The first ever gaming jurisdiction in Asia was brought into existence in the Philippines. While the entire archipelago was looked afterby PAGCOR, the Cagayan Special Economic Zone and Freeport, however, was under the First Cagayan Leisure and Resort Corporation.
With an increasing number of companies trying to explore the online gaming industry in Asia, it is becoming evident that there wasn’t any jurisdiction for this industry here. According to Jose Mari Ponce, the CEO and administrator of the CEZA, this gave them an advantage to step up and be the first and only regulated jurisdiction for interactive in Asia.
First Cagayan’s responsibility is to provide gaming operators the chance to be a part of one of world’s most lucrative and promising industry, by allowing them to penetrate the gaming market in the Asia Pacific region and beyond. Chairman of the First Cagayan, Reynaldo P. Bantug explained that they are not a gaming operator, but a provider of software and infrastructure while making sure that all the gaming regulations are being abided by. The main purposes of the First Cagayan include the establishment, acquisition, leasing, management, operation of any tourism-related activities. They are not just restricted to internet and casino games, but also encompass recreational sports, amusements, as well as golf courses.
Being a master licensor in the online gaming industry, the First Cagayan regulates, controls, and protects both the players and the gaming operators.