Philippines License Casinos
General Information. All the gambling activities in Philippines are regulated by Philippine Amusement and Gaming Corporation (PAGCOR), organization that provide licenses to foreign businessmen who want to open a casino under the Philippine license.
According to new laws the payment for processing the application for a license for an online casino is $50 000, and the royalty itself reaches $ 200 000. Show more
Type of License
New offshore gaming licenses of PAGCOR have limitations on the audience of users to whom operators can provide services. Customers of operators can only be citizens of other countries, where online gambling is allowed. These customers can not be located in the Philippines.
The license is expensive, more expensive even that in most Asian regulators, but due to a lot of bonuses, rewards and low tax rates it is one of the most profitable options for those who want to create an online casino.
In addition, operators can also purchase, for a fee, a special permit for the right to supply gambling entertainment in certain categories, to which they will be able to issue a special cost.
Philippines are becoming new gambling center in Asia, and so its laws and regulations are very strict. Each company is carefully checked for possible violations, PAGCOR is monitoring complaints from customers, if there are any.
Moreover, since PAGCOR is governmental organization, it’s regulations violations may have consequences both in the form of fines and imprisonment.
Benefits of Philippines License
- Low taxes and beneficial tax holidays
- Updated laws that are loyal to foreign companies
- Ability to get bonuses and rewards for conducting fair play business
- No minimum share capital for an iGaming company needed
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