Since September of last year, PAGCOR’s new management has been reviewing existing contracts, including the one with Global ComRCI. Gatchalian had called for the regulator to terminate the contract as soon as possible. Senator Sherwin Gatchalian had questioned PAGCOR over its hiring of Global ComRCI as an external auditor for POGOs after a New York-based bank denied issuing the certificate that helped the firm win its PHP6bn contract. It promises a transparent bidding process. In the absence of an external auditor, it will temporarily undertake auditing functions for its offshore licensees until it can contract another third-party auditor. PAGCOR has endorsed the matter to the Office of the Solicitor General for potential legal action. The regulator cited “unlawful acts” as a reason for its decision and said it had issued a notice to terminate the contract after “careful investigation”.
(PAGCOR) has announced that it has decided to terminate its consultancy contract with Global ComRCI, which served as a third-party auditor for licensed offshore gaming operations. The Philippine Amusement and Gaming Corp.
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