What is PAGCOR? Explain in detail about this type of license

What is PAGCOR? This information is of interest to many people, both bettors and bookmakers and game portals who want to understand. Detailed information about this type of license proving reputation will be available immediately in TA777‘s article.

What is PAGCOR? Overview of information about this certificate

What is PAGCOR? Overview of information about this certificate

What is PAGCOR? This is a very reputable organization in the field of online betting, specializing in providing licenses to prove the safety of bookmakers or game systems. The full name of this unit is the Philippine Amusement and Gaming Corporation, also known as the Philippine Amusement and Gaming Administration, headquartered in the Philippines.

This organization oversees casino operations, which officially came into operation in 1869 according to a decree of the host country’s government. The unit specializes in providing licenses for places specializing in organizing online games.

After many years of transparent, clear, and reputable operations, this brand has been accepted and trusted by many countries in licensed playgrounds. This unit also contributes greatly to the second-largest budget for the country.

What is PAGCOR’s license?

What is PAGCOR's license?

When finding information about what the PAGCOR license is, this is the certification that the organization grants to bookmakers. To receive this license is not simple, but the playground must go through many steps of careful screening and selection.

Because of that, PAGCOR’s certification has a very high reference value for both players and bookmakers. The reputation and safety of the game portal are also guaranteed. We can also say that this brand’s workers and licensing are a huge affirmation.

This is also the factor that decides whether a bettor should play at a certain house or game portal or not. PARCOR certification is the clearest proof of the legality of operating by the law.

What are the criteria to receive a PAGCOR license?

  • With the information mentioned above, why not immediately learn about PAGCOR’s criteria? Specifically:
  • Bookmakers and game portals must ensure good control of the quality of products and services when brought to the market.
  • The security system and confidentiality must be absolute so as not to cause damage to players.
  • There is always a customer care team to provide timely support to players, ensuring they are available 24/7 to resolve any questions.
  • Fulfill your tax obligations to the state and government.
  • Committed to ensuring the rights of users when they participate in entertainment at the unit.
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instructions on how to register for PARCOR

instructions on how to register for PARCOR

If you want to receive a license from this organization, you need to follow these instructions:

Step 1: Prepare and provide documents as required

Betting units that want to obtain a license must prepare all documents as required by the organization. Information about procedures is available on PARCOR’s main website.

Step 2: What is PAGCOR’s first-round application screening process?

After completing all the documents and submitting them, a department specializing in document verification will conduct screening to decide whether to let you continue or not. The organization will research very carefully based on a scientific process, so not all types of applications are eligible to move forward.

Step 3: Second round of evaluation

After the screening is complete, there will be a round to evaluate whether the business ability of the house meets the set conditions or not. If not enough, you will be eliminated immediately and cannot continue to the next round.

Step 4: Conduct direct exchange

After passing the above 3 rounds, PARGOR will make an appointment to meet in person to discuss the contract and related issues. Usually, there are regulations and standards that the house needs to meet to prove its reputation and quality.

What do bookmakers need to do after receiving a license from PAGCOR?

  • After the two parties have successfully agreed and PARCOR decides to grant a license, the bookmaker must:
  • Provide complete information about the bank account used for direct transactions with people.
  • Active account information of the game channel.
  • Costs are held by PAGCOR.

Conclude

Through this article, you certainly know what PAGCOR is, right? This is the organization that manages bookmakers to ensure all their activities are transparent, creating peace of mind for participants. Licensing by this unit will minimize the occurrence of fraud. Therefore, when choosing a place to bet, please carefully study this information to select trustworthy playgrounds.

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