The Philippine Amusement and Gaming Corp. (PAGCOR) has tightened post-shutdown requirements for gaming system administrators (GSAs), requiring them to remain liable for unsettled player funds even after their platforms are deactivated, according to a report by BusinessWorld.
In a memorandum dated July 13, PAGCOR said GSAs must complete applicable post-operational activities within 90 days from the issuance of a notice approving the shutdown. These activities include settling all outstanding player funds, ensuring proper record retention, and submitting compliance reports to the regulator.
The new rules aim to protect players from losing unclaimed winnings or deposits when a GSA ceases operations. Non-compliance could result in penalties or revocation of the administrator’s license, PAGCOR warned.