The head for the Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly announced that her organization is to encourage all of the Asian nation’s online gaming operators to relocate their offices to a pair of coming iGaming hubs.
According to a report from GGRAsia citing information from the local BusinessWorld newspaper, Andrea Domingo made the revelation during last week’s Phil-Asian Gaming Expo in Manila and subsequently detailed that the two zones are to soon feature a plethora of office and residential spaces alongside a variety of convenience and grocery stores.
GGRAsia reported that iGaming firms in the Philippines are required to market their services to offshore gamblers while Domingo declared that having such enterprises in only a few select locales would make it ‘easier for us to regulate’. She also purportedly explained that the future hubs are to encompass a 24.7-acre plot of land within the Clark Freeport Zone as well as a 74-acre parcel in the southern Manila suburb of Kawit and will eventually moreover host a selection of food outlets in addition to facilities for entertainment, health and well-being.
Domingo reportedly proclaimed that these districts are to furthermore be home to various local regulatory agencies while any firms agreeing to relocate will be offered ‘some special privileges.’ She clarified that these are to encompass the ability for operators to receive standard three-year licenses featuring seven-year renewals rather than the current three-year extensions.
The close geographical proximity of the Philippines to some of Asia’s most lucrative iGaming markets has led to a proliferation of online gambling firms choosing it as a home. It purportedly also explained that the country’s 54 licensed enterprises are estimated to employ some 138,000 people and had last month occupied in excess of 2.6 million sq ft of office space in metropolitan Manila alone.