Stalled: Here’s why Philweb won’t open just yet
The Philippine Amusement and Gaming Corp. has directed PhilWeb Corp. to procure a third party service provider for electronic games as a precondition for the resumption of the listed firm’s gaming operations.
In a statement, Pagcor said PHilWeb must wait for its notice to proceed before it could commence operations even as it secured a certificate of accreditation from the gaming watchdog.
According to Pagcor, the third party audit service or electronic management gaming system (EMGS) provider will oversee the compliance of all gaming service providers.
“More importantly, the EGMS will ensure the veracity of information provided by licensees and operators with regard to player registrations, player account controls, player funds, reporting, audit, among others,” Pagcor pointed out.
“With the EGMS in place, PAGCOR can be assured that all its electronic gaming licensees and operators are not only properly regulated but also accurately remit what is due to the government,” Pagcor said.