The Philippine Amusement and Gaming Corporation (PAGCOR) is warning the public against some unscrupulous individuals who have been using the agency’s name to engage in bogus bidding transactions.
The state-run-gaming agency recently received reports of fraudsters posing as PAGCOR employees asking local business owners to join a bidding for the supply of pastries and bottled water to PAGCOR, including its Casino Filipino branches.
These fraudsters used fake documents and forged the signatures of some PAGCOR officials to ask for hefty fees, which will allegedly help the suppliers secure a contract with PAGCOR.
PAGCOR is warning the public, especially local business owners, not to fall prey to these fraudulent activities.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.