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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
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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