Asia's first gaming jurisdiction

SoftGamings

Dormant account
Joined
Nov 25, 2015
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:
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
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:

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.
 

SoftGamings

Dormant account
Joined
Nov 25, 2015
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? :)
 

AndiMaldita

Banned User - dodgy spam account
Joined
Sep 30, 2015
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.
 

iGameConsult

Dormant account
Joined
Apr 8, 2014
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.
 

JaneAir

Registered User
Joined
Jan 18, 2016
Location
Germany
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.

very interesting...didn't know, about the partnership...feel like I'm stupid=\
 
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