12. Taxes for non-gaming revenues

           Non-gaming revenues will be subject to the normal taxes or tax exemptions as may be specified by other government agencies under which the applicant is registered, including but not limited to PEZA, Board of Investments and the like.

      13. Number of Licenses to be Issued

           The number of licenses to be issued by PAGCOR will be flexible and will depend on the applicant’s conformity to this Terms of Reference and on the approved Integrated Proposal Concept.


       14. Issuance of License

             A Provisional License will be issued to the winning proponent effective for the duration of the project development period   and shall not exceed the approved completion date of the whole project.

             The Regular Casino Gaming License will be issued upon completion of the Project and upon approval by PAGCOR of the report detailing the actual total cost of the Project to ensure the proponent’s compliance with the approved project cost based on the Project Implementation Plan.   The term of the License shall not exceed the term of PAGCOR as specified in RA 9487.

             No sub-licenses will be issued nor allowed.

        15. Submission of Proposal Concept

           a. Documentary Requirements – If the applicant is a Consortium or group of companies, each company must submit the following documents:

              (1) Company Profile (must highlight experience in casino development and operation).

              (2) Consularized Company Registration, Articles of Incorporation and By-Laws.

              (3) Financial profile including audited financial statements for the last three (3) years of operation.