New Philippines online gambling monitoring system close to implementation

The regulator of online gambling in the Philippines, Philippine Amusement and Gaming Corp. (Pagcor) is confident that its new outsourced computerised monitoring service will become operational next (March) month.

Responding to questions by the publication Business Inquirer over the weekend, Pagcor chair Andrea Domingo said the third party audit service will monitor Pagcor’s 45 online gambling operators in real time, ensuring that the taxes due to government were paid by providing a more comprehensive picture of the revenue streams of Philippines-licensed online operator (POGOs) and their service providers.

“This system will be in place by March, and it will prevent cheating in the revenue reporting of Pogos and their service providers,” Domingo claimed, assuring Business Inquirer that the monitoring software is now in the final stages of integration with the country’s online gaming licensees.

Government estimates that the more efficient system will double Pagcor online gambling revenue from P3 billion in 2017 to an estimated P6 billion this year.

“It is important to note that the audit service provider will not get paid if their service does not yield increases in revenues,” Domingo said adding that the audit service provider will not get paid if their service does not yield increases in revenues

Pagcor’s decision to make online licenses available to foreign operators provided that they do not offer their services to Philippines residents has reportedly impacted other regional online licensing jurisdictions like First Cagayan adversely, as operators switch to the perceived greater regulatory credibility of Pagcor.

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