Philippines gambling license 

A rapidly developing economy in the Far East, the Philippines is considered one of the most promising economies in Asia. A country that has long been involved in global trade due to its strategic location, the Philippines is now also a global manufacturing hub. The presence of a large English speaking population has traditionally helped the growth of the industries in the Philippines.

Philippines Gambling License

 

The Gaming Sector in the Philippines is the second-highest source of revenue after taxation. Traditionally the Gaming Industry both in the Casinos and Online Gaming Sector has been controlled by the regulator cum operator PAGCOR (Philippines Amusement and Gaming Corporation). As a regulator cum business operator, PAGCOR operates both casinos and limited online gaming websites. The land-based operations are mostly limited to PAGCOR approved Casinos and online operations to specialized gaming cafes.

The issuance of Philippines Online Casino Licenses is regulated under the Interactive Gaming Act, 2003  ceza_interactive_gaming_act_jan_03_v1.0 (1). As per the provisions of the Act, the licensing process is regulated by the Cagayan Economic Zone Authority. The Licensees also have to comply with the Interactive Gaming Rules and Regulations, 2004  rules_regulations of the Cagayan Economic Zone Authority. A Code of Practice interactive_gaming_code_of_practice  is also issued for the licensees to regulate their functioning.

How to get a gaming license in the Philippines

Philippines Online Casino Licenses are highly valued and are issued after a thorough investigation of the business and financial backgrounds of the applicants. The Philippines online gaming license holders are allowed to operate all games except the last two, Jueteng and Masiao.

There are basically two types of online gaming licenses in the Philippines

Full License (Online Casino and Sports Betting)

Sports Betting License

The difference between the two licenses lies in the application and license fee which we will describe later.

Application for online casinos in the Philippines can only be made by companies registered in the Philippines.

The application has to be made to the Regulator with the following information/documents:

  • A ‘Personal Probity Form’ containing the Name and details of the applicant and all key officials including Directors, CEO and Company Secretary;
  • A ‘Company Probity Form’ containing the details of the company;
  • Evidence of the intended physical location of the enterprise within the CSEZPF.
  • The Business Plan for the operation.
  • Signed Copy of Industry Code of Practice
  • A Processing Fee of $200.

The fee to be paid for Philippines Casino License

In addition to the above-mentioned documents, additional documents such as Birth Certificates, Copy of Passports and Police Clearance Certificates and References may be required to be submitted.

For obtaining a Philippines Online Casino license the fee depends on the type of license.

For a Full Gaming License, the following fee needs to be paid:

Cost of applying for a new license

Application Fee $40,000 in two installments

($ 15000 at the time of application which is non-refundable and $ 25000 upon issuance of the provisional license which is refundable)

Gaming Levy Gaming Levy: 2% of Gross Win/month from e-casino operations

(Gross Win = Turnover – Player wins – Merchant Discount)

Fee for Sports Betting Operations $ 48,000 per year

For renewal of a license

Renewal Fee $40,000 in two installments

($ 15000 may be offset against gaming levy paid)

Gaming Levy Gaming Levy: 2% of Gross Win/month from e-casino operations

(Gross Win = Turnover – Player wins – Merchant Discount)

Fee for Sports Betting Operations $ 60,000 per year

For a Sports Betting License, the following fees need to be paid

Cost of applying for a new license

Application Fee $ 26000 ( $ 18000 is refundable if application is unsuccessful)
Probity Cost $ 3500
Restrictive Interactive Gaming Tax $ 48,000 per year to be paid on the issuance of a license

Renewal of sports betting license

Renewal Fee $ 15000
Restrictive Interactive Gaming Tax $ 60000 to be paid upfront on renewal

Assistance for a Philippines Online Casino License

The Philippines is an excellent jurisdiction for online gaming entrepreneurs. The location and of the country means that several VIP Gamers are visiting the websites for gaming. Empire has a team of experts who can guide you through all the stages of licensing while you can focus on your business. The Gaming experts at Empire will assist you at every step and possess the necessary on-ground experience. You can reach the Online Gaming License experts at Empire through our website www.empireglobal.partners and or by email at info@empireglobal.partners. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.

Official page of PAGCOR: https://www.pagcor.ph/index.php