Philippine regulator shares warning on fake gaming contracts
Philippine gaming regulator PAGCOR has issued a warning about fake gaming contracts being offered to Philippine residents.
The warnings concern allegations against licensed gaming operator Lucky 7 Bingo Corporation. The company operates a legitimate gaming venue business, but according to PAGCOR, it has been offering contracts to individuals based on a fake overseas gaming operation.
The contracts offer a chance to win up to PHP50,000, (US$896)1 PHP = 0.0179 USD
2025-05-19Powered by CMG CurrenShift but the agreement requires participants to make an upfront deposit of PHP3,000. (US$54)1 PHP = 0.0179 USD
2025-05-19Powered by CMG CurrenShift It also refers to an offshore gaming license.
PAGCOR has clarified that the license is fraudulent, as all offshore gaming has been banned in the Philippines since December 31, 2024.
Speaking about the contracts, the head of the Offshore Gaming and Licensing Department at the PAGCOR, Atty. Jessa Fernandez, said that although Lucky 7 Bingo Corporation is a legitimate e-games venue operator, it does not hold a valid offshore license.
Fernadez said, “The license presented in said agreements is fake, and any engagement based on it is fraudulent. We strongly advise the public to exercise due diligence when engaging with entities claiming to be PAGCOR-accredited.”
She also urged to public to always verify that a site was licensed correctly before making any form of payment through it.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
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