Pagcor orders closure of LRWC non-compliant e-games, bingo

The Philippine Gaming and Amusement Corp. (Pagcor) has ordered two subsidiaries of listed Leisure & Resorts World Corp. (LRWC) to stop their operations of electronic games and bingo parlors that have been violating regulations.

In separate disclosures released by the Philippine Stock Exchange on Friday, LRWC Vice President Katrina Nepomuceno said the firm’s subsidiaries Total Gamezone Xtreme Inc. (TGX) and AB Leisure Exponent Inc. (ABLE) received notices from Pagcor to immediately close their outlets of electronic games and bingo parlors that violate the distance guidelines in Section 2 of Regulation 3 of the Gaming Site Regulatory Manual (GSRM) for Electronic Games.