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PAGCOR Regulatory About Us. The Philippine Amusement and Gaming Corporation’s regulatory function is undertaken primarily by the Gaming Licensing and Development Department (GLDD). This includes issuance of licenses or authority to operate casinos, traditional and electronic bingo parlors, electronic gaming outlets, sports betting kiosks. The Philippine Amusement and Gaming Corporation (PAGCOR) warned the public against certain persons who have been organizing illegal Bingo games and internet/ online gambling and using Facebook to promote such illegal activities. PAGCOR Approves Solaire Resort and Casino for Online Bets Gaming regulatory body in the Philippines approved one application from a land-based casino operator to accept bets online, with another two applications currently reviewed, in a latest attempt to help operators offset the coronavirus impact on the business, Bloomberg reports. 1,182 likes 4 talking about this. PAGCOR Homeplay PAGCOR’s newest online gaming arena made accessible to internet users in the Philippines. Start Playing and Winning NOW!. The Philippines Amusement and Gaming Corp (PAGCOR) is studying a proposal to allow land-based casinos accept bets online as operators and the government seek ways to mitigate losses due to Covid-19. The market regulator said in an email response to Asia Gaming Brief that it had received the request from operators in the country during the crisis.
WHERE DOES PAGCOR INCOME GO?
In accordance with its Charter and other governing laws, PAGCOR earnings are distributed as follows:
- 5 percent of winnings goes to the BIR as franchise tax;
- 50 percent of the 95 percent balance goes to the National Treasury as the National Government’s mandated income share;
- Cities hosting PAGCOR casinos are given fixed amount for their respective community development projects;
- PAGCOR pays Corporate Income Tax in compliance with the National Internal Revenue Code;
- 5 percent of the balance after the franchise tax and the National Government’s mandated income share goes to the Philippine Sports Commission for financing of the country’s sports development programs;
- 1 percent of the net income goes to the Board of Claims, an agency under the Department of Justice, which compensates victims of wrongful detention and prosecution;
Aside from these, PAGCOR has also been tapped to provide funds for the implementation of vital laws such as the Early Childhood Care and Development (ECCD) program which basically promotes pre-school education and the Sports Incentives and Benefits Act which provides monetary rewards to athletes who win in international sports competitions. As of October 31, 2014, PAGCOR has released a total of P375 million to ECCD and P208.98 million to winning national athletes and coaches who made the country proud in prestigious global athletic events.
In compliance with RA 10066 or the National Cultural Heritage Act of 2009 which provides for PAGCOR’s mandatory funding of P500 million (at P100 million per year for five years), the state-owned gaming firm has allocated P183 million as of October 31, 2014.
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Presently, PAGCOR is in coordination with the Department of Energy for the implementation of RA 9153 or the Renewable Energy Act of 2008, funding of which will be sourced from 1.5% of PAGCOR’s annual net income.
The remaining balance of PAGCOR’s income is remitted to the Social Fund to sustain the priority projects of the Office of the President.
Pursuant to RA 7656 or the Dividend Law, PAGCOR remits at least 50% of its annual net earnings as cash, stock and/or property as dividends to the National Government.
Apart from its mandatory contributions to various agencies and entities, PAGCOR has also been undertaking major Corporate Social Responsibility projects under the leadership of its present management.
About Us
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The Philippine Amusement and Gaming Corporation’s regulatory function is undertaken primarily by the Gaming Licensing and Development Department (GLDD). This includes issuance of licenses or authority to operate casinos, traditional and electronic bingo parlors, electronic gaming outlets, sports betting kiosks and poker rooms to private entities. GLDD sets regulations and guidelines for gaming operations and performs related tasks.
It is the responsibility of Compliance and Monitoring Department (CMED) to enforce the rules.