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Table of Content

  1. Why You Need This License for Your Online Casino?
  2. What is a PAGCOR License?
  3. Why You Need This License on Online Platforms?
  4. How to Get This License?
  5. How to Keep This License?
  6. What to Consider Before Getting This License?

Key Takeaways

  • Builds Player Trust: A PAGCOR license proves an online casino is legitimate, safe, and fair, which is crucial for attracting players.
  • Enables Business Operations: It is required to partner with reliable payment processors for deposits and withdrawals.
  • Requires Strict Compliance: Getting and keeping the license involves a difficult process of financial checks, software audits, and promoting responsible gaming.
  • Signals a Serious Investment: It shows the operator has made a significant financial and operational commitment to quality and security.

Why You Need This License for Your Online Casino?

A reputable online casino must have a proper online casino license. One of the most important certificates is the PAGCOR license. PAGCOR stands for the Philippines Amusement and Gaming Corporation, a governing body that regulates and certifies any operating gaming affairs in the region. Understanding this license goes a long way for both businesses and players, especially for those looking for forums that host popular games like 918kiss and Mega888. Obtaining a PAGCOR license will help build user trust and legitimacy in an ever growing and competitive market.

What is a PAGCOR License?

The Philippines Amusement and Gaming Corporation or PAGCOR is a government-owned and controlled corporation of the Philippines, founded to govern and authorize all games of chance in the territory. Thus, a PAGCOR license is an official authorization/certification to operate legally governed gaming enterprises, including land based casinos but primarily casinos online.

This certification transcends borders, acting as a reputable operator's recommendation. When a gambling portal has this certification, it shows that it passed through many regulations and responsibilities and operates in a manner that allows player safety. This mark of quality distinguishes legitimate enterprises from unregulated ones.

Why You Need This License on Online Platforms?

When it comes to online casinos, getting an online gambling license might be irrelevant, but it isn't for a serious business. The online gambling industry is the fastest growing of any at the moment, with one industry report estimating that it will exceed over 150 billion US dollars by 2030. Therefore, in this market's competitiveness, a PAGCOR license is what players seek.

  • Gains Trust of Players: With so many competitive options for players worldwide, trust is everything. One industry survey shows that over 70% of international players consider licensure before registering with an operator, as a PAGCOR seal means that the operator is held accountable for any transgressions, which means players can feel safe that their money will be used appropriately and not abused and games will be fair.
  • Legally Operated: Assume, for example, that a company runs without a license even if they have the opportunity to do so. One never knows if someday someone will file a complaint against such a company with legal fines, or even dismissals for further operation. However, with this license established in the first place, players will know that they are operating above board.
  • Branding Image Enhancement: Licensed companies appear more professional than those without licenses. As a result, this is an easy appeal to branding image and reputation overall. Many who offer popular games like 918kiss and mega888 will automatically be predisposed due to branding.
  • Payment Gateway Chances: Legitimate payment processors only work with licensed gaming companies, thus, when operators have such an option, they will provide ease of deposit and withdrawal gaming opportunities, if they do not have it, there exists no security and ease of mind for operators.

How to Get This License?

Getting a PAGCOR license requires a special application process but preparing along the way is necessary. The entity must show that it has the financial resources, operational resources, and responsible gaming intentions to own such a license, and it essentially gets to these definitive conclusions through the following:

  1. Application submission: This is essentially like applying for a job, detailed applications are required beforehand to get assessed by PAGCOR which includes business plans, relevant financial statements, ownership, and personality data.
  2. Due diligence checks: There is background checks on the application and the people involved to ensure such an entity would not enter into an unethical business practice.
  3. Technical/software assessment: Since gaming is the ultimate goal of the licensed intention, its desirability will get evaluated to examine fairness, randomized play (i.e., RNG) and anti-piracy fraud assessments.
  4. Compliance assurance: This means that there is an expectation that the applicant is aware of AML regulations and KYC laws that would ensure responsible gaming isn't bypassed.
  5. Fee payment: There are application costs as well as certification fees that pay for regulatory measures as well as additional funds for public uses for Filipinos.

How to Keep This License?

Getting a license is one thing, but maintaining one's status through dedicated efforts along the way is another. For example, performance checks investigate granted operators just because they get licensed doesn't mean it's a cakewalk thereafter.

  • Audits on Confirmation: Once a licensed operator gets confirmed, operations will be audited to ensure licensing guidelines are met, this applies to financial records and breaches in security reporting.
  • Report submission: Reports are required on a monthly/annual basis depending upon PAGCOR's requirements along the way to ensure transparency.
  • Responsible Gaming Promotion: A licensed operation will always have to promote avenues of responsible gaming that are available for patrons, whether that's a hard max on gaming time or resources for those who need help.
  • Annual renewal fees: Annual costs associated with keeping a license mean that anyone with questionable intentions will not be able to continue along their illegal path.

What to Consider Before Getting This License?

There are definitely pros to get licensed which means that any serious company in the gaming world would want to be able to boast such licenses prestige to minimize competitiveness and maximize reliability, however, there are certain things to think about beforehand.

  • Financial Responsibility: This is a business venture so acquiring such a venture comes at a price, there are costs for application and those who do not have sufficient capital to support a licensed venture should not apply in the first place.
  • Operational Expectations: There are certain expectations for licensed operations where there will need to be strict oversight from within, this means dedicated teams will need to ensure compliance with safety and security expectations which means more recruitment or added hours from current staff members.
  • Competing Market Factor: The online gaming market is competitive, mobile online gaming accounts for well over 50% of what the online gaming market makes meaning that there must be solid planning before getting involved, anyone who seeks licensing requires high quality mobile availability like 918kiss and Mega888.
  • Jurisdictional Restrictions: While respect is international, anyone seeking to go into specific areas must realize that just because they're licensed does not mean they won't face contingents in other countries.

Overall, legitimatizing a casino experience starts from Day One with the proper PAGCOR license in place. Without it, operators run the risk of non-compliance with rules and regulations, however well-intentioned they may be. For a truly safe wagering experience that fairly levels the playing field over time, considering the PAGCOR license is well worth it.


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