There are only a few countries in Asia that accept casinos and other gambling activities. Most Asian countries put an illegal status on gambling. Inhabitants of Asia compose more than 60% of the population across the globe. Its sheer number makes it the largest gambling market in the whole world. Plenty of online casino operators want to penetrate the Asian market. One reason is the massive number of potential players they can gain in the continent. Some parts of Asia still take part in various betting activities. There are Judi bola, slot machines, and lotteries in the region. There are only two gaming regulators and licensing bodies in the area. Both are in the Philippines.
The Philippines is the only Asian country that issues online gambling licenses. Operators targeting Asia need to get a Filipino license first. This will let them gain influence and allow them to penetrate the Asian market.
Philippine Amusement and Gaming Corporation
PAGCOR governs land-based venues. Its regulation over web-based gaming in the Philippines is still underway. Operators based in the Philippines can enjoy extensive tax credits. Another great thing about PAGCOR is that it does not restrict operators too much. They can offer their games to customers from anywhere in the world. The only restriction is that operators should not target Filipino residents. Operators are also not allowed to take bets on sporting events in the Philippines.
First Cagayan Leisure and Resort Corporation
As mentioned, PAGCOR takes care of land-based venues. The First Cagayan Leisure and Resort Corporation offers e-gaming licenses. Its purposes in tourism-related facilities and activities include:
- buying; and
Activities included are:
- golf courses;
- internet games;
- recreational sports; and more.
It also aims to establish and set up a Network Operation center/Hub through its internet server. This includes web sites, application programs, gaming software, administrative software, hardware, and the internet. Also, telecommunication connections, a collection payment systems, and toll-free telephone operations. All these are in connection with the operation, development, and conduct of internet and gaming enterprises and facilities. The FCLRC regulates and monitors on behalf of the Cagayan Economic Zone Authority. Included are activities that pertain to the licensing and operation of interactive games.
Its main jurisdiction involves the Cagayan Special Economic Zone. Also, the Freeport in the Municipality of Santa Ana and the neighboring islands of Aparri. Associated fees vary from one applicant to another. The fees depend on what the operator plans to offer and many other factors.