling their licensing fees and obligations. PAGCOR contends that these operators violated the Offshore Gaming Regulatory Manual, prompting the regulator to escalate its response.
Exhausted Appeals:
Tengco emphasized that legal action was the regulator’s last resort after repeated appeals to the alleged wrongdoers went unanswered. Despite PAGCOR’s efforts to encourage compliance, the operators remained uncooperative.
Previous Closure of Operators:
Tengco revealed that five operators had already ceased their operations due to similar consequences resulting from unpaid licensing fees. These operators’ names were not disclosed in the official statement, but Tengco provided insights into the situation.
Legal Course of Action:
The regulator is now in the process of gathering the necessary information to file appropriate legal cases against the 33 operators. Tengco reiterated PAGCOR’s commitment to fulfilling its regulatory duties, ensuring that all gaming entities meet their legal obligations, including tax payments and fees.
Impact of the Pandemic:
Tengco lamented that the ongoing pandemic had significantly affected the government’s potential revenue, emphasizing the importance of collecting due taxes and fees from service providers to support the nation’s finances.
Crackdown on Illegal Gambling:
PAGCOR has intensified its efforts to combat the proliferation of illegal gambling operations. Simultaneously, discussions within the regulator are ongoing regarding the potential launch of a licensed global casino under the Casino Filipino brand. This initiative, set to roll out next year, aims to bolster the government’s tax revenues.
PAGCOR’s decision to pursue legal action against non-compliant offshore gambling operators reflects its commitment to enforcing regulatory policies and collecting owed fees. The regulator is resolute in its efforts to ensure that all gaming entities meet their obligations, providing much-needed revenue for the government.