State-run Philippine Amusement and Gaming Corp. reiterated Tuesday that it is standing pat on its decision to grant offshore gaming licenses.
“Pagcor stands by its ground that it has been carrying out its mandate within the bounds of its charter to “operate, authorize and license games of chance, games of cards and games of numbers in the Philippines,” the regulator said in a statement.
“We understand that there is a pending case filed before the Supreme Court concerning the matter at hand. The state-run gaming agency shall await and abide by the High Court’s decision on this,” the agency added.
Pagcor said as the third largest contributor of revenues to the government, next to the Bureau of Internal Revenue and Bureau of Customs,it had the country’s best interest in mind.