December 7, 2020. DFNN has been awarded the rights for the first regulated online casino in the Philippines, as the country opens its doors to domestic online gaming. The Philippine gaming technology company will be offering its services through the URL inplay .ph. Few other details were immediately available. CalvinAyre.com says – The Philippines is a unique and highly valuable gaming license to hold as it’s the sole license available to companies who want to do business in the highly lucrative 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... Online gaming is a tempting target, and the Philippines’ digital security framework is being encouraged to improve IT security and access in both physical and regulatory terms. It has been acknowledged that PEZA has some objections to the online gaming sector, and has said that it may consider to withdraw the accreditation of any PEZA licensed building that houses an online gaming related businesses. A unit of technology firm DFNN Inc. has obtained a first-of-its-kind license from the state-owned Philippine Gaming and Amusement Corp. (Pagcor) to operate an online gaming platform for the local online gambling site licensed in the Philippines is restricted from offering its services to Filipinos. This has created a situation in which PAGCOR has a monopoly on land-based gambling but is cut off from its own market online. Cagayan Freeport and Online Gambling License. The second “region” is the Cagayan Special Economic Zone and 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. Philippines is currently the only country in Asia offering an “i-gaming license” or a permit to run an online casino. In the Philippines there is a government corporation known as PAGCOR (Philippine Amusement and Gaming Corporation) which has the exclusive license on all gambling activities in the country. PAGCOR has licensed exclusive rights for online gaming to one company, Philweb, until the year 2032. Tax Incentives for Online Gaming Companies in the Philippines. Gaming operators and companies operating in certain zones of online gaming jurisdiction are entitled to numerous benefits and tax incentives in the Philippines. 4 – 6 income tax holiday for qualifying (4 years for non-pioneer firms and 6 years for pioneers) Philippines offshore gaming operator license applications have been suspended, as the country adheres to China's warnings to overhaul its regulations. The World's Online Gaming Authority Since 1995 .
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