PAGCOR to issue new licences for offshore betting

The new class of licence refers to “an offshore gaming operator that accepts and/or facilitates wagers on regulated gaming events”; this includes horse and dog racing.

It also allows external companies to provide audio and visual feeds of live regulated gaming events, as long as permission has been granted by the event organiser.

Non compliance with this regulation will result in the removal of the licence within seventy-two hours.

Offshore licence applicants must prove that they are adhering to the tax regime of their respective tax jurisdiction in order to qualify for the new licence.

Under the new regulations, holders of this special licence must also pay 1.5% of their gross gaming revenue back to PAGCOR on a monthly basis, along with its regular licence fees.

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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