Combating Fraud
The PAGCOR Guarantee website launched amid escalating player grievances, where rogue platforms have repeatedly withheld winnings and engaged in other unethical operations. Chairman Tengco underscored the multifaceted damage caused by illegal sites: “Illegal online gaming sites not only endanger players but also erode public trust and deprive the government of vital revenues.” He highlighted that their lack of contribution to crucial tax revenues undermines public infrastructure and services.
A Key Component
The verification tool anchors PAGCOR’s expanding regulatory ecosystem meant to dismantle unlawful online gaming while promoting responsible industry practices. The platform lets users identify licensed providers before participation by running real-time legitimacy checks, fostering trust in the gaming environment.
Tengco reiterated the new website as a foundational element to the institution’s mission, adding, “The PAGCOR Guarantee is a key component of our regulatory framework to protect both the industry and the Filipino people.”
Upholding Industry Standards
The rapid adoption of online gaming in the Philippines underscores the importance of PAGCOR’s intensified regulatory efforts. As more players engage in online gambling, the PAGCOR Guarantee website comes as a timely solution to enforce accountability and redirect players to licensed, trustworthy operators. For easy accessibility, gaming providers are categorized into e-casino games, e-bingo, sports betting, specialty games, poker operators, casinos, and online traditional bingo.
The initiative cements PAGCOR’s commitment to cultivating a secure, transparent gaming framework. By bringing the verification tools to players, they can deal with fraud before it occurs. Simultaneously, it fortifies the government’s objectives to uphold market fairness, ensuring economic stability through industry integrity. Meanwhile, PAGCOR reminds the public to gamble responsibly and limits access to such services to citizens 21 years and older.
