The Philippine Amusement and Gaming Corporation, a state gaming regulator and gaming corporation, has announced it has revoked the accreditation of CGC Technologies as the customer service provider for a Philippine Offshore Gaming Operation (POGO).
Pagcor stated that an investigation confirmed that the company was actively involved in illegal activities. The regulator has therefore taken the decision to cancel the company’s authorization.
The CGC accreditation was revoked shortly after Pagcor issued a “stern warning for offshore licencees, and accredited service providers who were involved in criminal activity.
CGC was suspended on May 4 after the regulator searched the premises. The company was accused of a number of criminal acts, including credit card fraud and serious illegal detention.
During an inter-agency operation to search for buildings, the authorities discovered that CGC was operating six instead of the two accredited Pagcor.
Oriental Game Limited, the company that provided the services to CGC, was also fined $350,000 by the state gaming corporation “for failing to ensure CGC’s legitimate conduct.”
Pagcor: Obey the law or face “severe consequences”
Pagcor’s chairman and chief executive, Alejandro Tengco, warned that all service providers and offshore gaming license holders must adhere to Philippine laws. Otherwise they will face “severe penalties.”
He said that continuing operations after cancellation of accreditation or licenses would be illegal. “Immediate actions will be taken against anyone who engages in such activities.”
PAGCOR is a strong advocate of responsible gaming in order to reduce all social ills associated with gaming. We continue to work closely with other government agencies because of this.
Tengco said, “By regulating gaming and cooperating with law enforcement agencies we will ensure that the revenues generated from this regulated gambling will be used to support more worthwhile causes, including nation-building.”