Authorized Provider Requirements (New Application)

AUTHORIZED PROVIDER REQUIREMENTS (NEW APPLICATION) A. DOCUMENTARY REQUIREMENTS 1. Letter of intent addressed to the Chairman and Chief Executive Officer of the PAGCOR; 2. Duly accomplished and notarized application form (OGLD Form No.1053); 3. *Securities and Exchange Commission (SEC) registration; 4. *Articles of incorporation and by-laws duly stamped and received by the SEC; i. The articles of incorporation and by-laws must show that gaming is one of the primary purposes of business; if secondary, a copy of the board resolution ratifying the same should be submitted. ii. Authorized capital stock of at least one hundred million pesos (Php 100,000,000.00) with a paid-up capital stock of at least twenty-five million pesos (Php 25,000,000.00). 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 Act No. 9478). 5. *Latest General Information Sheet (GIS) with beneficial ownership declaration page; 6. Service Agreement between Licensee and Authorized Provider; 7. Company overview and profile; 8. Organizational chart indicating the names of persons occupying the positions; 9. Business profile detailing the company’s business model, plan, and projections; 10. Money Laundering and Terrorist Financing Prevention plan (MTPP); 11. Duly accomplished and notarized Personal Disclosure Sheet (PDS) (OGLD Form No. 1050) of authorized representative and key officers of the corporation; 12. Board Resolution or Secretary’s Certificate appointing Authorized Representative; 13. *BIR Certificate of Registration; 14. Result of evaluation issued by an accredited probity checker of the OGLD; and 15. Proof of payment of the application fee. *Certified True Copy of document B. LOCATIONAL REQUIREMENTS 1. The operating site shall have a maximum floor area of 10,000 square meters; 2. Operating site must not be in a residential area, or any area restricted by PAGCOR; 3. Lease contract or certificate of ownership of operating site indicating floor area; and 4. In the absence of a city or municipal ordinance stating otherwise, original or certified true copy of letter of no objection (LONO) issued by the local government unit where the licensee’s office will be located. C. PRE-OPERATIONAL REQUIREMENTS 1. Posting of the performance bond; 2. Onsite access for the purpose of viewing and extraction of essential data from the back office. The access should have a download or export function to allow efficient data gathering and analysis; 3. Certification from an independent testing laboratory certifying that the games and/or system of the authorized provider were extensively tested and has been found to be fair and secure; 4. AMLC Certificate of Registration; 5. Manpower list; 6. Responsible gaming program; 7. Pre-operational inspection and walkthrough by the OGLD and other relevant departments; and 8. Notice to Commence Operations issued by the OGLD. NOTE: All documentary requirements must be labeled and arranged in order as listed in the Checklist of Requirements. All documentary requirements must be printed on an A4-size paper for submission to OGLD Office. APPLICATIONS WITH INCOMPLETE INFORMATION / REQUIREMENTS WILL NOT BE ACCEPTED.