Remote Play Poker License Requirements

REMOTE OPERATIONS AND ANCILLARY SERVICES DEPT. CHECKLIST OF REQUIREMENTS Page 1 of 1 (REMOTE PLAY POKER LICENSE) 1. Letter of Intent addressed to the Chairman and CEO of PAGCOR 2. Proof of Payment of the Application Fee. 3. Duly accomplished and notarized Application Form 4. Certified true copy of the Certificate of Registration from the Securities and Exchange Commission 5. Certified true copy of the Articles of Incorporation (AOI) and By-Laws; i. The AOI and by-laws must show that casino gaming is one of the primary purposes of business. If secondary, a copy of the Board’s resolution on the same must be submitted; ii. Authorized Capital Stock at least One Hundred Million Pesos (Php100,000,000.00), with a Paid-up Capital Stock of Twenty-Five Million Pesos (Php25,000,000.00); iii. Compliance with Executive Order No. 65, otherwise known as ‘Promulgating the Eleventh Regular Foreign Investment Negative List” requires that foreign equity shall be limited only to 40% for all forms of gambling (Republic Act No. 7042 as amended by Republic Act No. 8179) except those covered by investment agreements with PAGCOR (Presidential Decree No. 1869, as amended by Republic Ac No. 9478). 6. Certified true copy of the latest General Information Sheet including the beneficial owner page 7. Company Profile 8. Organizational Chart indicating name of person and position in the company with signature of the personnel who prepared the same 9. Business Profile detailing the company’s business model, plans and projections 10. Money Laundering and Terrorist Financing Prevention Plan (MTPP) 11. Remote Play Poker Manual of the Corporation 12. Duly accomplished and notarized Personal Disclosure Sheet (PDS) of all Directors, Officers and the Authorized Representative of the corporation Note: Form may be downloaded in the ROASD website 13. Board Resolution appointing the company’s Authorized Representative to PAGCOR 14. Copy of the Contract of Lease for the operating site Note: Operating site may only be within a PAGCOR-approved Poker Clubs, PAGCOR-operated casino or licensed casino with a junket agreement or integrated resorts; provided, that the host casino or integrated resort must give its consent to the proposed Remote Play (SM) operations 15. Valid Mayor’s Permit / Business Permit 16. Certified true copy of Bureau of Internal Revenue (BIR) Certificate of Registration 17. Certified True Copy of Letter of No Objection from the Local Government Unit 18. Probity Checker Final Report Note: Probity results shall be submitted by the probity checker directly to PAGCOR; the company must ensure timely compliance with the probity requirements to prevent delay in processing.