PAGCOR stands for Philippine Amusement and Gaming Corporation, which is a government-owned and controlled corporation in the Philippines that regulates and licenses gambling operations in the country. A PAGCOR gambling license is a permit issued by the corporation to authorize the operation of a casino or other gambling establishment within the Philippines. The license is granted to qualified applicants who have met the requirements and standards set by PAGCOR for responsible and ethical gambling practices. The license also ensures that the gambling operation is legal and regulated in accordance with Philippine laws and regulations.