Memorandum on the Clarification on the Remittance Procedures for PAGCOR Share and Audit Fee

Philippine Amusement and Gaming Corporation

PAgCor I-GAMING LICENSING & REGULATION GROUP BAGONG PILIPINAS

Electronic Gaming Licensing Department

MEMORANDUM 27 August 2024

TO ALL GAMING VENUE OPERATORS

ALL SERVICE PROVIDERS ALLLICENSEES OF INTEGRATED RESORTS

FROM THE ASSISTANT VICE PRESIDENT II

SUBJECT CLARIFICATION ON THE REMITTANCE PROCEDURES FOR PAGCOR SHARE AND AUDIT FEE

and Rates on Gaming Venue Operations Rev. No. 2, prescribing, among others, the This refers to the provisions of the recently issued Regulatory Framework for the Fees

revisions/amendments to the remittance guidelines for PAGCOR Share along with the Audit Fee.

1. Article IV (Monetary Obligations), Item no. 2 states that:

gaming system for locally linked gaming machines (within the gaming venue)." subject to an additional ten percent (10%) audit fee, computed based on the "2.Remittance of PAGCOR Share computed from the above rates shall still be PAGCOR Share for all games except for on-site games utilizing an electronic

From the above provision, please be informed that the Operators are required to remit to PAGCOR the PAGCOR Share as scheduled, along with the additional ten percent (10%) machine-type terminals linked only by a local server installed within the gaming venue Audit Fee computed based on the PAGCOR Share, except for the gaming venues utilizing

Notably, PAGCOR's Accounting Department shall no ionger issue separate billings or statements of account for the Audit Fee. Instead, all Operators shall proceed with the scheduled remittances of the amount due to PAGCOR at its Landbank of the Philippines (LBP) accounts as follows:

Account No. Amount Due toPAGCOR Income Source/Game Offering

3401-3263-82 PAGCOR Gaming Fund PAGCOR Share Electronic (eCasino) Games, Sports Betting Online Gaming Platforms (OGP) of Integrated Resorts for on-premise and online gaming Online Poker Games, Specialty Games and operations

Savings Account PAGCORBingo 1441-0526-30 operations Electronic Bingo (eBingo) Games and Traditional Bingo Games for on-premise and online gaming

MET Live Building, Metro Park, EDSA Extension corner Pres. Diosdado Macapagal Blvd, Pasay City, Metro Manila Website: www.pagcor.ph

P66ES2y-s28

Fund PAGCOROPEX 3402-1036-70 Account No. Amount Due to PAGCOR Audit Fee All Game Offerings and OGPs of Integrated Resorts Income Source/Game Offering

2. Article IV (Monetary Obligations), Item 9 states that:

in interest penalty of twelve (12%) per annum on all remittances made after the basis. prescribed remittance schedule up to the time of payment, prorated on a daily "9. Failure of the Operator to remit the amount due to PAGCOR on time shall result

As remittance of PAGCOR Share shall be carried out along with the corresponding Audi Fee, such imposition of interest penalty shall likewise apply to late or non-remittance of the Audit Fee, as scheduled.

the erring Operator may be imposed with the following: Thus, all Gaming Venue Operators, in coordination with the concerned Service Providers are hereby directed to settle any unremitted Audit Fee, as scheduled. Failure to do so,

1. Interest penalty/charge of 12% per annum for every day of non-remittance prorated on a daily basis; and

2. Penalty, after the lapse of the five (5)-day grace period, as prescribed in the existing Regulatory Framework for Offenses and Penalties (Remote Gaming Operation)

For your guidance and strict compliance.

Thank you.

JEREMY GLUG

CC VP,IGLRG VP,MEG VP,FG OIC,CMED-EG A/AVP,AD OCCEO