Cagayan (CEZA) Licensed Casinos

All online Casinos with an Cagayan Gambling License

Introduction to Cagayan Gambling Law and Regulation

Cagayan Economic Zone Authority law and regulationGambling is a pastime that has been around for centuries. It continues to be popular even today. It can be addictive, but there are ways to break the habit if it becomes too much. Gambling can provide entertainment, stress relief, or financial gain. But, it is important to be aware of the risks involved before starting.

Gambling is mainly of three types which are physical casinos or land-based facilities, online casinos, and sports betting on publicly available events. These mainly include horse races or football matches. Each type comes with its own set of risks and rewards which users should consider.

Gambling is a big business in the Philippines, with estimated revenue of $17.5 billion generated in 2011. The country has tons of establishments. All these offer gambling services and approximately 120 million gamblers nationwide. This figure is as per government figures.

An assessment by a survey hinted at the high potential for gaming industry growth on Mindanao island. Here, Cagayan falls victim because it’s considered one of Southeast Asia’s biggest casino meccas, although, sadly nothing came out from this claim. It led both local and international operators alike to plunder the beloved province.

History

Gambling has a long and colorful history, with many cultures enjoying the thrill of risk. In some cases, it is considered an important part of community life. While in others it can be seen as nothing more than a vile addiction.

Although, gambling may not be popular anymore in mainstream society. There is no doubt that the activity remains deeply ingrained within Philippine culture. Gambling has been a part of its society for centuries. The earliest form of gambling was probably betting on horse races. In the early 1800s, Cagayan province became well known for its casinos and gaming dens. This is particularly evident in the city of Caguas. There are many sprawling casino complexes spread out over several blocks.

Gambling in the Philippines has a long and colorful history. The country is home to some of the world’s oldest casinos. The casinos first opened in 1902. Gambling also plays an important role in Philippine society. It is considered one of the country’s main sources of income outside agriculture and manufacturing.

The boom years for Cagayan’s casinos were the 1990s. Tourists from all over Asia descended on the Philippines in search of legalized gambling opportunities. Casinos employed hundreds if not thousands of Filipinos. Locals were employed as dealers, bartenders, and security guards. People made big money working.

Currently, gambling enjoys widespread popularity in Cagayan province specifically. This is according to recent surveys conducted by both local governments and private sector organizations. Casinos remain one of the most popular tourist destinations in Cagayan.

Gambling Laws

Gambling has been a part of many cultures for centuries. In some cases, it is seen as just another form of entertainment. For others, it can be used to make money. There are various types of gambling and each country has its laws. Laws govern which games are legal and how much you can win or lose.

In the Philippines, there were two major forms of legalized gambling – lotteries and casinos. Lotteries were first introduced in the early 1800s by Spanish colonizers. It was introduced as a way to raise revenue for government coffers. Casinos began appearing during World War II when Americans visited Manila to gamble.

The Cagayan Economic Zone Authority (CEZA) is an intra-governmental agency. CEZA was made through Executive Order No. 263, issued by President Gloria Macapagal Arroyo. The main objective of this body was to help in the development of economic zones in Cagayan province. CEZA operates mainly as a body overseeing the investment guidelines set by the government.

This is for selected industries within its proposed economic zone areas. CEZA also offers support services such as accounting and auditing, land registration, and industrial licensing. Under CEZA no local players can gamble in the Cagayan Special Economic Zone except hotel guests.

CEZA As Regulatory Body in Cagayan

CEZA is an Economic Zone with the ability to issue any form of incentives to locators. It is also a Gaming Authority that acts as a regulator of the gaming jurisdiction. This is possible with the power to license Interactive Gaming and Landbased Gaming activities.

All this without needing to secure prior approval from any other authority. CEZA is one of the most powerful agencies in Cagayan. It wields a lot of power and enjoys high impunity rates. All these undermine its effectiveness as an anticorruption and regulatory body.

Any kind of gambling which is illegal and unregistered is punishable. These are all offenses in Cagayan, especially by local players. To keep a check on such illegal gambling activities, CEZA was formed in 1995. The goal was to verify licenses and operators inside the gambling market.

Regular checks and tests with the software are made by the respective authorities to check authenticity. This keeps in check whether an operator is providing services legally or not in the province. Finally, all licensees must adhere to strict moral standards outlined by the authority. This includes prohibiting underage gambling and marketing products.

The authority aimed to prevent corruption and illegal activities. Also, different money laundering in the gambling market of Cagayan was prevented. It is applicable for all sorts of games including sports betting, casinos, poker, and lottery. After 2010, after the formation of the CEZA, gambling services flourished in the province.

