Many people probably don’t know this, but the Philippines are an island nation and has almost 100 million citizens living in it. The Philippines the location in which one of the less well-known gambling jurisdictions resides; The First Cagayan Leisure and Resort Corporation. Also known as the FCLRC, it was first established during 2003 and was put to the task of regulating the bookmakers that were both online and land-based, the ones that would offer the sports betting and casino games to those that reside within the
26th Floor West Tower, Philippine Stock Exchange Center
Exchange Road, Ortigas Center, Pasig City
Tel. No. (632) 638-55-56
Fax: (632) 635-09-93
While the First Cagayan Leisure and Resort Corporation is ultimately owned by the government, they are under strict obligations to run their corporation under mass levels of autonomy. Every decision that was made previously about the Cagayan Freeport was decided upon solely by the FCLRC and the CEZA alone, until recently. There are some main points
There are some very confusing aspects of the regulation of the local gaming market, however. One of the confusing aspects of the market is that the PAGCOR, which is operated by the government is the operation that enforces a specific legal framework for the casinos and the gaming terminals that are land-based within the area of the Philippines. However, the citizens that are located within the area of the Philippines are not able to gamble/bet in any casino, online or off, this means that the foreign casinos are not able to give the players of the location access to their services. Thanks to the many decrees of the president, many things have taken a pretty harsh turn, such as the casinos that were previously able to work from the Cagayan Freeport, because they were told that they must close their places to all business coming and going. There were, of course, a lot of individuals that had problems with this, and there were a lot of problems that first arose when all of this went down. However, in the end, the president won over the people.
The First Cagayan Leisure and Resort Corporation certainly does aid those that need specific licenses, however, they are a little bit blocked by the government from offering too much. There are some individuals that disagree with the fact that the casinos and bookmakers are not able to get licenses that allow them to get customers that would be coming from the Philippines, however, there really is nothing that can be done about that and there is nothing that the FCLRC is able to do about any of it. All in all, though, they are a great corporation that helps many casinos and bookmakers tap into areas of great profit.
The First Cagayan Leisure and Resort Corporation certainly does aid those that are in need of specific licenses, however, they are a little bit blocked by the government from offering too much. All in all, though, they are a pretty great corporation that helps out many casinos and bookmakers tap into areas of great profit.