{"id":130,"date":"2019-10-03T14:18:40","date_gmt":"2019-10-03T14:18:40","guid":{"rendered":"https:\/\/sportbetting.ph\/?p=130"},"modified":"2021-10-25T13:31:42","modified_gmt":"2021-10-25T13:31:42","slug":"pagcor","status":"publish","type":"post","link":"https:\/\/sportbetting.ph\/pagcor\/","title":{"rendered":"PAGCOR - Building a Regulated Gaming Industry"},"content":{"rendered":"\n
In the Philippines, gambling plays a crucial role in its colorful history and development. Even before the arrival of colonizers, natives are into games and betting. And this passion for the games continued during the Spanish times, the American colonization, and until the modern ear. Today, gambling is still present but heavily regulated. As a matter of policy, gambling is not allowed unless it’s fully regulated by the government through its offices like the Philippine Amusement and Gaming Corporation (PAGCOR).<\/p>\n\n\n\n
The story of PAGCOR started after the declaration of martial law and it brought significant change to the industry. Its a 100% government-owned licensing and regulating body in the Philippines, to protect Filipino welfare and achieve the country\u2019s revenue target. Also, the ultimate goal of PAGCOR is to eradicate the increasing number of illegal casinos operating across the nation. Some amendments followed, and all these were finally consolidated into a single statute in 1983.<\/p>\n\n\n\n
The operation of PAGCOR is based on three important objectives. First, the office is tasked to regulate all types of gambling within the nation. All casinos should comply with the industry requirements before obtaining a license to operate. Online casinos planning to accept real money bets from Philippine players are required to fully understand the true pagcor meaning and their roles in regulating the industry. The second is to raise funds to aid social programs and other developmental projects. Third, is to help boost the tourism industry of the country. As more players join the pagcor-accredited casinos, these casinos generate more revenues and taxes for the government.<\/p>\n\n\n\n
As the country\u2019s primary agency in regulating the gambling industry, PAGCOR performs several roles. It monitors casinos in terms of practices, regulatory requirements, and other related activities. It also monitors licensed gaming websites aside from land-based casinos. Among the gaming sites monitored by this organization are those that offer electronic games, bingo games, and poker games.<\/p>\n\n\n\n
In the performance of these objectives, PAGCOR covers all types of gambling locations. These include pagcor sports betting, pagcor online betting, and pagcor casino games. In monitoring these locations, the agency follows an established set of standards and regulations that suit the Philippine settings.<\/p>\n\n\n\n