THE Philippine Amusement and Gaming Corp. (Pagcor) is taking flight its order for Leisure & Resorts World Corp. (LRWC) and all its subsidiaries to cease their operations due to earlier non-compliance with distance restrict recommendations.
LRWC stated it obtained notices from Pagcor via e-mail on Monday withdrawing its preceding order to revoke the licenses of the corporation and its subsidiaries.
“The (Pagcor) approval turned into based on the recommendation…to honor the licenses of operators whose gaming websites are placed inner malls, arcades and lodges, and keep in mind them exempted from distance requirements,” LRWC said in a disclosure to the Philippine Stock Exchange (PSE).
Earlier in the month, Pagcor had ordered LRWC and its subsidiaries AB Leisure Exponent Inc. (ABLE) and Total Gamezone Xtreme Inc. (TGX) “to straight away quit the operations” of all their shops of digital video games and bingos “due to non-compliance with the space limit tips below Section 2 of Regulation three of the Gaming Site Regulatory Manual (GSRM) for Electronic Games version 2.0.”
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