Internet Gaming License Requirements (New Application)

INTERNET GAMING LICENSE REQUIREMENTS (NEW APPLICATION) A. DOCUMENTARY REQUIREMENTS 1. Letter of intent addressed to the Chairman and CEO of PAGCOR; 2. Duly accomplished and notarized application form (OGLD Form No.1051); 3. *Securities and Exchange Commission (SEC) Registration or its foreign equivalent; 4. *Articles of Incorporation (AOI) 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 or its foreign equivalent; 6. Company overview and profile; 7. Organizational chart indicating the names of persons occupying the positions; 8. Business profile detailing the company’s business model, plan and projections; 9. Money Laundering and Terrorist Financing Prevention Plan (MTPP); 10. Duly accomplished and notarized Personal Disclosure Sheet (PDS) (OGLD Form No. 1050) of authorized representative and key officers of the corporation; 11. Board Resolution or Secretary’s Certificate appointing Authorized Representative; 12. Declaration of Security Compliance Officer; 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 **The Foreign-based Licensee must appoint an accredited Local Gaming Agent subject to existing regulations. B. LOCATIONAL REQUIREMENTS 1. The operating site shall have a maximum floor area of 25,000 square meters inclusive of the floor area of the Support Provider; 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 betting system of the Licensee’s website was extensively tested and has been found compliant with the following standards: i. All data are captured, accounted, and reported by the system; and ii. Game is fair, secure, and able to be audited and operated correctly. 4. Certification from an independent testing laboratory attesting to Internet Protocol (IP) blocking of all Philippine IP addresses excluding an IP address designated by PAGCOR; 5. AMLC Certificate of Registration; 6. Manpower list; 7. Responsible gaming program; 8. Pre-operational inspection and walkthrough by the OGLD and other relevant departments; and 9. 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.