How to Open Online Casino Licensed in South Asia
Operators who seek to open a turnkey casino in South East Asia might be interested in obtaining a gambling license in the Philippines, the country which is considered one of the most appropriate jurisdictions for licensing of internet gambling. Many world-renowned online gaming companies chose to come here and start online casinos due to the fact that this country has made significant investments in online infrastructure and offers high-speed internet. Gaming licensed in the Philippines can be obtained from the First Cayagan, an organization that regulates and monitors all gaming activities in this region.
Even if opening an online gaming site in the Philippines could seem more expensive than in other jurisdictions at first, the tax regime is quite favorable for companies which are based overseas. Thus, operators who seek to open a sports betting site in this country are requested to pay an additional tax of $48,000 during their first year of operation and an additional $60,000 tax per each year they want to renew the gambling event. Operators looking to open turnkey casinos are not requested to invest a minimum share capital and the full license costs $40,000, of which $25,000 can be refunded if the application is not successful.
When it comes to software requirements, all online gaming companies have to own a fully secured network operation hub and must make sure that the personal information of consumers remains confidential.
BY CASINOWEBSCRIPTS PUBLISHED 8 October 2013