Revision of the Guidelines Covering Multi-Currency Electronic Gaming Machines with Reference Nos: V4-A003-2023, CV2-A003-2023, FV2-A003-2023, GF1-A001-2023
December 6, 2023
TO ALL LICENSEES
SUBJECT REVISION OF THE GUIDELINES COVERING MULTI.
REFERENCE NOS: V4-A003-2023, CV2-A003-2023, CURRENCY ELECTRONIC GAMING MACHINES WITH FV2-A003-2023, GF1-A001-2023|
Please be informed that the PAGCOR Board of Directors, in its meeting on November 22, 2023, approved the following revisions on Regulation 4 (Electronic Gaming Machines), Section 12 (Multi-Currency Electronic Gaming Machines):
1. Under General Guidelines
BSP Rate. (d) Foreign currencies cash-in for to its Philippine (PhP) equivalent only. in the EGMs shall be the prevailing gaming purposes, shall be converted The foreign exchange rate to be used From exchange rate to-be used in the EGMs d) gaming purposes in the EGMs only, shall be converted to its Philippine (PhP)equivalent. variance_rate_thereshold_within the range of plus or minus (+/-) 2% of the BSP Rate. shall be the casino's Cage rate with a Foreign currencies cash-in for To The foreign
2. Under Acceptable Currency
From To
Kong Dollar). applicabie Machines version 1.0 (i.e., Philippine feature, those stated in the Philippine Peso, United States Dollar and Hong (d) For the EGMs with multi-currency configured Standard bill toalso currenciesaside from for Electronic Gaming validatorsmust acceptother be for Electronic Gaming Machines. feature, configured to accept yalid bills of PHP or any permitted currency pursuant to thePAGCORTechnical_Standards (d) For the EGMs with multi-currency bill validatorsmust be
3.Under Maintenance of Foreign Exchange
of-the Licensee (a)The daily updating of the foreign (a) The daily updating of the foreign exchange rate shall be done at the by the PMT along with representatives PMT's Office and should be witnessed From exchange rate shall be carried out by the representatives of the Licensee in close coordination with the PMT To
NOTHING FOLLOWS
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