Philippine-listed gaming technology provider PhilWeb Corp. has petitioned the Manila Regional Trial Court to stop the implementation of a new regulation that could give competitor Inter-Active Entertainment Solutions Technologies Inc. (IEST) advantages in being monitored by a third-party auditor.
According to the Philippine Daily Inquirer, the lawsuit was directed at the Philippine Amusement and Gaming Corporation (PAGCOR), which is proposing an Electronic Gaming Management System, the service of which is being bid out.
PhilWeb said that IEST alone possesses an Intellectual Property Licensing and Management Agreement (IPLMA), which gives it less coverage under the new rules. The EGMS, according to the bidding document, will cover a company’s products, save for those already covered by existing intellectual property licensing agreements, which will exclude IEST from some of the new requirements.
“IEST, as the lone IPLMA holder, already possesses tremendous benefits and advantages over its competitors… But if the EGMS pushes through, as it is defined and delineated by Pagcor in its invitation to bid, the advantages in favor of IEST will be increased significantly,” the petition read. PhilWeb’s IPLMA expired in 2016.