PAGCOR sets condition for PhilWeb to resume operations

ABS-CBN News

Posted at Nov 02 2017 04:34 PM

MANILA - The country's gaming regulator on Thursday said PhilWeb Corp could not immediately resume operations unless it secures the services of a third-party auditor.

The Philippine Amusement and Gaming Corp said it granted PhilWeb a certificate of accreditation as an electronic games system provider.

"PAGCOR wishes to clarify that such accreditation alone does not grant Philweb the permission to resume its operations until PAGCOR has procured the third party audit service provider for electronic games," the regulator said in a statement.

The third-party auditor will ensure the veracity of information on the registration, account controls and funds of players among others, PAGCOR said.

"Philweb, as well as other accredited electronic games providers, have to wait for PAGCOR's Notice to Proceed before they can commence operations," the agency said.