On the other hand, Bmy88casino guideline of online sabong or E-Sabong is directed by the Philippine Entertainment and Gaming Partnership compliant with the PAGCOR Sanction which reality was explained by the Workplace of the Specialist General and the Branch of Equity.
The Applicant must submit a Letter of Intent
A. The Applicant must submit a Letter of Intent (LOI) addressed to the Chairman
and CEO of PAGCOR.
Only corporations duly registered with the Securities and Exchange
B. Commission (SEC) may apply as an E-Sabong Operator, referred herein as
the Applicant.
The Applicant must pass PAGCOR’s standard
C. The Applicant must pass PAGCOR’s standard probity check for gaming
operator suitability and comply with all documentary and system requirements.
D. The E-Sabong Licensing Department (ESLD) shall process all applications for
licensing as an E-Sabong Operator.
The Applicant shall submit a duly filled-out E-Sabong Operator Registration Form
The Applicant shall submit a duly filled-out E-Sabong Operator Registration
Form – Application for License (ES Form No. 1) together with the following
requirements:
A. Company-related requirements:
i. Company profile;
ii. Detailed location sketch of company office;
iii. Copy of Registration Certificate from Securities and Exchange
Commission (SEC) with required capitalization of 50 Million Pesos
authorized capital stocks and 12.5 Million Pesos paid-up capital;
iv. Articles of Incorporation, By-laws duly approved by the SEC;
v. Latest General Information Sheet (GIS) duly filed with SEC;
vi. Photocopy of the following documents:
a. Mayor’s Permit/Business Permit/Municipal License for the
relevant gaming activities from the location of the company
office;
b. BIR Registration Certificate;
Thoughts
Cockfighting or sabong is a game wherein two roosters fight in a closed space as spectators bet between the “llamado”—the rooster with more bets—and “dehado” or the underdog. Bettors have certain qualifications, like the rooster’s breed and stature, in choosing which one to bet on.
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THE LICENSING OF E-SABONG OPERATORS
