License What is PAGCOR?? Online casinos operating in the Gambling industry without an operating license cannot be trusted. We will share detailed information about this extremely valuable type of license.
What is PAGCOR?
PAGCOR What is Philippines?? This is an abbreviation for the Philippine Amusement and Gaming Corporation – the Philippine Bureau of Entertainment and Gaming. PAGCOR is controlled by the government through Decree 1869 of the President. 
This agency will issue legal operating licenses for bookmakers operating in the online gaming and online casino sectors. The Philippines is a paradise for online gambling companies due to the strict business conditions for casinos. This country has legalized the Gambling industry and opened its doors to welcome leading entertainment corporations to operate. This agency has issued 60 PAGCOR licenses to online bookmakers as of November 9, 2019.
What is the role of PAGCOR?
Currently, PAGCOR is the largest contributor to the budget of the Philippines, second only to the Tax Department and the Customs Department. PAGCOR has become the only government agency that establishes regulations for casinos in the country outside the Cagayan-Freeport area. 
Today, they regulate and enforce the gambling laws of the Philippines for many casinos, poker rooms, and sports betting services. According to a report, there are currently over 11,000 Filipino workers employed in this field. If you pay close attention, you will see that most of the bookmakers we introduce at Vaobo88 have this license.
The value of PAGCOR betting license
How valuable is the PAGCOR betting license?
Measure of credibility
If you are a newcomer, what is the first thing that affects your decision to choose a bookmaker for betting? It is CREDIBILITY. 
The fact that a bookmaker in Asia has obtained a PAGCOR license is the first and most important measure of their quality.
What is the function of PAGCOR?
The PAGCOR betting license is a valid answer regarding the legality of the operations of bookmakers. Because if they have it, the bookmaker must meet the strict standards of the PAGCOR organization:
- Ensure they meet quality standards with the products and services provided.
- Safe security system.
- Good customer service.
- Fully pay taxes to the government, etc.
This is a protective barrier to help you avoid scams. Almost all bookmakers holding this license are cooperating with international Live Casino providers to release games. It also protects your rights when participating in online casino games. Therefore, when bookmakers set foot in the Philippines, they all strive to obtain this valuable license.
Cost of applying for a PAGCOR license
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The cost that bookmakers spend to get the nod from PAGCOR is no less than €948,250 (26,050,401,888 VND). As of now, PAGCOR has stopped issuing online casino operation licenses to new bookmakers. At the same time, there has been no new announcement regarding the re-licensing. This further increases the value of this license.
If you are wondering whether to play online Casino or not, we advise you to choose brands with this license for peace of mind.
What is the process for applying for a PAGCOR license?
To obtain a gambling business license in the Philippines, one must go through a process that lasts about 3 to 6 months.
Specifically, it includes 04 rounds as follows:
- Prepare documents: You can go to their official website to download (click this link to download).
- “Profile” round: wait for the approval of the submitted registration documents.
- Evaluation: After passing the “profile” round, you move to the evaluation round. They assess the business conditions of the company.
- Meeting round: At this point, there will be someone to discuss the contract directly, usually working with the investor.
After receiving the license, you need to provide them with 2 things:
- Bank account used for transactions
- Company’s bank account
Finally, wait for the notification and complete the process.
What does PAGCOR’s revenue do?
PAGCOR’s revenue contributes significantly to the development of the Philippines.
The money PAGCOR collects will be used to:
- Pay national taxes, accounting for 5% of total revenue.
- Fund the child protection fund and sports associations.
- Contribute to the state treasury, accounting for 50% of the remaining 95% of total revenue.
- For the compensation commission – where compensation is provided for wrongfully convicted victims, accounting for 1%.
- Used to develop the national sports foundation.
- PAGCOR headquarters, develop city projects.
At this point, it can be affirmed that this agency contributes significantly to the important activities of the country.
What is POGO?
POGO stands for Philippine Offshore Gaming Operator – the overseas gaming operator of the Philippines. It refers to online gambling companies operating in the Philippines but only serving customers in foreign markets.
POGO companies must have Filipino employees to ensure job creation for Filipino citizens. To operate legally, they must be licensed by the Philippine Amusement and Gaming Corporation (PAGCOR).
Some other valuable betting licenses
In addition to PAGCOR, we also have other valuable betting licenses such as:
First Cagayan Online Betting License
The FCLRC license – short for First Cagayan Leisure and Resort Corporation (FCLRC) established in 2003. To date, FCLRC has provided betting licenses to over 114 online bookmakers.
First Cagayan is a government organization managed by the Cagayan Economic Zone Authority (CEZA).
“`Online bookmakers that obtain this license will improve their credibility with customers betting on an international scale. You can visit the homepage of the organization First Cagayan for more complete information.
Isle of Man Online Betting License (IOM)
The Isle of Man (IOM) is a betting license from the Gambling Supervision Commission of the self-governing Isle of Man, part of the United Kingdom. This organization is an independent council established in 1962 that specializes in managing and licensing gambling activities. 
The Isle of Man always operates very professionally with the mission:
- Prevent the development of industrial gambling crime.
- Prevent underage gambling.
- Ensure that services provided by licensed bookmakers always pay winnings fairly to players.
Therefore, if you see a bookmaker holding this Isle of Man betting license, you can feel secure when betting. For more information about the activities and monitoring processes of the Isle of Man organization, see here.
Curacao Gambling Online Betting License
Curacao is one of the most popular licenses in the world, with about 450 licensed online gambling operators operating globally. The cost to apply for a Curacao license is 7 times cheaper than PAGCOR, costing only €138,500 (nearly 4 billion VND). 
For young companies, the Curacao license is considered the most suitable option because:
- Quick and cost-effective.
- Easy procedures, no hassle.
- One license covers all services.
- Completely tax-free: no taxes are required as long as their revenue comes from foreign markets.
Almost all reputable football betting bookmakers that Vaobo88 has introduced hold from 1 to 3 types of betting licenses.
Summary of what PAGCOR is
In general, besides the PAGCOR betting license, there are quite a few other types of licenses. Always take a few minutes to find out if the bookmaker you want to bet on has a license. This will protect your wallet and minimize risks when choosing online betting.
