PhilWeb needs permission to resume operations - Pagcor

The company announced on Monday that it had been granted a certificate of accreditation from Pagcor as an electronic gaming system (EGS) provider to licensed electronic gaming sites.

On Thursday, Pagcor released a statement “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.”

Pagcor is still in the process of procuring the third party audit service or Electronic Management Gaming System (EMGS) provider, which will oversee the compliance of all gaming service providers.

It said that the EMGS would ensure the veracity of information provided by licensees and operators with regard to player registrations, player account controls, player funds, reporting and audits, among others.

“With the EGMS in place, Pagcor can be assured that all its electronic gaming licensees and operators are not only properly regulated but also accurately remit what is due to the government,” the firm said.

Philweb as well as other accredited EGS providers will have to wait for Pagcor’s Notice to Proceed before they can commence operations.