The Philippines has one of the most promising economies in Asia. It has a strategic location and a large English-speaking population. These helped the country’s growth in global trade. It is the only nation in
The Philippines has one of the most promising economies in Asia. It has a strategic location and a large English-speaking population. These helped the country’s growth in global trade. It is the only nation in this continent that issues gambling licenses. Operators can conduct businesses related to casinos, slot online, and other gambling activities. The Asian population is so huge that most operators want to penetrate its market. This is why the Philippines Gambling License is one of the most coveted for online casinos.
The Interactive Gaming Act of 2003 regulates the issuance of the Filipino license. A law passed in 2017 prohibits operators to offer their services to Filipinos.
The Philippines Amusement and Gaming Corporation regulates the gaming sector in the country. The gaming sector in the Philippines provides the highest revenue next to taxation. PAGCOR operates both casinos and online gaming websites. Online operations are usually limited to specialized gaming cafes.
Under the Interactive Gaming Act of 2003, the CEZA regulates the licensing process. CEZA stands for Cagayan Economic Zone Authority.
Types of licenses
There are two types of online gaming licenses in the Philippines. These are the Full License and Sports Betting License.
Only companies registered in the Philippines can apply for Filipino licenses. The applicant must submit the following documents to the Regulator:
- Personal Probity Form
this must contain the name and details of the applicant, as well as all key officials
- Company Probity Form
this should have the details of the company
- evidence of the intended physical location of the enterprise
this should be within the CSEZPF
- business plan for the operation
- a signed copy of Industry Code of Practice
- $200 processing fee
Aside from the above documents, the Regulator may ask applicants for more documents. These may include birth certificate, copy of passports, police clearance certificates, and references.
The fee for a Philippines Online Casino License depends on the license type.
Full Gaming License
- Application fee of $40,000 in two installments
- $15,000 non-refundable fee at the time of application
- $25,000 refundable fee upon issuance of the provisional license
- Gaming levy
- 2% of gross win/month from e-casino operations
- Gross win = turnover – player wins – merchant discount
Sports Betting License
- Application fee of $26,000
- $18,000 (refundable if the application is unsuccessful)
- Probity cost of $3,500
- Annual restrictive interactive gaming tax of $48,000
- A renewal fee of $15,000
- Restrictive interactive gaming tax of $60,000 upfront fee on renewal