Overview
The Philippine Amusement and Gaming Corporation (PAGCOR) licenses offshore gaming, with around 41 casinos registered, targeting Asian markets.
Rules
- Local office and AML/KYC compliance required.
- Targets non-Philippine players only.
- Regular operational audits.
Costs
Application fee: ~$50,000. Annual fees: ~$100,000+ based on revenue.
Pros & Cons
Pros: Asian market access, government-backed.
Cons: High costs, complex process, offshore-only.