Who owns a legal e-Sabong or online Sabong company in the Philippines? (Sabong Arena)
Genre
Sabong Arena
Keywords
Legal Online Sabong
Article ID
00000379
In the Philippines, betting on savons is actually legal! However, due to COVID-19 restrictions, cockfighting events have not yet been allowed, so this type of sport has turned into e-sabong or online sabong.
Andre Admingo, Chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), is currently allowed to legally operate e-sabong or online savons at Lucky8 Starquest, owned by Atong Ang, and Belvedere Corp, owned by Bong Pineda. Announced that there are only two companies.
The gambling icon was able to legally operate an online “Savon” or cockfighting company after paying a performance bond of 75 million pesos set by PAGCOR.
Domingo has revealed that online savon is legal as long as the company has a license to operate it.
She added that most of the proceeds go to President Rodrigo Duterte’s Social Fund. These funds will then be used to fund hospitals and increase the budget for cash aid to Filipino citizens during the pandemic.
Illegal e-Sabong operator
Oriental Capital Venture, Enquentro, and Magnus tried to apply for a license, but failed to pay the performance deposit.
Although these companies do not appear to violate the law, PAGCOR’s chairman finds two illegal e-sabong operators, sabonginternational.com and kingsportslive.com, that accept online betting without a license. Said that.
According to Domingo, both illegal cockfighting websites were run by parliamentarians, but did not identify their politicians or their hometowns.
Where to get an e-Sabong license
The· E-Sabong licensing department PAGCOR’s (ESLD) handles the processing and issuance of licenses for e-sabong operations, as well as offsite gambling / betting-related tasks for live cockfighting matches and online / remote streaming activities.
Who owns a legal e-Sabong or online Sabong company in the Philippines?
https://www.businessnews.com.ph/who-owns-legal-e-sabong-or-online-sabong-companies-in-the-philippines-20210510/ Who owns a legal e-Sabong or online Sabong company in the Philippines?
