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The Philippine Amusement and Gaming Corporation (PAGCOR) would like to thank the Senate of the Philippines for the opportunity to clarify matters related to the country’s offshore gaming license operations.

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The Philippine Amusement and Gaming Corporation (PAGCOR) would like to thank the Senate of the Philippines for the opportunity to clarify matters related to the country’s offshore gaming license operations.

In line with this, PAGCOR would like to correct the misinformation that arose from Senate Hearing on January 23, 2023:

On alleged kidnapping activities

There have been no reported criminal activities or kidnapping-related incidents of workers in the offshore licensing industry for over three months. This came as a result of the inter-agency cooperation meeting held last September 2022 involving PAGCOR, the Philippine National Police (PNP), National Bureau of Investigation, Department of Justice (DOJ), and Department of Interior and Local Government to combat illegal gaming operations, including offshore gaming.

Likewise, partnerships with the National Intelligence Coordinating Agency, the Bureau of Immigration and the Anti-Money Laundering Council were strengthened to forestall any illegal activities and labor practices related to offshore gaming operations in the country.

PAGCOR has been closely monitoring the cases involving MOA Cloudzone Corp. and Brickhartz Technology Inc. While the former’s case was dismissed by the DOJ on November 15, 2022, the case involving Brickhartz Technology Inc. is still under investigation. We are coordinating with the PNP and other agencies regarding this matter.

PAGCOR wishes to reiterate that it does not take these reports lightly and it will ensure that all gaming licensees abide by the law.

PAGCOR reassures the public that it is conscientiously looking into the matter and will take the necessary actions, including the cancellation of licenses and service provider accreditations, if found warranted.

On the offshore licensees’ third-party auditor (Global ComRCI)

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PAGCOR’s third-party auditor for offshore licensees – Global ComRCI – was awarded the contract in December 2017.  The service provider went through proper bidding process and met all the legal requirements under the Procurement law.

With the assumption of the new leadership of PAGCOR, the contract of Global ComRCI was put under review last September 2022. We assure the Senators that the review will soon be finished and released at the proper time.

We have been in contact with Global ComRCI and are currently assessing the contract’s terms and conditions and the company’s performance.

The offshore gaming industry has only been in existence in the Philippines under PAGCOR over the last five years. Aside from the taxes to the national and local governments, it currently employs an estimated 25,000 Filipinos and contributes billions of pesos to the local economy thru real estate activities, consumption and indirect employment. It is PAGCOR’s aim to nurture this industry as it believes it has much more to contribute to the Philippine economy and nation building.

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Caesars Entertainment Closes Sale of the LINQ Promenade

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Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.

Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.

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The Stampede Continues with Aristocrat Interactive’s Buffalo Gold Max Power

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Aristocrat Interactive, Aristocrat’s online Real Money Gaming (RMG) division, announced that the stampede continues with the launch of Buffalo Gold Max Power in the US. This marks the fifth online game in the award-winning and iconic Buffalo portfolio, following the success of Buffalo, Buffalo Gold Collection, Buffalo Chief, and Buffalo Gold Revolution.

Buffalo Gold Max Power builds on the legacy and popularity of Buffalo Gold, a fan-favorite in land-based casinos. This online adaptation is born to entertain with new features powered by Aristocrat’s proprietary Max Power mechanic, offering players up to 46,656 ways to win free spins and collect Gold Buffalos. With dynamic reels that vary from 2 to 6 symbols on every spin and a redefined feature, Buffalo Gold Max Power is ready to create a stampede of excitement.

“For more than a decade, our iconic Buffalo games have captivated players as some of the most iconic slot games in land-based casinos. With Buffalo Gold Max Power, we’re bringing this timeless favorite online with enhanced gameplay and features that players will love. The launch in New Jersey is an exciting milestone as we continue to deliver innovative and memorable gaming experiences globally,” said Josh Morris, SVP Content at Aristocrat Interactive Content & Aggregation.

Earlier this year, Buffalo was awarded the winner of the Top Performing Omni-Channel Slot at the EKG Awards. The launch of Buffalo Gold Max Power is the latest step in Aristocrat Interactive’s strategy to expand Aristocrat’s industry-leading content portfolio into the online space. The game is currently available with online operators in New Jersey, Ontario, Canada and the UK, with more markets to follow overtime.

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Compliance Updates

JCM Global Receives Approval to Operate in West Virginia

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JCM Global announced that it has successfully passed regulatory review and received a manufacturer’s license from the West Virginia Lottery Commission. The license enables JCM to directly sell to and service customers in the state.

“At JCM, we are committed to our customers. While attaining licensing was not required, we pursued it because it allows us to directly provide JCM’s leading technology and advanced systems, backed by our world-class service, and support, resulting in faster service times and simplifying the entire relationship between JCM and our customers,” said JCM SVP – Sales, Marketing & Operations Dave Kubajak in a statement.

JCM recently announced it has attained licenses in Colorado and New Mexico, bringing the company’s total number of active gaming licenses to 177.

In West Virginia, JCM will provide technology, including the iVIZION bill validator; ICB Intelligent Cash Box System, which boosts security and efficiencies across the gaming floor; and the GEN5 thermal printer, which delivers TITO, personalized promotions, and rewards directly to the player.

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