According to a report in today's The Philippine Star, the Philippine Amusement and Gaming Corp. has issued about 35 offshore gaming licenses as part of the initial roll-out of the Duterte administration’s newly created gaming regime.

The information came from several gaming industry sources, some of whom obtained licenses and others who did not apply. A source said what remains to be seen is how many of these licensees would actually operate their respective offshore gaming entities.

The licenses were made available to Philippine-based operators or those with duly constituted business enterprises organized in the Philippines, and offshore-based operators or those whose business enterprises were organized in a foreign country and will engage the services of a Pagcor-accredited service or provider for its online gaming activities.

Pagcor said the introduction of offshore gaming was “meant to safeguard the welfare of the Filipinos at the same time meet the agency’s revenue targets to help fund the government’s nation-building programs.
Read more here: http://www.philstar.com/business/201...ffshore-gaming