Philippines Government Introduces Offshore Online Gambling Rules

Discussion in 'General Casino Affiliate Area' started by i-man, Sep 20, 2016.

  1.  
    i-man

    i-man Affiliate Guard Dog Member

    Messages:
    75
    Likes Received:
    26
    Joined:
    Oct 14, 2013
    Hey Guys, Read On The New Philippines Gambling Rules Here

    What is your take on these rules?

    The one that strike me is "Under the new regulations, operators are prohibited from serving citizens of the Philippine Islands, no matter where they reside".

    Now! why would i want to be license in a jurisdiction where i can't offer the people my products or services?
     
  2.  
    LandofOz

    LandofOz Affiliate Guard Dog Member

    Messages:
    529
    Likes Received:
    165
    Joined:
    Mar 25, 2009
    How do the fees for an online casino license in the Philippines compare to the fees charged in jurisdictions such as UK, Gibraltar, Alderney, Costa Rica, etc ?
     
  3.  
    Moonlight Cat

    Moonlight Cat Affiliate Guard Dog Member

    Messages:
    157
    Likes Received:
    46
    Joined:
    Sep 4, 2012
    Maybe i mistake, but as i read Year=$40,000+2% GrossRevenue
     
    LandofOz likes this.
  4.  
    Moonlight Cat

    Moonlight Cat Affiliate Guard Dog Member

    Messages:
    157
    Likes Received:
    46
    Joined:
    Sep 4, 2012
    Nothing new. As i know, this rule is always exsist. Online Casinos based on Philippines targeting on China and South-East Asia countries like Thailand, Malasya e.t.c. This is very big and profitable market. I think more biggest and profitable than USA market. But very spesific.
     
  5.  
    AussieDave

    AussieDave 17 years & still going!

    Messages:
    2,867
    Likes Received:
    1,368
    Joined:
    Nov 28, 2013
    Incorrect...

    Right: "operators can shell out $50,000 for an e-casino application and $40,000 for a sports betting application. If the application is approved, the operator must then pony up another $150,000 for an actual e-casino license or $200,000 for a sports betting license."
     
    i-man likes this.
  6.  
    i-man

    i-man Affiliate Guard Dog Member

    Messages:
    75
    Likes Received:
    26
    Joined:
    Oct 14, 2013
    Yep... and on top of that, you have tax to pay but you can't accept wager from their citizens.
     
  7.  
    Moonlight Cat

    Moonlight Cat Affiliate Guard Dog Member

    Messages:
    157
    Likes Received:
    46
    Joined:
    Sep 4, 2012
    Anyway, some of Philippines lisensed casinos make more money than most US-targeting casinos.
     

Share This Page