As a clear sign of things changing across the globe for the online gaming industry, one of the most conservative nations in the world, the Philippines, made significant announcements this past week. The first announcement came as the state-run Philippine Amusement and Gaming Corporation (PAGCOR) gambling regulator approved the development of the first land-based casino resort outside of the Manila area.
Under the direction of President Rodrigo Duterte, the Udenna Development Corporation has received approval for the development of a full-service casino resort on Mactan Island, just outside the city of Cebu.
The project will be developed along a 30 acre stretch of beachfront property where Udenna plans to build a hotel, conference center, retail complex, and casino. The estimated costs for the project stand at just over $341.0 million. To accentuate Duterte’s desire to bring an economic boost for his people, PAGCOR was also instructed to begin issuing new licenses for the online sports gambling industry. A major reason for Duterte’s newfound support for this industry is to help stamp out illegal wagering activities in favor of regulated gambling options that can bring the Philippines much-needed tax revenues for infrastructure improvements.
While some online casinos have been licensed to operate from the Philippines to the exclusion of Filipino citizens, the new sports gambling license will permit access to any offshore operators that “accepts and/or facilitates wagers on regulated gaming events” such as major professional sports leagues (NBA, NFL, MLB, PSL), horse and dog racing and other events that provide “live event audio and/or visual feeds of such regulated gaming events”. According to a statement released by PAGCOR representatives, “Issuance of this special class of sports betting license shall be limited to offshore gaming operators that are taxed or otherwise contractually required to pay a certain percentage of their gross gaming revenues for rights to live audio and/or visual feeds and/or betting pool access by that governing body or by content rights holders subject to the authority of such [a] governing body.”
Under the regulations set forth for the new sports betting licensee, online bookmakers must submit “express written permission” to provide wagering options from the major sports venues and racetracks to be offered. Additionally, bookmakers will be required to pay a revenue tax of 1.5% on all gambling revenues brought in from any and all events. As the Philippines moves forward to create new revenue sources from the gambling industry, similar changes are taking hold all over the world. In the United States, at least 20 states currently have legislation moving through the state legislatures to address provisions that will allow for online casino gambling.
Currently, Nevada, Pennsylvania, and New Jersey allow residents to wager with licensed online casinos. All of this comes despite rumblings from U.S. Attorney Jeffrey Sessions, who is threatening to shut down all online gaming and sports tipping activities with exception of horse racing. Many legal analysts believe any attempts by Sessions to make such a move would be met with stout resistance from state legislatures. Due to provisions of the “State’s Rights” section of the U.S. Constitution, the Federal Government may not be able to wrestle jurisdiction on this issue away from the states. If you are a sports gambler looking for new and exciting online sports tips, you’ll want to check out some of our links.
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Author Bio: John Hawthorne