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Asia's first gaming jurisdiction

Discussion in 'Casino Industry Discussion' started by SoftGamings, Feb 3, 2016.

    Feb 3, 2016
  1. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    People, is anybody have any experience connected with the First Cagayan Leisure and Resort Corporation?
    If we talk about First Cagayan license , is it possible to work in the EU territory having it? What makes it different from others jurisdictions? :eek2:
     
  2. Feb 3, 2016
  3. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Mostly, no, not legally in any case. It's the same as asking if it's OK to work in the EU territory with a Kahnawake licence or your favourite, a Curacao licence.

    In order to benefit from the "free market" aspect of the EU, you have to be based in one of the countries covered by this agreement. Most casinos have chosen Malta, and have their primary licence there for their EU operations. Some countries also require that you are licenced directly on a secondary licence basis, the UK being one, but France and Italy also implemented something similar.

    In theory, it might be possible to have a primary licence under First Cagayan and a secondary UK licence that would allow you to operate within the UK. However in practice it would depend on whether or not the Cagayan licence itself is considered to have been issued by an acceptable jurisdiction. I am not aware of any casinos claiming a primary licence in Curacao or Costa Rica and successfully obtaining a secondary UK licence, so it seems that there are certain criteria regarding with primary licencing jurisdictions are going to be acceptable.

    As the rules differ between different EU states, the safest option is probably to get a primary licence from somewhere like Malta, and from there apply for secondary licenses where necessary, or operate direct to EU countries who don't have this additional requirement.

    Any PLAYER who comes here asking for advice about playing at a casino "Licenced by First Cagayan leisure and Resort Corporation" will probably receive the same advice as would be given were they asking about a casino "Licenced in Curacao". Such advice is unlikely to be of benefit to the casino ;-)

    There are members here who live and gamble in the far East, and they would be able to offer an opinion on this proposed jurisdiction with regard to players who's countries don't insist on specific licences, and where it is left up to the player to exercise their own due diligence when deciding where to play.

    Where a casino operates from a weak jurisdiction, the ONLY real protection players have is themselves and their peer group. This is why some casinos based in such places have actually been regarded as pretty trustworthy in the player community. Club World Group is one such example.
     
    4 people like this.
  4. Feb 4, 2016
  5. AndiMaldita

    AndiMaldita Banned User - dodgy spam account

    Occupation:
    Writer
    Location:
    Republic of the Philippines
    I am actually working in one of the casinos that was license by the said company above.
     
  6. Feb 4, 2016
  7. SoftGamings

    SoftGamings Dormant account

    Occupation:
    Comprehensive and cost-effective solutions for you
    Location:
    Riga, Latvia
    vinylweatherman, it is all clearly understandable, but reason to obtain such a license, to have more trustful casino to Asia's gamblers?
    Also, a price is not so cheap, if compare with my favorite Curacao license, we can see that price is about two times higher on a First Cagayan license.

    AndiMaldita, hope You are fine! And what is your opinion about that, or you can only say it is a most reliable and appropriate for online casino business, because of your work position? :)
     
  8. Feb 26, 2016
  9. trickster

    trickster Dormant account

    Occupation:
    Researcher
    Location:
    Moscow, Russia
    And how's the casino operating? Does the casino have European based players or it's main market is in Asia?
     
  10. Mar 1, 2016
  11. AndiMaldita

    AndiMaldita Banned User - dodgy spam account

    Occupation:
    Writer
    Location:
    Republic of the Philippines
    Well basically, the operation of First Cagayan Leisure and Resort Corporation is actually in the Philippines. Well-known casino's all around Asia and in Europe has a partnership with it. Complains are normal since we are talking about gambling industry here, but as what I can say it is safe to play with the online casino sites that is associated with it.
     
    1 person likes this.
  12. Mar 21, 2016
  13. iGameConsult

    iGameConsult I-Gaming Industry Representative

    Occupation:
    iGaming Industry
    Location:
    Malta
    IMO, it is always a bit of drawback when license is issued not by a government body but a private company. In case of Malta MGA or UK Gambling Commission, it is a government entity that regulates, issues license and supervises operator. This means that their top concern is reputation and they would rather decline a license application rather than grant it to risky platform or due diligence applicants.

    Logically, private companies are firstly about profits. So it is up to their upper management how much they are willing to grant licenses in questionable cases. Gut feeling prompts that in case of private company management, license fees will often outweigh the potential risks.
     
    2 people like this.
  14. May 17, 2016
  15. JaneAir

    JaneAir Registered User

    Occupation:
    breathing
    Location:
    Germany
    very interesting...didn't know, about the partnership...feel like I'm stupid=\
     

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