License Provisions of CEZA

CEZA provides several licenses when it comes to online gambling. An Interactive Gaming License is a kind of license granted by the CEZA to an offshore company. The company must not be in the Philippines.

License is mainly to do business as an interactive gaming operator. This includes taking bets and paying out winnings to players outside the Philippines. There are two types of IGL namely E-Casino and Sports Betting. A user may apply for either or both types.

CEZA aims at improving the Cagayan gambling market, making it a hub for foreign companies. To achieve its goals, CEZA is guided by many principles. This is required to keep the authority on track. The principles of authority are:

  • Ensuring an equal playing field for different proponents.
  • Maintaining an orderly and regulated predictable environment.
  • Enforcing all license terms and laws laid down.
  • Promoting equality and fairness in the conduct of all games for the equal chance.
  • Providing players with a trustable platform for gambling.
  • Preventing minors and underage users from gambling.
  • Preventing financially weaker people from gambling and keeping a check on gambling addiction.
  • Preventing gambling venues from using gambling for illegal activities.

The license was provided by CEZA in Cagayan as a source of security and authenticity for the operator. But in recent times there are some downsides to the license. Many people in Cagayan are looking for other licenses like the Curacao gambling licenses. This proves that not everyone thinks highly of the laws related to gambling present in Cagayan.

Player Protection with CEZA Licensing

The license from CEZA protects players and gives you a safe environment to play. When choosing an online sports betting site, there are always some important considerations. You should always consider these for your safe entertainment experience. Take a good look at the logo on the portal and ensure that the site is official and safe to play.

Sites that do not have any certification can be closed at any point in time by the authority. Your money may be confiscated once the portal is captured. So CEZA provides a safe playground for all its users. Also, it ensures that financial security is of the highest level for all players.

All gambling websites have to comply with CEZA regulations periodically. It is to ensure that all these sites are following the strict software requirements. The major objective of CEZA is the security of all players. CEZA takes any sort of complaints made by you seriously. It tries its best to solve them as quickly as possible.

Obtaining CEZA Licenses and Cost

If you wish to provide services in Cagayan, you have to obtain a license recognized by CEZA. An application with the platform’s projects along with the costs needs to be submitted to the CEZA. The documents required are:

  • Memorandum along with articles of association.
  • Share registers.
  • Directors appointment.
  • Incorporation certificate.
  • If applicable, a certificate for change of name.
  • A copy of the passport of the authorized representative.

For a Studio and Live Streaming license, the validity is for 1 year. The user needs to pay the one-time license fee and application fee of $40,000 each. In addition to this annual renewal fee is $40,000 along with a performance bond of $40,000. The operator needs to pay monthly revenue of $1000 per studio table and installed a lottery machine.

For an E-casino license, validity is 1 year. The license fee and application fee are $40,000 each time. The annual renewal fee is $40,000 along with a performance bond of $40,000. Monthly revenue is 2% of gross gaming revenue or a $100,000 minimum guarantee fee, whichever is more. For the first year, there is no guarantee fee required.

An Interactive Gaming Support Service (IGSS) Registration is another kind of certificate granted by CEZA. It is only provided to an authentic IGSS Company Applicant. The main aim is for the provision of support services to an Interactive Gaming License holder. The different kinds of support services may include

  • customer support services.
  • video streaming and content provision.
  • server and website management and maintenance.
  • transactions monitoring and reporting.

The IGSS company applicant has to be a company registered with the Philippine Securities and Exchange Commission. The major primary objective as stated in the articles of incorporation and by-laws must include the provision of Interactive Gaming Support Services.

CEZA Certifications And Gambling Services

CEZA makes sure you are provided with the best service available.

  • Any platform that offers casino games must be checked for security issues
  • All of the casinos under license cannot disappear with the money the players have deposited in their accounts.
  • You can limit the amount you can spend gambling every month. This is important to protect players from overspending.
  • Online sites must follow the proper procedure for keeping all personal information safe and secure.
  • Authorities have to ensure that the game’s Random Number Generator is running properly ns correctly.
  • Certified online casinos and sports betting platforms are required to use at least three different payment methods.
  • Any transaction you make should allow you to be under the protection of the casino.
  • A licensed gaming site and the certificate must allow users to use a least three payment methods.
  • You should have access to technical and customer support in Italian. The operators of the casino must provide all the necessary support to the Italians 24/7.
  • The rules and definition of a casino game should be easy to understand. It should be clear and minimal.
  • Licensed online casinos should not accept underage players.

All these services make sure that player safety is of the best quality when it comes to CEZA licensed casinos.

Before depositing your money, you must make sure that the platform has an authentic license.

