Pagcor issues first local online gaming license
A unit of technology firm DFNN Inc. has obtained a first-of-its-kind license from the state-owned Philippine Gaming and Amusement Corp. (Pagcor) to operate an online gaming platform for the local high-roller or VIP market.
The pioneering license was obtained by subsidiary Inter-Active Entertainment Solutions Technologies Inc. (IEST), which provides betting and gaming technologies as well as create and supply proprietary systems and technology platform inside partner-gaming outlets.
InPlay, IEST’s new remote gaming platform, has been developed to be an extension of its current land-based system, allowing a certain part of gaming to take place in the privacy of the client’s own home, DFNN disclosed to the Philippine Stock Exchange.
Aside from providing a remote gaming capability, InPlay is seen to represent a “significant measure” toward regenerating revenues for the government by bringing domestic online gaming services—currently dominated by underground providers—into the formal economy.
However, this service is only available to VIP players who must meet strict eligibility and registration procedures as well as rigid know-your-customer protocols. The requirements include a two-way video call, personal registration and fund deposit and withdrawal at the outlet. INQ
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.