Amendment to PAGCOR Charter Franchise Term

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Republic Act No. 9487: Amendment to PAGCOR Charter Franchise Term

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Title Source: Supreme Court: Amendment to PAGCOR Charter Franchise Term

Law: Republic Act No. 9487

Decision Date: Jun 20, 2007

Republic Act No. 9487 amends the PAGCOR Charter, granting the Philippine Amusement and Gaming Corporation a franchise to operate and license gambling establishments, with certain limitations and regulations.

Law Summary

Restrictions on Slot Machine Operations

Slot machines and similar gambling equipment prohibited in establishments open or accessible to the general public.
Allowed only in three-star hotels and resorts accredited by the Department of Tourism with authorization from PAGCOR and the concerned LGU.

Limitations on PAGCOR's Authority

PAGCOR cannot authorize, license, or regulate:
1. Games of chance covered by existing franchises or regulatory bodies.
2. Games regulated by special laws such as Republic Act No. 7922.
3. Local games like cockfighting regulated by local government units.
These exclusions remain under respective franchises, regulatory bodies, or LGUs and are not subject to PAGCOR’s licensing or regulation.

Expanded Corporate Powers of PAGCOR

PAGCOR empowered to enter into contracts of any legal type necessary or incidental to its business.
Examples include investment agreements, joint ventures, management and agency agreements, manpower supply agreements.
PAGCOR may act either as principal or agent.

Repealing Clause

All laws, decrees, rules, or regulations inconsistent with this act are repealed, amended, or modified accordingly.

Effectivity

The Act takes effect 15 days after publication in at least two newspapers of general circulation.
Publication initiative is on the part of the grantee (PAGCOR).

END