{"id":9519,"date":"2025-05-21T10:48:25","date_gmt":"2025-05-21T09:48:25","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=9519"},"modified":"2025-05-21T10:48:30","modified_gmt":"2025-05-21T09:48:30","slug":"pagcor-warns-players-about-the-dangers-of-offshore-companies-offers","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/05\/21\/pagcor-warns-players-about-the-dangers-of-offshore-companies-offers\/","title":{"rendered":"PAGCOR Warns Players About the Dangers of Offshore Companies&#8217; Offers"},"content":{"rendered":"\n<p><strong>PAGCOR<\/strong> has issued a bleak warning to the public against offers being made by operators with fake offshore gaming licences.<\/p>\n\n\n\n<p>The Philippines\u2019 regulatory body claims that the <strong>Lucky 7 Bingo Corporation<\/strong>, which holds a legitimate E-Games venue licence, has been engaging in contact agreements with individuals under the guise of offering \u201cguidance and support to potentially earn <strong>Php50,000 (\u00a3670.50)<\/strong> through the <strong>Lucky 7 Bet Lottery Platform<\/strong>\u201d.<\/p>\n\n\n\n<p>As part of the bogus agreement, bettors are reportedly required to make an upfront initial cash deposit of<strong> Php3,000 (\u00a340)<\/strong>.<\/p>\n\n\n\n<p>PAGCOR confirmed that the licence referenced in these agreements is a fake offshore gaming licence, given that all offshore gaming operations, known as <strong>POGOs<\/strong>, have been banned in the Philippines since the end of 2024.<\/p>\n\n\n\n<p><strong>Atty Jessa Fernandez<\/strong>, Head of PAGCOR\u2019s Offshore Gaming and Licensing Department, warned: \u201cWe urge the public to remain vigilant and always verify the legitimacy of a PAGCOR-licensed gaming entity before entering into any agreements or making any form of payment.<\/p>\n\n\n\n<p>\u201cThe license presented in said agreements is fake, and any engagement based on it is fraudulent. We strongly advise the public to exercise due diligence when engaging with entities claiming to be PAGCOR-accredited.\u201d<\/p>\n\n\n\n<p>Previously, PAGCOR has issued warnings regarding the proliferation of fake websites and fraudulent messages on the messaging platform Viber that impersonate PAGCOR officials.<\/p>\n\n\n\n<p>Alongside the warning, PAGCOR also released a message from its Chairman and CEO, <strong>Alejandro Tengco<\/strong>, who spoke at the recent <strong>International Conference on Responsible Gambling and Addiction<\/strong> in the Philippines.<\/p>\n\n\n\n<p>Tengco reiterated PAGCOR\u2019s commitment to mitigating gambling-related harm through policies such as the automatic exclusion of minors, students and active government employees from gaming venues, PAGCOR\u2019s self-exclusion program and the regulation of gambling advertisements.<\/p>\n\n\n\n<p>\u201cGaming has inherent social risks, but with the right safeguards and collaboration among all sectors, we can ensure the safety and well-being of our players,\u201d said Tengco. \u201cAs regulators, policymakers, industry operators, healthcare professionals, and academicians, we must not only share knowledge but also act as partners in understanding, preventing, and reducing the threats posed by problem gambling.\u201d<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAGCOR has issued a bleak warning to the public against offers being made by operators with fake offshore gaming licences. The Philippines\u2019 regulatory body claims that the Lucky 7 Bingo Corporation, which holds a legitimate E-Games venue licence, has been engaging in contact agreements with individuals under the guise of offering \u201cguidance and support to [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1,24],"tags":[8946,12655,12656,1113,8623],"class_list":["post-9519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","category-regulations","tag-alejandro-tengco","tag-jessa-fernandez","tag-lucky-7-bingo-corporation","tag-pagcor","tag-pogo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PAGCOR Warns Players About the Dangers of Offshore Companies&#039; 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