The Clark Development Corporation (CDC) has vowed to stop processing new lease or sub-lease applications by offshore gaming operators following the recent closure of an offshore gaming hub at Sun Valley Clark for illegal activities.
According to information provided by gaming regulator PAGCOR on Tuesday, the CDC Board of Directors agreed to prevent any new POGOs or related service providers from setting up shop in the Clark Freeport Zone on the recommendation of CDC management.
CDC President and CEO Agnes Devanadera said, “The CDC will no longer process or approve the operation of any incoming overseas gaming, even if they already have license from PAGCOR.”
The restriction means that Clark will remain home only to the four remaining accredited service providers and one licensed offshore gaming operator currently based out of the freeport.
As reported by Inside Asian Gaming, PAGCOR last month cancelled the provisional accreditation of Sun Valley Clark as an offshore gaming hub within the Clark Freeport Zone for its failure to ensure a lawful and orderly conduct of offshore gaming by its occupants in its registered sites.
It also revoked the accreditation of CGC Technologies, an offshore gaming service provider based in Pampanga after the company was embroiled in various allegations including credit card fraud, serious illegal detention and human trafficking activities.
PAGCOR announced at a Friday press conference that it will from now on issue show-cause orders and fines of US$50,000 to any POGO licensees or service providers that allow other companies to operate under their license.
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