What is GCP - Philippines Onshore Land-Based Gaming Operator (Gaming Corporation Permit)?
The Gaming Corporation Permit (GCP) is a license issued by the Philippine Amusement and Gaming Corporation (PAGCOR) to regulate and oversee land-based gaming operations within the Philippines. This license applies to various land-based gaming facilities, including casinos, racetracks, and lotteries.
Application Process:
- Eligibility Review:Applicants must undergo a thorough background and financial check to ensure they have the necessary qualifications and financial stability to operate a gaming business.
- Infrastructure Requirements:Applicants are required to submit detailed facility plans, including security measures and operational strategies, to ensure compliance with PAGCOR’s standards.
- License Fees:Depending on the size and scope of the facility, applicants must pay the corresponding license fees.
Regulatory Measures:
- Onsite Inspections:PAGCOR regularly conducts onsite inspections of licensed facilities to ensure compliance with all relevant laws and regulations.
- Financial Audits:Licensed operators are required to submit regular financial reports, which PAGCOR audits to ensure the legality and transparency of their revenues.
Key Differences Between GCP, PIGO, IGL, and POGO Licenses:
Target Audience:
- GCP: Onshore land-based gaming customers within the Philippines.
- PIGO: Online gaming customers within the local Philippine market.
- IGL: Offshore online gaming customers, primarily targeting overseas markets.
- POGO: Offshore online gaming customers, primarily targeting markets such as mainland China and other foreign regions.
Operating Model:
- GCP: Land-based operations.
- PIGO: A combination of land-based and remote operations.
- IGL: Offshore online operations.
- POGO: Offshore online operations.
Regulation and Compliance:
- GCP: Onsite inspections and financial audits.
- PIGO: Onsite and technical inspections, including Know Your Customer (KYC) checks.
- IGL: Technical monitoring and data transparency.
- POGO: Technical monitoring and data transparency.