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Philippines new online gambling licensing jurisdiction has been launched

Sunday May 22,2016 : NEW ONLINE GAMBLING LICENSING JURISDICTION
 
Philippines launches new gaming jurisdiction in Aurora province.
 
A new online gambling licensing jurisdiction has been launched in the Philippines, barely 172 miles from the Cagayan Economic Zone Authority where master licensor First Cagayan Leisure and Resort Corp is allowed to issue online and land-based gaming licences.
 
The new gaming jurisdiction is located in Casiguran in Aurora province, an economically underdeveloped part of Luzon, and is physically situated within the Aurora Pacific Economic Zone and Freeport Authority (known as APECO).
 
Local media reports note that the focus will initially be on issuing online gaming licences, with the option of including land gambling operators at some future stage.
 
Pacific Seaboard Leisure and Entertainment Corp. has been authorised as the exclusive master licensor for the next 25 years, with CEO Victor Lazatin informing local reporters:
 
“We thought of initially starting… with online gaming, because it’s easier to set up. And then later on we’ll go into land-based casinos.”
 
The new body is looking to attract online gaming firms, using a licence fee structure similar to that at Cagayan.
 
Lazatin said that applications for gaming licences should be directly filed to Pacific Seaboard, which will be in charge of screening the applicants and handling the financial and legal aspects of applications.
 
Decisions on the award of gaming licences will be the joint responsibility of Pacific Seaboard and the Aurora Pacific Economic Zone and Freeport Authority.
 
The latter will charge US$40,000 annually – inclusive of application fees – to licence interactive gaming. The same costs will apply regarding a licence for Internet casino operations or for a studio-based live video streaming service featuring live-dealer table games.
 
Additionally, there will be a “gaming levy” of 2 percent of licensees’ gross win per month, or a US$5,000-minimum levy per table per month: whichever is higher.
 
APECO will however offer companies locating there what it refers to as an “income tax holiday”.
 
The APECO port will be opened in June of 2017 following expansion activity, officials revealed

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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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