The Philippines may cap the number of its new online gambling licenses at 50 until it can determine whether there is enough demand to meet the supply.

On Monday, a Philippine Amusement and Gaming Corporation (PAGCOR) exec said the regulator intends to limit the number of available Philippine Offshore Gaming Operator (POGO) licenses pending an audit to determine whether licensed operators are growing the pie or cannibalizing each other’s revenue.

PAGCOR announced its POGO licensing program last year as a way to exert greater control over the industry. A total of 42 POGO licenses have been issued to date, and while PAGCOR recently stated that a further 44 applications were pending, that number has since shrunk to 12 – four of which may not make the cut.

Jose S. Tria Jr., assistant VP of PAGCOR’s Offshore Gaming Licensing Department, told reporters that he couldn’t offer a specific timeline for when the POGO license moratorium could take effect because PAGCOR’s automatic auditing system for POGO licensees’ revenue likely won’t be installed until September.