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New online license for “Regulated Wageri...

New online license for “Regulated Wagering Events” in Philippines

New online license for “Regulated Wagering Events” in Philippines

Published on Wed May 10 2017

Philippine Amusement and Gaming Corporation (PAGCOR) announced the issuance of a new offshore gaming licence for sports betting on regulated wagering events.

The new sports betting class is for any offshore gaming operator “that accepts and/or facilitates wagers on regulated gaming events, such as but not limited to, horse or dog races, and provides to its customers, live event audio and/or visual feeds of such regulated gaming events, and such events are regulated by a foreign governing body.”

This particular licence is limited to offshore gaming operators who pay taxes or who will pay a percentage of their income.
Also, there are some criteria to be permitted by the Applicant which can be found in the Announcement.

All licensees must pay the 1.5% of their income to Philippine Amusement and Gaming Corporation (PAGCOR) on monthly basis.

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