Pagcor issues first local online gaming license | Inquirer Business
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Pagcor issues first local online gaming license

/ 05:18 AM December 10, 2020

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.

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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.

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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

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TAGS: online gaming, Philippine Gaming and Amusement Corp. (Pagcor)
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