Customer security at CEZA

When it comes to customer security and safety, CEZA rates it highly. In case of any user complaints against online sites, it ensures that your complaints get registered and solved through its services. If the casino is unable to rectify your issues or does not pay attention to them, you are free to complain directly. Although it should be kept in mind that the authority itself may not directly reply to your queries. If the authority finds any form of malpractice with the casino operator or website, it will make sure to take down the illegal platform.

Advantages And Disadvantages

When it comes to casino licenses and online casinos, CEZA is an authentic and dependable authority in Cagayan. This body takes very strict measures when it comes to rules and regulations. It makes sure all the licensees follow the minimum strict regulations imposed on them. Along with the regulations, the fines in place make sure all the users are protected at all times along with providing a fair gaming experience.

There are a few downfalls of CEZA in gambling in Cagayan. For one, the law is often seen as restrictive by operators and players alike. This can lead to reduced liquidity and higher spreads. It is because many industry insiders believe that less competition generally results in higher profits. Applicable for those who hold licenses. Furthermore, CEZA also creates bureaucratic hurdles.

This slows down the processing time of applications. Thereby, impeding legitimate businesses from taking part in the sector despite their genuine desire to do so. In short, there are benefits associated with having a CEZA license. This includes access to better technology or greater security. But despite all these benefits, there are drawbacks as well.

Why CEZA Is Important?

Without a CEZA authorized license, it is illegal to open an online or offline casino in Cagayan. This makes it compulsory for any operator to get an authorized license first to start their business legally, also if found without a license, the authority is bound to confiscate and take down the platform. This is irrespective of the location of the operator.

Ensuring the security of personal information is crucial for both casinos and their customers when it comes to CEZA. You may always have this doubt about whether you should provide personal info to online casinos. Mainly as there may be fear of risks of a security breach. But with certified casinos, you can be assured that all your data and information is in safe hands at all times.

It is very unlikely that your personal and financial information will be shared or disclosed on other sites. The authority makes sure the details are confidential and secured. No third-party platform will receive your shared data with a guarantee of complete privacy. All CEZA-certified casinos protect personal data with utmost anonymity.

CEZA-Certified Online Casinos

There are more than 70 casino operators registered with the CEZA. The two popular online casinos registered under CEZA are:

● Nextbet Casino

Nextbet casino is a new online gambling site that offers bettors unique features and opportunities. In addition to traditional betting options such as blackjack, roulette, and craps, Nextbet also has its variant of bingo called Bingo Blitz. This allows players to make quick decisions about what numbers they want to hit.

One benefit of using Nextbet’s Bingo Blitz is that it eliminates the need for line waiting time. Players can pull up their game Board right on their computer screen so they don’t have to take any breaks during play. Furthermore, there are no extra charges associated. The casino is certified by CEZA and is a good place for players eager to try out their luck.

● Dafabet Casino

Dafabet Casino is one of the leading online casinos in Europe. It offers a wide variety of games, including slots and table games, as well as live casino and blackjack. The site also has several bonus opportunities available to players. One great feature of Dafabet Casino is its customer support staff.

They are always happy to help you with any questions or concerns that you may have about playing at their site. If for some reason your account needs activation or assistance logging into your profile, they will do everything possible to assist you immediately. Certified by CEZA, Dafabet casino is a well-reputed casino for users all over the globe.

Final Thoughts

Gambling in Cagayan is legal, but only for guests. Local people are not allowed to gamble in the Cagayan province. Throughout history, Cagayan has been a hub for gambling. After 1995, the formation of CEZA helped make the gambling market safe for players. With the formation of CEZA, the regulatory body for any sort of gambling-related games, the gambling market in the province has grown.

With its strict policies and laws, the body has ensured fair gambling practices are being followed in the province. All this with a major emphasis on player security and safety. CEZA has strict policies and rules which are followed by casinos operating in the province.

The body is a ray of hope for the players in experiencing online casino services legally. With more online casinos being certified by CEZA, users have a host of platforms to choose from to enjoy the best casino experience.

Cagayan Gambling Law & Regulation FAQ

The Philippines CEZA licenses primarily online casinos. These are mainly catering to players from Asia. So, players from Europe may not be as familiar with this licensing body.

Despite the name not being very familiar in Europe, the Zone Authority is one of the most reputable. It is one of the most reliable licensing bodies in Asia. So, online casinos with their licenses are very safe to play at.

No. Players from the Philippines are not welcome to online casinos licensed by the CEZA. This is despite the fact the regulator is based in the country.

All licenses under CEZA are valid for only 1 year. Annual renewal of licenses is mandatory to consider the license valid.

$40,000 for processing and $40,000 for the performance bond.

Yes, gambling is legal in Cagayan. Although, locals are not allowed to gamble.

As many as 70 licensed casinos are there under CEZA.