Philippine Amusement and Gaming Corporation (PAGCOR), one of the main gambling regulators in the Philippines announced that Playtech shall now solely take over the country’s supply of RNG (random number generator) games to all gambling and gaming licensees operating within the country.
The gaming regulator recently stated that Montford Inc. has been accredited to provide gaming software to POGO (Philippine Offshoring Gambling Operations) licensees. Montford is a well-established distributor of RNG-based casino games platforms that are mainly developed by the gaming tycoon Playtech.
PAGCOR also stated that effective immediately, any POGO licensee who are found to be utilizing and engaging in gaming activities that are developed by unauthorized suppliers will face stiff penalties and administrative sanctions.
These sanctions include 20 points mark down on PAGCOR’s OGRM (Offshore Gaming Regulatory Manual) for companies that will use non-Playtech RNG games. This can escalate to the total cessation of a company’s gaming license should non-compliance be observed on a regular basis.
PAGCOR has not issued any other statement clarifying whether other RNG gaming providers will be accepted for accreditation in the future. Although it is undoubtedly true that Playtech has been providing excellent RNG products for some time now, other operators still find it ridiculous for Playtech to gain a monopoly on the RNG gambling scene as other POGO licensees have invested in other casino software providers.
Playtech Strengthening Asia-Pacific Presence
There is a lot of market competition between the top casino software providers in the world. Top companies like Microgaming, Playtech and NetEnt are always looking to expand their reach and grab a bigger piece of the lucrative online gambling market.
With the online gambling scene heating up in Asia, Playtech has focused on strengthening its presence in the Asia-Pacific region. This monopoly carried by Playtech over POGO licensees which is comprised mainly of Asian gaming operators could help strengthen the company’s presence in Asia.
While a significant percentage of Playtech’s revenue comes from Asian iGaming operators, it has also proved to be a dilemma for the company because while Asian online casino operators have boosted revenue, it has also been one of its weakest links as Asian-facing business partners have always been a subject of great scrutiny from the authorities.
Playtech also has exclusive rights in Poland after it signed an agreement to be the tech partner of Totalizator Sportowy to offer an exclusive eKasyno to Polish players.