Casinos play a significant role in promoting tourism and bringing in revenue to a country. However, it is essential to regulate these establishments to ensure fairness, transparency, and the prevention of negative social impacts. The Philippines is one country that has recognized the importance of regulating casinos, and various laws and regulations have been put in place to govern their operations.
One of the primary organizations responsible for overseeing the casino industry in the Philippines is the Philippine Amusement and Gaming Corporation (PAGCOR). Established in 1977, PAGCOR is a government-owned and controlled corporation that regulates and operates gambling activities in the country. As the main regulatory body, it is tasked with monitoring and enforcing the laws related to casinos and other gambling activities.
The main law that governs the casino industry is the Presidential Decree No. 1869, also known as the PAGCOR Charter. This law grants PAGCOR the exclusive authority to regulate and operate gambling activities and casinos in the Philippines. It establishes the guidelines for the establishment, licensing, and operation of casinos and ensures that they are operated in a fair and transparent manner.